Electronic Arts (NASDAQ:EA) has earned an average rating of “Buy” from the thirty-two research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, twenty-five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $134.00.
A number of research analysts have recently commented on EA shares. Oppenheimer reiterated a “buy” rating and set a $130.00 target price on shares of Electronic Arts in a research report on Wednesday, January 17th. Piper Jaffray reiterated a “buy” rating and set a $142.00 target price on shares of Electronic Arts in a research report on Monday, January 22nd. Wedbush reiterated a “buy” rating on shares of Electronic Arts in a research report on Tuesday, January 2nd. Vetr downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $112.73 target price for the company. in a research report on Monday, January 1st. Finally, SunTrust Banks set a $130.00 target price on Electronic Arts and gave the company a “buy” rating in a research report on Friday, January 12th.
EA stock traded down $1.82 during midday trading on Thursday, hitting $123.11. The company’s stock had a trading volume of 3,026,803 shares, compared to its average volume of 3,560,898. Electronic Arts has a 12 month low of $89.79 and a 12 month high of $131.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $38,129.36, a price-to-earnings ratio of 41.59, a PEG ratio of 1.91 and a beta of 0.80.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.03. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.02 billion. sell-side analysts anticipate that Electronic Arts will post 3.66 EPS for the current fiscal year.
In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $119.57, for a total value of $1,255,485.00. Following the sale, the chief financial officer now owns 127,614 shares in the company, valued at $15,258,805.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 9,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $128.30, for a total value of $1,154,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,079 shares of company stock valued at $9,986,474. 2.55% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new stake in Electronic Arts in the fourth quarter worth $129,000. First Bank & Trust purchased a new position in shares of Electronic Arts during the fourth quarter valued at $134,000. Exane Derivatives purchased a new position in shares of Electronic Arts during the fourth quarter valued at $142,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Electronic Arts during the fourth quarter valued at $210,000. Finally, Wedbush Securities Inc. purchased a new position in shares of Electronic Arts during the fourth quarter valued at $230,000. Institutional investors and hedge funds own 95.53% of the company’s stock.
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Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.
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