Electronic Arts (NASDAQ:EA) issued its quarterly earnings results on Monday. The game software company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18, Fidelity Earnings reports. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.39 billion. Electronic Arts had a net margin of 23.51% and a return on equity of 17.85%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 EPS.
Electronic Arts stock traded down $1.74 during mid-day trading on Wednesday, hitting $139.62. 294,417 shares of the company traded hands, compared to its average volume of 2,656,283. Electronic Arts has a one year low of $110.15 and a one year high of $150.30. The stock has a market cap of $40.16 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 2.83 and a beta of 0.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.75 and a current ratio of 2.75. The stock has a fifty day moving average price of $139.59 and a 200-day moving average price of $135.86.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 23rd. Shareholders of record on Wednesday, June 2nd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.49%. Electronic Arts’s payout ratio is presently 14.29%.
Several research analysts have recently weighed in on EA shares. Credit Suisse Group boosted their price objective on shares of Electronic Arts from $160.00 to $167.00 and gave the stock an “outperform” rating in a research note on Monday. Truist boosted their price objective on shares of Electronic Arts from $138.00 to $156.00 in a research note on Tuesday, February 2nd. The Goldman Sachs Group raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $170.00 target price for the company in a report on Sunday, January 24th. Wedbush lifted their target price on shares of Electronic Arts from $162.50 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. Finally, Raymond James began coverage on shares of Electronic Arts in a report on Wednesday, February 3rd. They set an “outperform” rating and a $164.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $156.29.
Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and Plants v.
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