Electronic Arts Inc. (NASDAQ:EA) – Investment analysts at Jefferies Financial Group issued their Q2 2020 earnings estimates for shares of Electronic Arts in a research note issued on Thursday, July 11th, Zacks Investment Research reports. Jefferies Financial Group analyst A. Giaimo forecasts that the game software company will earn $0.62 per share for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $100.00 target price on the stock. Jefferies Financial Group also issued estimates for Electronic Arts’ Q3 2020 earnings at $1.93 EPS and Q4 2020 earnings at $1.23 EPS.
Several other equities research analysts also recently commented on EA. Benchmark reissued a “buy” rating and issued a $129.00 price objective (up previously from $120.00) on shares of Electronic Arts in a report on Wednesday, May 8th. Citigroup began coverage on Electronic Arts in a research note on Friday, June 7th. They issued a “neutral” rating and a $102.00 price target on the stock. Barclays set a $102.00 price target on Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, May 8th. William Blair restated an “outperform” rating on shares of Electronic Arts in a research note on Tuesday, May 7th. Finally, Needham & Company LLC increased their price target on Electronic Arts to $120.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and an average target price of $113.10.
Shares of NASDAQ EA traded down $1.71 during trading hours on Friday, hitting $92.89. The company had a trading volume of 2,764,719 shares, compared to its average volume of 4,608,611. The stock has a market capitalization of $28.06 billion, a PE ratio of 23.64, a P/E/G ratio of 2.17 and a beta of 1.01. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.52 and a quick ratio of 2.82. Electronic Arts has a 1-year low of $73.91 and a 1-year high of $134.00. The firm’s 50 day moving average price is $93.25.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.78 by $0.43. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.20 billion. Electronic Arts had a return on equity of 19.63% and a net margin of 42.75%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 EPS.
In related news, insider Vijayanthimala Singh sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $93.76, for a total value of $187,520.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 4,285 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $92.64, for a total value of $396,962.40. The disclosure for this sale can be found here. Insiders have sold a total of 102,079 shares of company stock worth $9,954,960 in the last quarter. Company insiders own 2.18% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Icon Wealth Partners LLC acquired a new stake in Electronic Arts in the first quarter valued at about $28,000. Valeo Financial Advisors LLC acquired a new stake in Electronic Arts in the second quarter valued at about $28,000. North Star Investment Management Corp. acquired a new stake in Electronic Arts in the first quarter valued at about $29,000. Ropes Wealth Advisors LLC acquired a new stake in Electronic Arts in the first quarter valued at about $34,000. Finally, Berman Capital Advisors LLC boosted its stake in shares of Electronic Arts by 70.6% during the first quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock valued at $34,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 93.84% of the company’s stock.
About Electronic Arts
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.
