Electronic Arts (NASDAQ:EA) Issues Earnings Results, Misses Expectations By $1.07 EPS

Electronic Arts (NASDAQ:EA) released its earnings results on Tuesday. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07), Zacks reports. Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%.

Electronic Arts Trading Down 1.4 %

EA traded down $1.66 during trading on Tuesday, hitting $121.25. The company’s stock had a trading volume of 7,116,564 shares, compared to its average volume of 4,248,887. Electronic Arts has a twelve month low of $115.21 and a twelve month high of $168.50. The stock has a market cap of $31.80 billion, a PE ratio of 31.17, a PEG ratio of 2.50 and a beta of 0.79. The firm’s 50 day moving average price is $146.84 and its 200-day moving average price is $147.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the completion of the transaction, the executive vice president now owns 23,360 shares in the company, valued at $3,814,688. The trade was a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $3,835,555 over the last quarter. 0.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on EA shares. Argus boosted their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, October 30th. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Friday. Finally, Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target of $156.38.

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.