TAKE-TWO INTERACTIVE SOFTWARE (TTWO) to Release Quarterly Earnings on Monday

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) will issue its quarterly earnings data after the market closes on Monday, August 3rd. Analysts expect the company to announce earnings of $1.13 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.60. The company had revenue of $729.42 million for the quarter, compared to analyst estimates of $585.27 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 13.09% and a return on equity of 18.22%. The business’s quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. On average, analysts expect TAKE-TWO INTERACTIVE SOFTWARE to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NASDAQ:TTWO opened at $164.02 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.70 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $146.46 and a 200 day simple moving average of $128.49. The firm has a market cap of $18.24 billion, a PE ratio of 43.48, a price-to-earnings-growth ratio of 6.57 and a beta of 0.58. TAKE-TWO INTERACTIVE SOFTWARE has a 12-month low of $100.00 and a 12-month high of $164.11.

A number of analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $141.00 to $146.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. MKM Partners upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $160.00 in a research note on Friday, June 12th. Stephens lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $110.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. UBS Group lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Cowen lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $139.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Ten analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $147.54.

In related news, insider Daniel P. Emerson sold 213 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $123.61, for a total value of $26,328.93. Following the completion of the sale, the insider now owns 49,925 shares of the company’s stock, valued at approximately $6,171,229.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Strauss Zelnick sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $146.09, for a total value of $5,843,600.00. The disclosure for this sale can be found here. Insiders sold a total of 145,116 shares of company stock worth $20,625,726 in the last quarter. 1.20% of the stock is owned by corporate insiders.

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 for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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