Media coverage about Electronic Arts (NASDAQ:EA) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Electronic Arts earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the game software company an impact score of 46.8356208365115 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Electronic Arts: This Rally Is Just The Start (seekingalpha.com)
- Q3 2019 Earnings Estimate for Electronic Arts Inc. (EA) Issued By KeyCorp (americanbankingnews.com)
- Electronic Arts (EA) Receives Buy Rating from Benchmark (americanbankingnews.com)
- Electronic Arts (EA) Earns Overweight Rating from KeyCorp (americanbankingnews.com)
- Electronic Arts jacks up leaders’ pay to retain key talent (seekingalpha.com)
EA has been the topic of several research reports. BidaskClub upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Benchmark reiterated a “buy” rating and issued a $164.00 price target on shares of Electronic Arts in a research report on Monday. KeyCorp increased their price target on shares of Electronic Arts from $152.00 to $168.00 and gave the company an “overweight” rating in a research report on Monday. They noted that the move was a valuation call. Stifel Nicolaus increased their price target on shares of Electronic Arts from $144.00 to $157.00 and gave the company a “buy” rating in a research report on Friday, June 15th. Finally, Zacks Investment Research upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research report on Monday, May 14th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $143.39.
Shares of Electronic Arts opened at $143.09 on Wednesday, according to Marketbeat. Electronic Arts has a 1 year low of $99.63 and a 1 year high of $147.13. The company has a market cap of $45.00 billion, a P/E ratio of 41.60, a PEG ratio of 2.29 and a beta of 0.77. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.22.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, May 8th. The game software company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.14. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Electronic Arts had a net margin of 20.25% and a return on equity of 28.51%. sell-side analysts anticipate that Electronic Arts will post 4.26 earnings per share for the current year.
In other Electronic Arts news, insider Chris Bruzzo sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $118.94, for a total transaction of $178,410.00. Following the transaction, the insider now owns 32,475 shares of the company’s stock, valued at $3,862,576.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $135.83, for a total transaction of $1,426,215.00. Following the transaction, the chief financial officer now directly owns 163,341 shares in the company, valued at approximately $22,186,608.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 178,142 shares of company stock worth $22,927,436. 2.55% of the stock is currently owned by insiders.
About Electronic Arts
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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