Activision Blizzard (NASDAQ:ATVI) will be posting its quarterly earnings results after the market closes on Tuesday, August 4th. Analysts expect Activision Blizzard to post earnings of $0.61 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Tuesday, May 5th. The company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.20. Activision Blizzard had a return on equity of 14.57% and a net margin of 24.21%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company posted $0.58 EPS. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, analysts expect Activision Blizzard to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NASDAQ ATVI opened at $82.63 on Friday. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.21. Activision Blizzard has a 12 month low of $44.91 and a 12 month high of $83.45. The stock has a 50 day moving average of $77.75 and a 200-day moving average of $67.08. The company has a market capitalization of $63.66 billion, a P/E ratio of 40.91, a P/E/G ratio of 1.98 and a beta of 0.61.
In other Activision Blizzard news, insider Collister Johnson sold 24,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $72.31, for a total value of $1,735,440.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian G. Kelly sold 250,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $72.42, for a total value of $18,105,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 324,000 shares of company stock worth $23,504,440. Corporate insiders own 1.29% of the company’s stock.
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. It 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.
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