Media headlines about Electronic Arts (NASDAQ:EA) have trended somewhat positive on Wednesday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Electronic Arts earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the game software company an impact score of 45.7732684992377 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Swings under Short-Term Obligation: Electronic Arts Inc. (NASDAQ:EA) – Stock News Stop (stockmarketstop.com)
- Activision Blizzard Buoyant over Initial Success of Overwatch League (finance.yahoo.com)
- 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)
Several research firms have recently weighed in on EA. KeyCorp increased their price objective on Electronic Arts from $134.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Vetr downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price target for the company. in a report on Monday, December 18th. Buckingham Research set a $143.00 price target on Electronic Arts and gave the stock a “buy” rating in a report on Sunday, November 19th. Robert W. Baird increased their price target on Electronic Arts from $130.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, Barclays increased their price target on Electronic Arts from $127.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $132.81.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.03. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.02 billion. sell-side analysts anticipate that Electronic Arts will post 3.66 EPS for the current fiscal year.
In other news, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $107.50, for a total value of $107,500.00. Following the completion of the transaction, the senior vice president now owns 18,950 shares in the company, valued at $2,037,125. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total value of $1,184,925.00. Following the completion of the transaction, the chief financial officer now owns 159,114 shares of the company’s stock, valued at approximately $17,956,014.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,279 shares of company stock valued at $9,809,588. Company insiders own 2.55% of the company’s stock.
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Electronic Arts Company Profile
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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