Electronic Arts Inc. (NASDAQ:EA – Get Rating) received an average “Buy” recommendation from the twenty-six rating agencies that currently cover the company, MarketBeat reports. Four investment analysts gave the stock a hold rating and twelve gave the company a buy rating. The average 1-year price target among brokerages that have covered the stock over the past year is $155.54.
A number of research companies have weighed in on EA recently. Barclays lowered its price target on Electronic Arts shares from $152.00 to $127.00 and set an “equal weight” rating on the stock in a Wednesday, Feb. 2 research note. TheStreet took shares of Electronic Arts from a “c+” rating to a “b” rating in a Friday, May 20 research note. Sanford C. Bernstein assumed coverage for Electronic Arts stocks in a Friday, April 22 research note. They set an “outperform” rating and a price target of $157.00 on the stock. Cowen reduced his price target on Electronic Arts shares from $180.00 to $158.00 in a Wednesday, May 11 research note. Finally, Wells Fargo & Company lowered its price target on Electronic Arts shares from $155.00 to $145.00 in a Wednesday, May 11 research note.
In other news, CEO Andrew Wilson sold 10,000 shares of Electronic Arts in a trade dated Monday, February 28. The shares were sold at an average price of $130.16, for a total value of $1,301,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, insider Vijayanthimala Singh sold 800 shares of Electronic Arts in a trade dated Tuesday, March 1. The shares were sold at an average price of $130.55, for a total transaction of $104,440.00. The disclosure of this sale can be found here. Insiders have sold 49,756 shares of the company valued at $6,313,906 in the past three months. 0.65% of the shares are held by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of EA. Ninety One UK Ltd increased its stake in Electronic Arts by 2.6% in the first quarter. Ninety One UK Ltd now owns 4,313,726 shares in the games software company worth $545,729,000 after buying an additional 107,266 shares last quarter. Midwest Wealth Management Inc. increased its stake in Electronic Arts by 8.8% in the 1st quarter. Midwest Wealth Management Inc. now owns 13,287 shares of the gaming software company worth $1,681,000 after buying 1,078 additional shares last quarter. EverSource Wealth Advisors LLC increased its stake in Electronic Arts by 255.1% in Q1. EverSource Wealth Advisors LLC now owns 490 shares of the gaming software company worth $62,000 after buying 352 additional shares in the last quarter. First National Bank of Omaha acquired a new stake in Electronic Arts in Q1 for approximately $5,348,000. Finally, Advisory Services Network LLC increased its stake in Electronic Arts by 11.2% in the 1st quarter. Advisory Services Network LLC now owns 3,406 shares of the gaming software company worth $431,000 after buying 343 additional shares in the last quarter. Institutional investors hold 89.28% of the company’s shares.
Electronic Arts shares opened at $138.53 on Friday. The company has a market capitalization of $38.96 billion, a price/earnings ratio of 50.19, a P/E/G ratio of 2.10 and a beta of 0.83. The company has a debt ratio of 0.25, a current ratio of 1.18 and a quick ratio of 1.20. Electronic Arts has a fifty-two week low of $109.24 and a fifty-two week high of $148.93. The company has a fifty-day moving average price of $125.33 and a two-hundred-day moving average price of $128.76.
Electronic Arts (NASDAQ:EA – Get Rating) last released its results on Tuesday, May 10. The gaming software company reported earnings per share of $0.82 for the quarter, missing analyst consensus estimates of $1.04 per ($0.22). The company posted revenue of $1.75 billion for the quarter, compared to analysts’ estimates of $1.77 billion. Electronic Arts achieved a return on equity of 18.99% and a net margin of 11.29%. The company’s revenue increased 17.5% year over year. During the same period of the previous year, the company achieved EPS of $0.72. As a group, sell-side analysts expect Electronic Arts to post earnings per share of 5.53 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 22. Shareholders of record on Wednesday, June 8 will receive a dividend of $0.19 per share. This is an increase from Electronic Arts’ previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, June 7. This represents an annualized dividend of $0.76 and a dividend yield of 0.55%. Electronic Arts’ dividend payout ratio is currently 24.64%.
Electronic Arts Company Profile (Get a rating)
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 in various genres, such as sports, racing, first-person shooter, action, role-playing and simulation, mainly under Battlefield, The Sims, Apex Legends, Need for Speed, and Plants vs.
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