Electronic Arts Inc. (NASDAQ:EA) Forecasted to Post Q2 2021 Earnings of $0.09 Per Share

Electronic Arts Inc. (NASDAQ:EA) – Stock analysts at KeyCorp reduced their Q2 2021 earnings per share (EPS) estimates for shares of Electronic Arts in a research report issued on Wednesday, July 22nd. KeyCorp analyst T. Parker now expects that the game software company will earn $0.09 per share for the quarter, down from their prior forecast of $0.75. KeyCorp also issued estimates for Electronic Arts’ Q3 2021 earnings at $2.65 EPS, FY2021 earnings at $3.90 EPS and Q1 2022 earnings at $0.23 EPS.

Several other research analysts also recently weighed in on EA. Wedbush boosted their price target on Electronic Arts from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. MKM Partners boosted their price target on Electronic Arts from $130.00 to $144.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Stephens boosted their price target on Electronic Arts from $130.00 to $145.00 in a report on Friday, June 26th. Benchmark boosted their price target on Electronic Arts from $143.00 to $151.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $154.00 price target (up from $130.00) on shares of Electronic Arts in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $133.69.

EA stock opened at $134.78 on Monday. Electronic Arts has a 1 year low of $85.69 and a 1 year high of $142.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.45 and a current ratio of 2.45. The stock’s 50 day moving average price is $132.63 and its 200 day moving average price is $115.24. The firm has a market cap of $38.91 billion, a P/E ratio of 13.15, a PEG ratio of 4.74 and a beta of 0.94.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, May 5th. The game software company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.36. Electronic Arts had a return on equity of 16.79% and a net margin of 54.88%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion.

Several hedge funds have recently modified their holdings of the company. Financial Management Professionals Inc. lifted its position in shares of Electronic Arts by 18.8% during the second quarter. Financial Management Professionals Inc. now owns 475 shares of the game software company’s stock worth $63,000 after purchasing an additional 75 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in Electronic Arts by 2.4% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 3,801 shares of the game software company’s stock worth $502,000 after acquiring an additional 88 shares during the last quarter. D.B. Root & Company LLC lifted its holdings in Electronic Arts by 1.9% in the first quarter. D.B. Root & Company LLC now owns 4,945 shares of the game software company’s stock worth $495,000 after acquiring an additional 90 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in Electronic Arts by 5.3% in the first quarter. GHP Investment Advisors Inc. now owns 2,000 shares of the game software company’s stock worth $200,000 after acquiring an additional 100 shares during the last quarter. Finally, Insight 2811 Inc. lifted its holdings in Electronic Arts by 4.9% in the second quarter. Insight 2811 Inc. now owns 2,413 shares of the game software company’s stock worth $334,000 after acquiring an additional 113 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors and hedge funds.

In other Electronic Arts news, CEO Andrew Wilson sold 20,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $113.15, for a total value of $2,263,000.00. Following the completion of the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $2,263,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Chris Bruzzo sold 2,500 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $112.80, for a total transaction of $282,000.00. Following the completion of the transaction, the chief marketing officer now directly owns 19,425 shares of the company’s stock, valued at $2,191,140. The disclosure for this sale can be found here. Over the last quarter, insiders sold 202,067 shares of company stock valued at $23,676,534. 0.92% of the stock is owned by insiders.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Earnings History and Estimates for Electronic Arts (NASDAQ:EA)

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