TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Updates FY 2020 Earnings Guidance

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) issued an update on its FY 2020 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.75-4.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.78. The company issued revenue guidance of $2.5-2.6 billion, compared to the consensus revenue estimate of $2.95 billion.TAKE-TWO INTERACTIVE SOFTWARE also updated its FY20 guidance to $3.39-3.65 EPS.

NASDAQ:TTWO opened at $100.01 on Tuesday. The firm has a market capitalization of $11.56 billion, a P/E ratio of 57.15, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. TAKE-TWO INTERACTIVE SOFTWARE has a 12 month low of $84.41 and a 12 month high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings data on Monday, May 13th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.25). The firm had revenue of $488.40 million for the quarter, compared to analysts’ expectations of $500.86 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 28.92% and a net margin of 14.26%. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. As a group, equities analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 3.15 EPS for the current fiscal year.



Several equities analysts have issued reports on TTWO shares. Deutsche Bank started coverage on TAKE-TWO INTERACTIVE SOFTWARE in a report on Tuesday, January 22nd. They set a buy rating and a $130.00 price objective on the stock. Stephens set a $110.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a buy rating in a report on Tuesday, March 26th. Zacks Investment Research raised TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a buy rating and set a $104.00 price objective on the stock in a report on Friday, February 15th. Wedbush reissued an outperform rating and set a $119.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Thursday, February 7th. Finally, MKM Partners lowered their price target on TAKE-TWO INTERACTIVE SOFTWARE to $115.00 and set a buy rating on the stock in a report on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $131.12.

In related news, CEO Strauss Zelnick sold 144,614 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $94.05, for a total value of $13,600,946.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.07% of the stock is owned by company insiders.

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About TAKE-TWO INTERACTIVE SOFTWARE

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Earnings History and Estimates for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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