Electronic Arts (EA) Issues FY19 Earnings Guidance

Electronic Arts (NASDAQ:EA) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.51. The company issued revenue guidance of $5.2 billion, compared to the consensus revenue estimate of $5.24 billion.Electronic Arts also updated its FY 2019 guidance to $4.50-4.50 EPS.

EA traded down $3.87 during trading on Wednesday, hitting $90.96. The company’s stock had a trading volume of 16,083,414 shares, compared to its average volume of 4,970,090. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.84 and a current ratio of 3.84. The company has a market capitalization of $29.33 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.56 and a beta of 0.58. Electronic Arts has a twelve month low of $89.12 and a twelve month high of $151.26.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.46. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Electronic Arts had a return on equity of 25.31% and a net margin of 14.30%. Electronic Arts’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 EPS. As a group, equities research analysts forecast that Electronic Arts will post 3.89 earnings per share for the current fiscal year.



EA has been the subject of several analyst reports. Zacks Investment Research downgraded Electronic Arts from a hold rating to a sell rating in a report on Wednesday, September 26th. Barclays set a $132.00 price target on Electronic Arts and gave the company a buy rating in a report on Wednesday, September 5th. Piper Jaffray Companies dropped their price objective on Electronic Arts from $165.00 to $148.00 and set an overweight rating for the company in a report on Thursday, August 30th. BidaskClub upgraded Electronic Arts from a sell rating to a hold rating in a report on Friday, September 28th. Finally, Needham & Company LLC dropped their price objective on Electronic Arts from $170.00 to $150.00 and set a buy rating for the company in a report on Friday, August 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Electronic Arts presently has a consensus rating of Buy and an average price target of $135.96.

In other Electronic Arts news, insider Chris Bruzzo sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $113.10, for a total value of $169,650.00. Following the completion of the transaction, the insider now directly owns 56,776 shares of the company’s stock, valued at approximately $6,421,365.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 29,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $113.13, for a total transaction of $3,280,770.00. Following the completion of the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $2,262,600. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,250 shares of company stock valued at $12,624,655. 2.24% of the stock is owned by corporate insiders.

About Electronic Arts

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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