Electronic Arts (EA) Scheduled to Post Quarterly Earnings on Tuesday

Electronic Arts (NASDAQ:EA) will announce its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $2.02 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. 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 Price Performance

NASDAQ EA opened at $145.71 on Tuesday. Electronic Arts has a one year low of $119.92 and a one year high of $153.51. The stock has a 50-day moving average of $145.17 and a 200 day moving average of $139.11. The company has a market capitalization of $38.72 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.95 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were issued a $0.19 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s payout ratio is 16.24%.

Analyst Ratings Changes

EA has been the subject of several research analyst reports. TD Cowen lifted their price objective on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley reiterated an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Raymond James boosted their price target on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. BMO Capital Markets restated an “outperform” rating and set a $154.00 price target on shares of Electronic Arts in a research note on Wednesday, October 16th. Finally, BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.94.

Insider Buying and Selling

In related news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the transaction, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at approximately $3,597,739.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total transaction of $217,080.00. Following the sale, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at $3,597,739.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the sale, the insider now directly owns 30,190 shares in the company, valued at $4,579,823. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,770 shares of company stock valued at $3,643,785. Corporate insiders own 0.22% 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. 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.