Activision Blizzard (NASDAQ:ATVI) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.58-2.58 for the period, compared to the Thomson Reuters consensus estimate of $2.64. The company issued revenue guidance of $7.475-7.475 billion, compared to the consensus revenue estimate of $7.48 billion.Activision Blizzard also updated its Q4 guidance to $0.43 EPS.
Shares of NASDAQ:ATVI opened at $55.01 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.98 and a quick ratio of 2.96. The firm has a market capitalization of $49.63 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.73 and a beta of 1.11. Activision Blizzard has a 12-month low of $53.50 and a 12-month high of $84.68.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.66 billion. Activision Blizzard had a return on equity of 16.39% and a net margin of 6.96%. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. Equities research analysts predict that Activision Blizzard will post 2.49 earnings per share for the current year.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $68.70, for a total transaction of $1,357,580.70. Following the completion of the transaction, the chief executive officer now owns 20,324 shares of the company’s stock, valued at $1,396,258.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.29% of the stock is owned by insiders.
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About Activision Blizzard
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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