TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) released its quarterly earnings data on Thursday. The company reported $2.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.78, Fidelity Earnings reports. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.93% and a return on equity of 23.95%. The firm had revenue of $950.50 million during the quarter, compared to analysts’ expectations of $926.91 million. During the same period in the previous year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was up 62.9% compared to the same quarter last year. TAKE-TWO INTERACTIVE SOFTWARE updated its Q3 guidance to $1.39-1.49 EPS and its FY20 guidance to $3.38-3.63 EPS.
TTWO stock traded up $0.05 during midday trading on Friday, reaching $116.96. The company had a trading volume of 3,429,400 shares, compared to its average volume of 1,983,688. The company has a market capitalization of $13.27 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 4.36 and a beta of 0.72. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.45 and a quick ratio of 1.44. The stock has a 50 day moving average price of $122.65 and a 200-day moving average price of $117.44. TAKE-TWO INTERACTIVE SOFTWARE has a 1-year low of $84.41 and a 1-year high of $135.70.
In other news, Director Michael Sheresky sold 226 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $126.89, for a total transaction of $28,677.14. Following the sale, the director now directly owns 70,137 shares in the company, valued at $8,899,683.93. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 4,500 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $126.77, for a total value of $570,465.00. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
A number of equities analysts have commented on TTWO shares. Barclays reaffirmed a “buy” rating and set a $142.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, October 22nd. MKM Partners lifted their target price on TAKE-TWO INTERACTIVE SOFTWARE from $136.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Bank of America reissued a “buy” rating and set a $144.00 target price (up previously from $133.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday, August 21st. Jefferies Financial Group lifted their target price on TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $125.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. They noted that the move was a valuation call. Finally, BidaskClub downgraded TAKE-TWO INTERACTIVE SOFTWARE from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE has a consensus rating of “Buy” and a consensus target price of $132.22.
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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