Zacks: Brokerages Anticipate TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) to Announce $1.65 EPS

Equities research analysts expect TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) to report earnings per share of $1.65 for the current quarter, Zacks reports. Eighteen analysts have made estimates for TAKE-TWO INTERACTIVE SOFTWARE’s earnings, with the highest EPS estimate coming in at $2.06 and the lowest estimate coming in at $1.44. TAKE-TWO INTERACTIVE SOFTWARE posted earnings of $1.05 per share during the same quarter last year, which indicates a positive year over year growth rate of 57.1%. The business is expected to report its next quarterly earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will report full-year earnings of $4.63 per share for the current year, with EPS estimates ranging from $4.35 to $5.40. For the next financial year, analysts forecast that the firm will report earnings of $4.90 per share, with EPS estimates ranging from $4.28 to $5.88. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover TAKE-TWO INTERACTIVE SOFTWARE.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its earnings results on Monday, August 5th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.14. The business had revenue of $422.24 million during the quarter, compared to analyst estimates of $356.65 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.93% and a return on equity of 23.95%. The company’s quarterly revenue was up 46.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 EPS.



A number of equities research analysts have weighed in on TTWO shares. Morgan Stanley boosted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Stephens reiterated an “overweight” rating and set a $120.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, July 17th. Benchmark boosted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Barclays boosted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $113.00 to $124.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Finally, BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $132.43.

In related news, CEO Strauss Zelnick sold 20,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $130.18, for a total value of $2,603,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Sheresky sold 226 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $126.89, for a total transaction of $28,677.14. Following the completion of the transaction, the director now directly owns 70,137 shares of the company’s stock, valued at approximately $8,899,683.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,726 shares of company stock valued at $3,202,742. Insiders own 1.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of TTWO. Geode Capital Management LLC boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 1,548,646 shares of the company’s stock worth $159,151,000 after buying an additional 141,833 shares during the period. Janney Montgomery Scott LLC boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 3.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,661 shares of the company’s stock worth $723,000 after buying an additional 229 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 6.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,616 shares of the company’s stock worth $624,000 after buying an additional 404 shares during the period. TD Asset Management Inc. boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 123.9% in the 1st quarter. TD Asset Management Inc. now owns 100,859 shares of the company’s stock worth $9,518,000 after buying an additional 55,818 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 2.2% in the 1st quarter. New York State Common Retirement Fund now owns 225,630 shares of the company’s stock worth $21,293,000 after buying an additional 4,930 shares during the period. 92.06% of the stock is owned by institutional investors.

TTWO traded down $0.65 during mid-day trading on Thursday, reaching $125.08. 1,335,424 shares of the company traded hands, compared to its average volume of 2,101,549. The stock has a market capitalization of $14.19 billion, a P/E ratio of 32.24, a P/E/G ratio of 3.80 and a beta of 0.77. The company has a quick ratio of 1.44, a current ratio of 1.45 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average price is $129.07 and its 200-day moving average price is $110.86. TAKE-TWO INTERACTIVE SOFTWARE has a 52-week low of $84.41 and a 52-week high of $139.91.

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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