Electronic Arts Inc. Setting The Table For Earnings

Adjust Comment Print

The shares were sold at an average price of $86.96, for a total value of $695,680.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Depending on the earnings numbers reported, Electronic Arts Inc. (NASDAQ:EFII) traded up 0.09% during mid-day trading on Tuesday, reaching $45.99. The stock traded with the volume of 5.18 Million shares in the last trading session.

The stock added in the prior trading session by 12.65%, closing at the stock price of $108.16.

Revenue of $1.092bn (+18%) was essentially in line with Street projections, while EPS of $0.85 (+68%) outpaced consensus of $0.75.

Now we look at the Moving Averages, the 200-day is 15.16, the 50-day is 6.33 and the 20-day is 4.

Electronic Arts Inc. (EA) is now showing its ROA (Return on Assets) of 18.4%. The decline was largely attributable to an income tax credit in last year's quarter. During the same quarter in the previous year, the firm earned $0.50 EPS. Finally, ProVise Management Group LLC increased its position in shares of Electronic Arts by 1.3% in the first quarter.

In recent action, Electronic Arts Inc.


There were some analysts that maintained Neutral and Hold ratings, but those were generally due to performance previously taking shares above their price targets. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the stock. Cibc World Markets Corp increased its position in shares of Electronic Arts by 51.7% in the first quarter. Strs Ohio now owns 2,300 shares of the technology company's stock worth $112,000 after buying an additional 1,100 shares during the last quarter. DnB Asset Management AS now owns 25,684 shares of the game software company's stock valued at $2,193,000 after buying an additional 2,100 shares in the last quarter. Can boosted its stake in Electronic Arts by 1.6% in the third quarter.

In related news, CEO Andrew Wilson sold 8,000 shares of the stock in a transaction that occurred on Wednesday, March 1st.

Electronic Arts Inc. (EA) now has a Return on Assets (ROA) value of 18.4 Percent.

Further, strategic partnerships are likely to push EA stock's results for the quarter, especially with the likes of Real Racing 3 with its FIA Formula E Championship. Zacks Investment Research cut shares of Electronic Arts from a buy rating to a hold rating in a research report on Tuesday, January 17th. Vetr upgraded Electronic Arts from a "strong sell" rating to a "buy" rating and set a $94.20 price target for the company in a research note on Wednesday, April 12th. They now have a Dollars 104 price target on the stock.

The current ratio for Electronic Arts Inc. The company was in the middle of a major turnaround effort after reporting losses on the bottom line for several years. Our great team is comprised of individuals with great backgrounds from various disciplines and businesses. Petro Global News 24 is not a registered investment broker/dealer. That's more than enough reason to keep the publisher motivated enough to produce some new content for the game.

Information: Some good piece of information for you. From online reports and news to your broker's analysis. Always invest in companies with simple workings. A beta of less than 1 means that the security will be less volatile than the market. You never know when the trend is a rise or a slide. Here's why investors should lower their expectations. It's unwise to time the market for just like gambling, the house always wins. The stock's current RSI reading is at 76.45. Economic growth: Higher economic growth or better prospects for growth will help firms be more profitable because there will be more demand for goods and services. The company projects earnings per share of $1.93. Lower interest rates: Lower interest rates can make shares more attractive for two reasons. "Outperform View" rating was revealed by 8 and "Underperform Signal" rating was issued by 0. Stability: Stock markets dislike shocks that could threaten economic stability and future growth.

Comments