Wedbush Estimates Electronic Arts’ Q2 Earnings (NASDAQ:EA)

Electronic Arts Inc. (NASDAQ:EA) – Wedbush upped their Q2 2027 EPS estimates for Electronic Arts in a note issued to investors on Wednesday, October 29th. Wedbush analyst A. Reese now anticipates that the game software company will post earnings of $1.65 per share for the quarter, up from their previous estimate of $1.56. Wedbush has a “Neutral” rating and a $200.00 price objective on the stock. The consensus estimate for Electronic Arts’ current full-year earnings is $4.71 per share. Wedbush also issued estimates for Electronic Arts’ Q3 2027 earnings at $3.72 EPS.

Several other equities analysts have also issued reports on the stock. HSBC lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price target on the stock. in a report on Monday, September 29th. Jefferies Financial Group lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and lifted their price target for the stock from $200.00 to $210.00 in a report on Tuesday, September 30th. Arete raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price target on the stock in a report on Tuesday, August 5th. DZ Bank lowered shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, Roth Capital lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $185.00 to $210.00 in a report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $181.64.

Electronic Arts Price Performance

NASDAQ EA opened at $200.78 on Monday. The firm’s fifty day simple moving average is $187.30 and its two-hundred day simple moving average is $165.92. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $203.75. The firm has a market capitalization of $50.24 billion, a P/E ratio of 58.71, a P/E/G ratio of 3.04 and a beta of 0.77.

Institutional Investors Weigh In On Electronic Arts

Hedge funds have recently added to or reduced their stakes in the business. Ballentine Partners LLC raised its holdings in Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after purchasing an additional 59 shares during the period. Physician Wealth Advisors Inc. raised its stake in shares of Electronic Arts by 5.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after buying an additional 59 shares during the period. Salomon & Ludwin LLC lifted its position in shares of Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after buying an additional 68 shares in the last quarter. Moody National Bank Trust Division lifted its position in shares of Electronic Arts by 1.4% during the 3rd quarter. Moody National Bank Trust Division now owns 5,125 shares of the game software company’s stock valued at $1,034,000 after buying an additional 71 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Electronic Arts by 3.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock valued at $323,000 after acquiring an additional 72 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $200.55, for a total value of $1,002,750.00. Following the sale, the chief executive officer directly owned 42,393 shares of the company’s stock, valued at approximately $8,501,916.15. This represents a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stuart Canfield sold 6,500 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares in the company, valued at approximately $1,045,476. The trade was a 55.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 39,400 shares of company stock valued at $7,359,462 in the last 90 days. 0.24% of the stock is currently owned by insiders.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio is presently 22.22%.

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.