Roth Capital Equities Analysts Reduce Earnings Estimates for Electronic Arts Inc. (NASDAQ:EA)

Electronic Arts Inc. (NASDAQ:EA - Free Report) - Research analysts at Roth Capital reduced their FY2024 earnings per share estimates for Electronic Arts in a report released on Wednesday, May 1st. Roth Capital analyst E. Handler now expects that the game software company will post earnings of $5.34 per share for the year, down from their previous forecast of $5.43. The consensus estimate for Electronic Arts' current full-year earnings is $5.35 per share. Roth Capital also issued estimates for Electronic Arts' Q4 2024 earnings at $1.08 EPS and FY2025 earnings at $5.67 EPS.

A number of other research analysts have also recently issued reports on EA. Benchmark reaffirmed a "buy" rating and issued a $153.00 price target on shares of Electronic Arts in a report on Thursday, April 18th. BMO Capital Markets began coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They set an "outperform" rating and a $160.00 price target on the stock. Oppenheimer restated an "outperform" rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Tuesday, April 23rd. Wedbush restated an "outperform" rating and set a $162.00 target price on shares of Electronic Arts in a research report on Thursday. Finally, Stifel Nicolaus raised their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 18th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $146.72.

Electronic Arts Price Performance

EA stock traded up $1.06 during trading on Friday, hitting $129.56. 1,650,172 shares of the stock traded hands, compared to its average volume of 1,975,562. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a market cap of $34.64 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 1.71 and a beta of 0.78. Electronic Arts has a one year low of $117.47 and a one year high of $144.53. The company has a 50 day simple moving average of $132.25 and a 200 day simple moving average of $134.44.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the company posted $2.29 earnings per share. The company's quarterly revenue was up 1.0% on a year-over-year basis.

Institutional Investors Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its stake in shares of Electronic Arts by 4.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 40,542 shares of the game software company's stock worth $4,881,000 after buying an additional 1,711 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Electronic Arts by 25.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 12,990 shares of the game software company's stock valued at $1,564,000 after purchasing an additional 2,603 shares during the last quarter. Xponance Inc. lifted its stake in shares of Electronic Arts by 2.5% in the 3rd quarter. Xponance Inc. now owns 33,230 shares of the game software company's stock worth $4,001,000 after purchasing an additional 799 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Electronic Arts by 4.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,988 shares of the game software company's stock worth $3,370,000 after buying an additional 1,255 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its position in Electronic Arts by 24.6% during the third quarter. Simon Quick Advisors LLC now owns 2,054 shares of the game software company's stock valued at $247,000 after buying an additional 406 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Transactions at Electronic Arts

In other news, insider Jacob J. Schatz sold 1,000 shares of the business's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now owns 20,258 shares of the company's stock, valued at approximately $2,901,755.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Vijayanthimala Singh sold 800 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $139.08, for a total transaction of $111,264.00. Following the transaction, 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 through this link. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the sale, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The disclosure for this sale can be found here. In the last three months, insiders sold 37,144 shares of company stock worth $5,087,143. 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.