Electronic Arts Inc. (NASDAQ: EA) Receives Average “Buy” Analyst Rating
Electronic Arts Inc. (NASDAQ: EA) received an average rating of “Buy” by the twenty-six analysts who currently cover the company, reports MarketBeat.com. Eight equity research analysts rated the stock with a keep recommendation and seventeen issued a buy recommendation on the company. The 1-year average price target among analysts who hedged the stock in the past year is $ 166.40.
A number of equity analysts recently commented on the company. Raymond James raised his price target on Electronic Arts from $ 177.00 to $ 185.00 and gave the stock an “outperformance” rating in a research note on Thursday, November 4. Zacks Investment Research downgraded Electronic Arts from a “buy” rating to a “keep” rating and set a price target of $ 144.00 for the stock. in a research note on Friday August 6. Jefferies Financial Group began covering electronic arts in a research note on Wednesday, September 15. They issued a âbuyâ note and a target price of $ 165.00 on the stock. Oppenheimer increased its price target on Electronic Arts from $ 165.00 to $ 170.00 and gave the company an “outperformance” rating in a research note on Thursday, November 4. Finally, Credit Suisse Group increased its price target on Electronic Arts from $ 175.00 to $ 177.00 and gave the company an “outperformance” rating in a research note on Thursday, November 4.
NASDAQ: EA shares opened at $ 125.27 on Friday. Electronic Arts has a minimum of $ 120.08 over 52 weeks and a maximum of $ 150.30 over 52 weeks. The company has a 50-day moving average of $ 136.39 and a two-hundred-day moving average of $ 139.66. The stock has a market cap of $ 35.43 billion, a P / E ratio of 46.23 and a beta of 0.84. The company has a debt to equity ratio of 0.24, a current ratio of 1.32, and a rapid ratio of 1.32.
Electronic Arts (NASDAQ: EA) last reported its quarterly results on Wednesday, November 3. The games software company reported earnings per share of $ 1.49 for the quarter, beating analyst consensus estimates of $ 1.17 by $ 0.32. Electronic Arts recorded a return on equity of 18.55% and a net margin of 12.27%. The company posted revenue of $ 1.85 billion in the quarter, compared to analysts’ expectations of $ 1.76 billion. In the same quarter of the previous year, the company achieved earnings per share ($ 0.03). As a group, research analysts expect Electronic Arts to post an EPS of 5.48 for the current fiscal year.
The company also recently unveiled a quarterly dividend, which will be paid on Wednesday, December 22. Shareholders of record on Wednesday, December 8 will receive a dividend of $ 0.17 per share. This represents an annualized dividend of $ 0.68 and a return of 0.54%. The ex-dividend date is Tuesday, December 7. Electronic Arts’ dividend payout ratio is 25.09%.
In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the company in a trade on Friday, October 1. The shares were sold at an average price of $ 141.90, for a total trade of $ 113,520.00. The sale was disclosed in a legal file with the Securities & Exchange Commission, accessible through this hyperlink. Additionally, CFO Blake J. Jorgensen sold 3,315 shares of the company in a trade on Wednesday, September 8. The shares were sold at an average price of $ 145.04, for a total trade of $ 480,807.60. Disclosure of this sale can be found here. During the past ninety days, insiders have sold 37,514 shares of the company valued at $ 5,085,342. Company insiders own 0.65% of the company’s shares.
Institutional investors recently bought and sold shares in the company. Motco increased its stake in Electronic Arts shares by 97.8% during the second quarter. Motco now owns 178 shares of the games software company valued at $ 26,000 after purchasing 88 additional shares in the last quarter. Heritage Wealth Management LLC increased its stake in Electronic Arts by 122.2% in the second quarter. Heritage Wealth Management LLC now owns 200 shares of the games software company valued at $ 29,000 after acquiring an additional 110 shares in the last quarter. Carolinas Wealth Consulting LLC increased its stake in Electronic Arts by 147.1% in the second quarter. Carolinas Wealth Consulting LLC now owns 210 shares of the games software company valued at $ 30,000 after acquiring 125 more shares in the last quarter. Bbva USA acquired a new position in Electronic Arts in the second quarter for a value of approximately $ 41,000. Finally, Evermay Wealth Management LLC purchased a new position in Electronic Arts in the second quarter valued at approximately $ 42,000. Institutional investors hold 88.97% of the shares of the company.
Electronic Arts Company Profile
Electronic Arts, Inc. develops, markets, publishes and distributes games, content and services for game consoles, PCs, mobile phones and tablets around the world. The company develops and publishes games and services in various genres, such as sports, first-person shooter, action, role-playing and simulation mainly under Battlefield, The Sims, Apex Legends, Anthem , Need for Speed ââand Plants v.
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