SunTrust Banks set a $105.00 price objective on Electronic Arts (NASDAQ:EA) in a report issued on Tuesday. The firm currently has a buy rating on the game software company’s stock. SunTrust Banks also issued estimates for Electronic Arts’ Q3 2019 earnings at $1.84 EPS, Q4 2019 earnings at $1.41 EPS and FY2019 earnings at $3.92 EPS.
EA has been the topic of a number of other research reports. Zacks Investment Research cut Electronic Arts from a hold rating to a sell rating in a research report on Wednesday, September 26th. ValuEngine raised Electronic Arts from a sell rating to a hold rating in a research report on Thursday, December 6th. BidaskClub cut Electronic Arts from a sell rating to a strong sell rating in a research report on Wednesday, October 31st. Buckingham Research assumed coverage on Electronic Arts in a research report on Thursday, October 4th. They set a buy rating and a $143.00 price target on the stock. Finally, Stifel Nicolaus dropped their price target on Electronic Arts from $159.00 to $140.00 and set a buy rating on the stock in a research report on Tuesday, September 11th. Seven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $131.36.
Electronic Arts stock traded down $0.21 during trading on Tuesday, hitting $90.80. 262,632 shares of the company were exchanged, compared to its average volume of 4,371,715. Electronic Arts has a 52 week low of $73.91 and a 52 week high of $151.26. The company has a market capitalization of $26.86 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 1.53 and a beta of 1.00. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.19.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.46. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. Electronic Arts’s revenue was up 3.6% compared to the same quarter last year. On average, analysts predict that Electronic Arts will post 3.87 EPS for the current year.
In other news, insider Laura Miele sold 1,250 shares of the stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $79.51, for a total transaction of $99,387.50. Following the transaction, the insider now directly owns 8,461 shares in the company, valued at approximately $672,734.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $102.81, for a total value of $102,810.00. Following the transaction, the general counsel now owns 17,029 shares in the company, valued at $1,750,751.49. The disclosure for this sale can be found here. Insiders sold a total of 51,700 shares of company stock worth $4,525,011 over the last 90 days. Corporate insiders own 2.24% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of EA. Envestnet Asset Management Inc. lifted its holdings in Electronic Arts by 11.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,519 shares of the game software company’s stock worth $2,894,000 after buying an additional 2,111 shares during the period. Commonwealth Bank of Australia lifted its holdings in Electronic Arts by 17.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 8,017 shares of the game software company’s stock worth $1,125,000 after buying an additional 1,210 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Electronic Arts by 9.4% in the 2nd quarter. Baird Financial Group Inc. now owns 36,796 shares of the game software company’s stock valued at $5,189,000 after purchasing an additional 3,174 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of Electronic Arts by 2,519.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 101,973 shares of the game software company’s stock valued at $14,380,000 after purchasing an additional 98,080 shares during the period. Finally, Laurion Capital Management LP purchased a new position in shares of Electronic Arts in the 2nd quarter valued at approximately $885,000. Institutional investors and hedge funds own 94.78% of the company’s stock.
Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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