Wall Street brokerages expect Electronic Arts Inc. (NASDAQ:EA) to post sales of $1.18 billion for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for Electronic Arts’ earnings. The lowest sales estimate is $1.16 billion and the highest is $1.20 billion. Electronic Arts also posted sales of $1.18 billion during the same quarter last year. The firm is expected to issue its next earnings results after the market closes on Tuesday, October 30th.

According to Zacks, analysts expect that Electronic Arts will report full year sales of $5.29 billion for the current financial year, with estimates ranging from $5.20 billion to $5.59 billion. For the next year, analysts expect that the business will report sales of $5.79 billion, with estimates ranging from $5.55 billion to $6.03 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Electronic Arts.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Thursday, July 26th. The game software company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.19. Electronic Arts had a net margin of 14.30% and a return on equity of 25.31%. The business had revenue of $749.00 million during the quarter, compared to the consensus estimate of $742.86 million. During the same quarter in the prior year, the firm earned $2.06 EPS. The business’s revenue was down 3.4% on a year-over-year basis.

EA has been the subject of several research reports. Zacks Investment Research downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Credit Suisse Group upped their target price on shares of Electronic Arts from $143.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, July 25th. BidaskClub cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Piper Jaffray Companies upped their target price on shares of Electronic Arts to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, July 25th. Finally, Wedbush restated a “buy” rating and set a $158.00 target price on shares of Electronic Arts in a research report on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $142.38.

Shares of EA traded up $2.50 during midday trading on Friday, hitting $106.10. 5,189,354 shares of the company traded hands, compared to its average volume of 3,744,535. Electronic Arts has a 52 week low of $99.63 and a 52 week high of $151.26. The company has a market capitalization of $36.73 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.58. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.19.

In related news, insider Chris Bruzzo sold 1,500 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $128.47, for a total value of $192,705.00. Following the sale, the insider now directly owns 57,964 shares of the company’s stock, valued at approximately $7,446,635.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 29,000 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $113.13, for a total transaction of $3,280,770.00. Following the completion of the sale, the chief executive officer now directly owns 20,000 shares in the company, valued at $2,262,600. The disclosure for this sale can be found here. Insiders sold a total of 128,750 shares of company stock worth $15,429,740 over the last three months. 2.24% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of EA. Kaizen Advisory LLC increased its position in shares of Electronic Arts by 159.5% during the second quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock worth $108,000 after acquiring an additional 469 shares during the period. Alpha Windward LLC purchased a new position in shares of Electronic Arts during the second quarter worth approximately $113,000. Private Capital Group LLC increased its position in shares of Electronic Arts by 781.5% during the first quarter. Private Capital Group LLC now owns 952 shares of the game software company’s stock worth $115,000 after acquiring an additional 844 shares during the period. Sun Life Financial INC increased its position in shares of Electronic Arts by 389.4% during the second quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock worth $117,000 after acquiring an additional 662 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Electronic Arts by 33,333.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,003 shares of the game software company’s stock worth $122,000 after acquiring an additional 1,000 shares during the period. 92.93% of the stock is currently owned by institutional investors.

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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