Electronic Arts (NASDAQ:EA) Posts Quarterly Earnings Results, Misses Estimates By $1.07 EPS

Electronic Arts (NASDAQ:EA) posted its quarterly earnings results on Tuesday. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07), Zacks reports. Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%.

Electronic Arts Stock Performance

Shares of EA traded down $1.66 during trading hours on Tuesday, hitting $121.25. The stock had a trading volume of 7,033,510 shares, compared to its average volume of 4,247,377. The firm has a market capitalization of $31.80 billion, a PE ratio of 31.17, a PEG ratio of 2.50 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a fifty day moving average price of $146.84 and a 200 day moving average price of $147.79. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50.

Wall Street Analyst Weigh In

Several brokerages have commented on EA. BMO Capital Markets lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $160.00 to $145.00 in a report on Thursday, January 23rd. Citigroup decreased their price objective on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a report on Tuesday. Roth Mkm dropped their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Friday. Finally, Robert W. Baird dropped their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $156.38.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the sale, the insider now owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the transaction, the insider now owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. This trade represents a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $3,835,555 in the last three months. 0.22% of the stock is currently owned by company insiders.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.