Electronic Arts Inc. (NASDAQ:EA) – SunTrust Banks reduced their FY2019 earnings per share (EPS) estimates for Electronic Arts in a research note issued on Wednesday, February 6th. SunTrust Banks analyst M. Thornton now forecasts that the game software company will post earnings of $3.13 per share for the year, down from their prior estimate of $3.92. SunTrust Banks currently has a “Buy” rating and a $105.00 target price on the stock. SunTrust Banks also issued estimates for Electronic Arts’ Q4 2019 earnings at $0.74 EPS.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.75 billion. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. Electronic Arts’s revenue was down 18.4% compared to the same quarter last year. During the same period last year, the business earned ($0.60) EPS.
NASDAQ:EA opened at $97.24 on Monday. The stock has a market cap of $29.24 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 2.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.99 and a quick ratio of 2.99. Electronic Arts has a fifty-two week low of $73.91 and a fifty-two week high of $151.26.
In related news, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $84.36, for a total transaction of $759,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Blake J. Jorgensen sold 2,617 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $85.02, for a total transaction of $222,497.34. Following the sale, the chief financial officer now owns 101,774 shares of the company’s stock, valued at $8,652,825.48. The disclosure for this sale can be found here. Insiders have sold 40,200 shares of company stock valued at $3,425,351 over the last 90 days. 2.24% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund lifted its holdings in Electronic Arts by 7,694.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,624,704 shares of the game software company’s stock valued at $33,000 after purchasing an additional 2,591,032 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Electronic Arts by 31.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,697,249 shares of the game software company’s stock valued at $1,168,422,000 after purchasing an additional 2,339,158 shares in the last quarter. Capital Research Global Investors purchased a new position in Electronic Arts during the third quarter valued at approximately $91,323,000. Brown Advisory Inc. lifted its holdings in Electronic Arts by 25.4% during the third quarter. Brown Advisory Inc. now owns 3,666,061 shares of the game software company’s stock valued at $441,724,000 after purchasing an additional 742,742 shares in the last quarter. Finally, Swedbank lifted its holdings in Electronic Arts by 38.8% during the fourth quarter. Swedbank now owns 2,488,480 shares of the game software company’s stock valued at $197,336,000 after purchasing an additional 695,183 shares in the last quarter. Institutional investors own 95.84% of the company’s stock.
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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