Electronic Arts (EA) to Release Earnings on Tuesday

Electronic Arts (NASDAQ:EA) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 29th. Analysts expect Electronic Arts to post earnings of $2.03 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. On average, analysts expect Electronic Arts to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $145.20 on Friday. The stock has a fifty day moving average price of $145.01 and a two-hundred day moving average price of $139.58. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $38.36 billion, a P/E ratio of 34.16, a PEG ratio of 1.97 and a beta of 0.79. Electronic Arts has a 1 year low of $119.92 and a 1 year high of $153.51.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s payout ratio is currently 17.88%.

Insider Transactions at Electronic Arts

In other news, Director Luis A. Ubinas sold 2,126 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $146.77, for a total value of $312,033.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Stuart Canfield sold 1,260 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $148.37, for a total transaction of $186,946.20. Following the completion of the sale, the chief financial officer now directly owns 7,553 shares in the company, valued at approximately $1,120,638.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Luis A. Ubinas sold 2,126 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $146.77, for a total value of $312,033.02. The disclosure for this sale can be found here. Insiders sold a total of 22,270 shares of company stock valued at $3,287,735 over the last quarter. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EA. The Goldman Sachs Group increased their price target on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Jefferies Financial Group assumed coverage on Electronic Arts in a research note on Thursday, July 11th. They set a “buy” rating and a $165.00 price target for the company. Citigroup lowered Electronic Arts from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. UBS Group raised their price objective on Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Oppenheimer raised their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.76.

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. 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.