News coverage about Electronic Arts (NASDAQ:EA) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Electronic Arts earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news stories about the game software company an impact score of 45.7883890019683 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Comparing Opower (OPWR) and Electronic Arts (EA) (americanbankingnews.com)
- Electronic Arts Inc. (EA) estimated to achieve -12.10% EPS growth for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Electronic Arts Inc. (NASDAQ:EA) – Analysts’ Report Recap – Nasdaq Journal (nasdaqjournal.com)
- Brokerages Expect Electronic Arts Inc. (EA) Will Post Quarterly Sales of $1.23 Billion (americanbankingnews.com)
- WHAT’S IN STORE FOR: Electronic Arts Inc., (NASDAQ: EA), Boston Scientific Corporation, (NYSE: BSX); – TNN (tradingnewsnow.com)
Several research firms have recently commented on EA. Vetr upgraded Electronic Arts from a “sell” rating to a “buy” rating and set a $142.00 price target on the stock in a report on Monday. Needham & Company LLC boosted their price objective on shares of Electronic Arts from $130.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Piper Jaffray Companies restated a “buy” rating and issued a $145.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. ValuEngine lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, Wedbush reiterated a “buy” rating and set a $136.00 price target on shares of Electronic Arts in a research note on Thursday, January 25th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Electronic Arts has an average rating of “Buy” and a consensus price target of $132.81.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.03. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. sell-side analysts anticipate that Electronic Arts will post 3.66 EPS for the current fiscal year.
In related news, CEO Andrew Wilson sold 9,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $108.69, for a total transaction of $978,210.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $125.97, for a total value of $1,322,685.00. Following the sale, the chief financial officer now directly owns 141,514 shares in the company, valued at approximately $17,826,518.58. The disclosure for this sale can be found here. Insiders sold 81,279 shares of company stock worth $9,809,588 in the last three months. 2.55% of the stock is owned by corporate insiders.
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About Electronic Arts
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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