Electronic Arts (EA) to Release Earnings on Tuesday

Electronic Arts (NASDAQ:EAGet Rating) is scheduled to release its earnings data after the market closes on Tuesday, January 31st. Analysts expect Electronic Arts to post earnings of $2.62 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Electronic Arts (NASDAQ:EAGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The game software company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Electronic Arts had a return on equity of 16.42% and a net margin of 12.37%. On average, analysts expect Electronic Arts to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Electronic Arts Stock Up 0.1 %

EA traded up $0.08 during midday trading on Tuesday, reaching $127.49. The company’s stock had a trading volume of 1,300,133 shares, compared to its average volume of 1,886,442. The firm has a market capitalization of $35.20 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 2.00 and a beta of 0.88. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.24. Electronic Arts has a 1 year low of $109.24 and a 1 year high of $142.79. The stock’s 50-day moving average is $125.53 and its 200-day moving average is $125.95.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 21st. Stockholders of record on Wednesday, November 30th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. Electronic Arts’s dividend payout ratio is presently 23.68%.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $131.83, for a total value of $105,464.00. Following the transaction, the insider now owns 26,955 shares of the company’s stock, valued at approximately $3,553,477.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $131.83, for a total value of $105,464.00. Following the transaction, the insider now owns 26,955 shares of the company’s stock, valued at approximately $3,553,477.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Laura Miele sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $131.83, for a total transaction of $197,745.00. Following the completion of the transaction, the chief operating officer now directly owns 32,582 shares in the company, valued at approximately $4,295,285.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,785 shares of company stock valued at $4,550,770. Company insiders own 0.37% of the company’s stock.

Institutional Trading of Electronic Arts

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in Electronic Arts by 471.2% during the 1st quarter. Renaissance Technologies LLC now owns 578,064 shares of the game software company’s stock valued at $73,131,000 after acquiring an additional 476,864 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Electronic Arts by 17.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,477,597 shares of the game software company’s stock valued at $170,973,000 after acquiring an additional 215,899 shares during the period. Lazard Asset Management LLC lifted its stake in Electronic Arts by 17.6% during the 1st quarter. Lazard Asset Management LLC now owns 1,283,292 shares of the game software company’s stock valued at $162,347,000 after acquiring an additional 192,402 shares during the period. Vanguard Group Inc. lifted its stake in Electronic Arts by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 21,802,596 shares of the game software company’s stock valued at $2,758,246,000 after acquiring an additional 149,746 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its stake in Electronic Arts by 6,747.0% during the 1st quarter. Worldquant Millennium Advisors LLC now owns 123,451 shares of the game software company’s stock valued at $15,618,000 after acquiring an additional 121,648 shares during the period. Hedge funds and other institutional investors own 89.46% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the topic of several recent research reports. Truist Financial decreased their price target on shares of Electronic Arts from $154.00 to $150.00 in a research report on Monday, November 28th. Morgan Stanley decreased their price target on shares of Electronic Arts from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 18th. Ascendiant Capital Markets decreased their price target on shares of Electronic Arts from $156.00 to $152.00 and set a “buy” rating on the stock in a research report on Monday, December 19th. Wedbush decreased their price target on shares of Electronic Arts from $170.00 to $164.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 2nd. Finally, StockNews.com downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 18th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.95.

About Electronic Arts

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Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.

Further Reading

Earnings History for Electronic Arts (NASDAQ:EA)

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