Electronic Arts (EA) Earning Somewhat Favorable News Coverage, Report Shows
Media stories about Electronic Arts (NASDAQ:EA) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Electronic Arts earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the game software company an impact score of 46.0817852797886 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Brokerages Expect Electronic Arts Inc. (EA) Will Post Quarterly Sales of $1.23 Billion (americanbankingnews.com)
- WHAT’S IN STORE FOR: Electronic Arts Inc., (NASDAQ: EA), Boston Scientific Corporation, (NYSE: BSX); – TNN (tradingnewsnow.com)
- Electronic Arts Inc. (EA) : Stock in the Analysts Spotlight – Wall Street Morning (wallstreetmorning.com)
- Zacks: Analysts Anticipate Electronic Arts Inc. (EA) to Announce $1.16 EPS (americanbankingnews.com)
- Yahoo Finance Live: Market Movers – Mar 9th, 2018 (finance.yahoo.com)
A number of brokerages have commented on EA. BidaskClub raised Electronic Arts from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Benchmark boosted their price objective on Electronic Arts from $136.00 to $141.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Morgan Stanley upped their price target on Electronic Arts from $120.00 to $126.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. KeyCorp boosted their price objective on Electronic Arts from $134.00 to $152.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, Barclays boosted their price objective on Electronic Arts from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Electronic Arts has an average rating of “Buy” and an average price target of $132.81.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.02 billion. equities analysts forecast that Electronic Arts will post 3.66 EPS for the current year.
In other news, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $108.69, for a total transaction of $978,210.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the sale, the chief financial officer now directly owns 159,114 shares of the company’s stock, valued at $17,956,014.90. The disclosure for this sale can be found here. Insiders have sold a total of 81,279 shares of company stock valued at $9,809,588 over the last 90 days. Insiders own 2.55% of the company’s stock.
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Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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