FY2018 EPS Estimates for Electronic Arts Inc. (EA) Cut by SunTrust Banks

Electronic Arts Inc. (NASDAQ:EA) – Analysts at SunTrust Banks reduced their FY2018 EPS estimates for Electronic Arts in a research note issued to investors on Friday. SunTrust Banks analyst M. Thornton now anticipates that the game software company will post earnings of $3.62 per share for the year, down from their prior forecast of $3.63. SunTrust Banks currently has a “Buy” rating and a $130.00 target price on the stock.

Several other equities analysts have also issued reports on the stock. Oppenheimer reissued a “buy” rating on shares of Electronic Arts in a report on Friday, November 17th. Goldman Sachs Group lowered shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Vetr lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price objective on the stock. in a report on Wednesday, November 29th. Finally, Barclays cut their price objective on shares of Electronic Arts from $129.00 to $127.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $122.26.

Shares of Electronic Arts (NASDAQ:EA) traded down $1.21 during mid-day trading on Monday, reaching $111.92. 3,515,000 shares of the company traded hands, compared to its average volume of 3,850,590. The stock has a market capitalization of $34,550.00, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 1.86 and a beta of 0.61. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts has a 12 month low of $78.89 and a 12 month high of $122.79.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 31st. The game software company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Electronic Arts had a net margin of 23.35% and a return on equity of 28.92%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Cullen Frost Bankers Inc. grew its holdings in shares of Electronic Arts by 4.3% during the third quarter. Cullen Frost Bankers Inc. now owns 103,220 shares of the game software company’s stock valued at $12,186,000 after buying an additional 4,254 shares during the last quarter. Twin Capital Management Inc. grew its holdings in shares of Electronic Arts by 16.9% during the third quarter. Twin Capital Management Inc. now owns 87,560 shares of the game software company’s stock valued at $10,337,000 after buying an additional 12,640 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Electronic Arts by 65.0% during the second quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock valued at $150,688,000 after buying an additional 561,322 shares during the last quarter. Moody Lynn & Lieberson LLC grew its holdings in shares of Electronic Arts by 9.3% during the third quarter. Moody Lynn & Lieberson LLC now owns 63,565 shares of the game software company’s stock valued at $7,504,000 after buying an additional 5,413 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Electronic Arts by 1.5% during the third quarter. Swiss National Bank now owns 1,142,955 shares of the game software company’s stock valued at $134,937,000 after buying an additional 17,400 shares during the last quarter. 93.53% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the sale, the chief financial officer now directly owns 159,114 shares of the company’s stock, valued at $17,956,014.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $113.60, for a total transaction of $113,600.00. Following the sale, the senior vice president now directly owns 20,950 shares in the company, valued at $2,379,920. The disclosure for this sale can be found here. Insiders sold 67,516 shares of company stock worth $7,357,395 over the last ninety days. Corporate insiders own 2.55% of the company’s stock.

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About Electronic Arts

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

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