$1.18 Billion in Sales Expected for Electronic Arts Inc. (EA) This Quarter

Equities analysts expect Electronic Arts Inc. (NASDAQ:EA) to announce sales of $1.18 billion for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Electronic Arts’ earnings, with the highest sales estimate coming in at $1.22 billion and the lowest estimate coming in at $1.17 billion. Electronic Arts reported sales of $1.26 billion during the same quarter last year, which suggests a negative year over year growth rate of 6.3%. The company is expected to issue its next earnings results after the market closes on Tuesday, May 7th.

According to Zacks, analysts expect that Electronic Arts will report full-year sales of $4.81 billion for the current financial year, with estimates ranging from $4.75 billion to $5.15 billion. For the next financial year, analysts anticipate that the business will post sales of $5.05 billion, with estimates ranging from $4.87 billion to $5.49 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Electronic Arts.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 5th. The game software company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.75 billion. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The firm’s revenue was down 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.60) EPS.

Several research firms have issued reports on EA. Robert W. Baird lowered their price objective on shares of Electronic Arts from $154.00 to $90.00 in a research report on Wednesday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective (down from $150.00) on shares of Electronic Arts in a research report on Friday, December 14th. MKM Partners lowered their price objective on shares of Electronic Arts to $112.00 and set a “buy” rating for the company in a research report on Wednesday, January 30th. Wedbush reissued a “buy” rating and issued a $111.00 price objective (down from $133.00) on shares of Electronic Arts in a research report on Wednesday, January 30th. Finally, SunTrust Banks set a $105.00 price objective on shares of Electronic Arts and gave the company a “buy” rating in a research report on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have given a buy rating to the company. Electronic Arts currently has an average rating of “Buy” and a consensus price target of $112.04.

In other Electronic Arts news, insider Chris Bruzzo sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $103.00, for a total transaction of $309,000.00. Following the transaction, the insider now owns 35,271 shares in the company, valued at approximately $3,632,913. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $91.77, for a total transaction of $825,930.00. The disclosure for this sale can be found here. Insiders have sold a total of 82,500 shares of company stock worth $8,266,003 in the last 90 days. 2.24% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Quinn Opportunity Partners LLC boosted its holdings in Electronic Arts by 150.0% during the fourth quarter. Quinn Opportunity Partners LLC now owns 10,000 shares of the game software company’s stock worth $789,000 after buying an additional 6,000 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Electronic Arts by 27.8% during the third quarter. Thrivent Financial for Lutherans now owns 16,464 shares of the game software company’s stock worth $1,984,000 after buying an additional 3,580 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Electronic Arts by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 4,061,892 shares of the game software company’s stock worth $489,417,000 after buying an additional 145,570 shares in the last quarter. Morgan Stanley boosted its holdings in Electronic Arts by 95.2% during the third quarter. Morgan Stanley now owns 621,359 shares of the game software company’s stock worth $74,868,000 after buying an additional 302,980 shares in the last quarter. Finally, Weatherly Asset Management L. P. boosted its holdings in Electronic Arts by 42.8% during the fourth quarter. Weatherly Asset Management L. P. now owns 8,153 shares of the game software company’s stock worth $643,000 after buying an additional 2,445 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

NASDAQ:EA traded up $0.95 during mid-day trading on Thursday, hitting $100.58. 2,326,553 shares of the stock traded hands, compared to its average volume of 7,163,845. The company has a market capitalization of $29.85 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 1.69 and a beta of 1.19. Electronic Arts has a 52 week low of $73.91 and a 52 week high of $151.26. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.19.

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. 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.

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Earnings History and Estimates for Electronic Arts (NASDAQ:EA)

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