Electronic Arts (NASDAQ:EA) Issues Q1 Earnings Guidance

Electronic Arts (NASDAQ:EA) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.73-0.90 for the period, compared to the consensus EPS estimate of $0.81. The company issued revenue guidance of $1.15-1.25 billion, compared to the consensus revenue estimate of $1.43 billion. Electronic Arts also updated its FY25 guidance to $3.34-4.00 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EA shares. Robert W. Baird decreased their price objective on Electronic Arts from $160.00 to $150.00 and set an outperform rating on the stock in a research report on Wednesday. Stifel Nicolaus boosted their target price on Electronic Arts from $152.00 to $155.00 and gave the stock a buy rating in a research report on Thursday, January 18th. Wedbush restated an outperform rating and set a $162.00 target price on shares of Electronic Arts in a research report on Wednesday. Roth Mkm decreased their price objective on Electronic Arts from $140.00 to $135.00 and set a neutral rating for the company in a research report on Wednesday, May 1st. Finally, StockNews.com lowered Electronic Arts from a strong-buy rating to a buy rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $146.61.

Electronic Arts Stock Performance

Electronic Arts stock traded up $0.06 during trading on Friday, hitting $127.18. The stock had a trading volume of 591,405 shares, compared to its average volume of 2,010,716. Electronic Arts has a 1 year low of $117.47 and a 1 year high of $144.53. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $131.02 and its two-hundred day moving average is $134.40. The stock has a market cap of $34.00 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Wednesday, May 29th. Electronic Arts’s payout ratio is 19.14%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $142.39, for a total value of $355,975.00. Following the transaction, the chief executive officer now owns 28,430 shares in the company, valued at $4,048,147.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $139.08, for a total value of $111,264.00. Following the sale, the insider now owns 27,883 shares in the company, valued at $3,877,967.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the transaction, the chief executive officer now directly owns 28,430 shares in the company, valued at $4,048,147.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,272 shares of company stock valued at $4,420,459. 0.20% of the stock is currently owned by corporate insiders.

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. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.