Activision Blizzard (ATVI) Releases FY 2018 Earnings Guidance

Share on StockTwits

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.

A number of analysts recently issued reports on ATVI shares. BidaskClub lowered shares of Activision Blizzard from a strong-buy rating to a buy rating in a research note on Wednesday, July 25th. Needham & Company LLC lifted their price target on shares of Activision Blizzard from $80.00 to $90.00 and gave the stock a buy rating in a research note on Tuesday, July 31st. Wedbush set a $81.00 price target on shares of Activision Blizzard and gave the stock a buy rating in a research note on Thursday, July 26th. Argus reiterated a buy rating and set a $90.00 target price (up previously from $81.00) on shares of Activision Blizzard in a research note on Friday, September 21st. Finally, BTIG Research boosted their target price on shares of Activision Blizzard from $80.00 to $88.00 and gave the company a buy rating in a research note on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Activision Blizzard has a consensus rating of Buy and an average target price of $77.62.

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.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by BBNS and is the sole property of of BBNS. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://baseballnewssource.com/2018/11/10/activision-blizzard-atvi-releases-fy-2018-earnings-guidance/2972874.html.

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.

Further Reading: What does relative strength index mean?

Earnings History and Estimates for Activision Blizzard (NASDAQ:ATVI)

Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.