Electronic Arts Inc. (NASDAQ:EA) to Post FY2024 Earnings of $5.34 Per Share, Roth Capital Forecasts

Electronic Arts Inc. (NASDAQ:EA) – Investment analysts at Roth Capital decreased their FY2024 earnings per share (EPS) estimates for Electronic Arts in a research report issued on Wednesday, May 1st. Roth Capital analyst E. Handler now anticipates that the game software company will post earnings per share of $5.34 for the year, down from their prior forecast of $5.43. The consensus estimate for Electronic Arts’ current full-year earnings is $5.34 per share. Roth Capital also issued estimates for Electronic Arts’ Q4 2024 earnings at $1.08 EPS and FY2025 earnings at $5.67 EPS.

A number of other equities research analysts also recently commented on EA. Stifel Nicolaus lifted their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Benchmark reaffirmed a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research note on Thursday, April 18th. UBS Group reduced their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Wedbush reaffirmed an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research report on Thursday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Tuesday, April 23rd. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.72.

Electronic Arts Trading Up 0.8 %

Shares of EA stock opened at $129.56 on Friday. Electronic Arts has a twelve month low of $117.47 and a twelve month high of $144.53. The company has a market capitalization of $34.64 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 1.72 and a beta of 0.78. The firm has a 50-day moving average price of $131.99 and a 200 day moving average price of $134.43. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25.

Insider Transactions at Electronic Arts

In other Electronic Arts news, Director Luis A. Ubinas sold 4,872 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $136.84, for a total transaction of $666,684.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Electronic Arts news, Director Luis A. Ubinas sold 4,872 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $136.84, for a total value of $666,684.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the completion of the sale, the insider now directly owns 27,883 shares of the company’s stock, valued at approximately $3,877,967.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,144 shares of company stock worth $5,087,143. 0.20% of the stock is currently owned by company insiders.

Institutional Trading of Electronic Arts

Large investors have recently bought and sold shares of the company. North Star Investment Management Corp. lifted its position in shares of Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Cape Investment Advisory Inc. increased its stake in Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new position in Electronic Arts in the 1st quarter worth $27,000. Bray Capital Advisors boosted its position in Electronic Arts by 100.0% in the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after buying an additional 110 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new stake in shares of Electronic Arts during the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 90.23% 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. 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.