Take-Two Interactive Software (NASDAQ:TTWO) Issues FY 2027 Earnings Guidance

Key Points

• Take-Two issued FY 2027 guidance for EPS of $5.75–$6.00 and revenue of $8.0–$8.2 billion. The EPS outlook is above consensus of $2.49, while the revenue forecast is below the $8.6 billion consensus estimate; Q2 EPS guidance is $0.90–$1.00.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $295.38. The stock opened at $232.47, versus a 52-week range of $187.63–$265.94.
• Insiders sold 569,936 shares worth approximately $128.4 million in the last quarter, while institutional investors and hedge funds own 95.46% of the company.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) updated its FY 2027 earnings guidance on Friday morning. The company provided earnings per share guidance of 5.750-6.000 for the period, compared to the consensus EPS estimate of 2.490. The company issued revenue guidance of $8.0 billion-$8.2 billion, compared to the consensus revenue estimate of $8.6 billion. Take-Two Interactive Software also updated its Q2 2027 guidance to 0.900-1.000 EPS.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several analyst reports. Zacks Research upgraded Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. DA Davidson reissued a "buy" rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Monday, June 15th. Benchmark restated a "buy" rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Take-Two Interactive Software in a research report on Tuesday, July 28th. Finally, Bank of America boosted their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of "Buy" and an average price target of $295.38.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $232.47 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $43.47 billion, a price-to-earnings ratio of -143.50, a price-to-earnings-growth ratio of 4.37 and a beta of 0.97. The company has a 50 day moving average price of $235.89 and a 200-day moving average price of $221.32. Take-Two Interactive Software has a 1-year low of $187.63 and a 1-year high of $265.94.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, President Karl Slatoff sold 40,358 shares of Take-Two Interactive Software stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total value of $8,720,960.22. Following the completion of the transaction, the president owned 40,358 shares of the company's stock, valued at approximately $8,720,960.22. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the company's stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the completion of the transaction, the director owned 21,868 shares of the company's stock, valued at approximately $5,349,131.48. This trade represents a 2.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 569,936 shares of company stock valued at $128,431,438 in the last quarter. 1.12% of the stock is currently owned by insiders.

Institutional Trading of Take-Two Interactive Software

Several institutional investors have recently bought and sold shares of the business. UMB Bank n.a. grew its position in shares of Take-Two Interactive Software by 12.4% in the fourth quarter. UMB Bank n.a. now owns 535 shares of the company's stock valued at $137,000 after purchasing an additional 59 shares in the last quarter. Greenline Wealth Management LLC acquired a new position in Take-Two Interactive Software during the fourth quarter worth $141,000. Johnson Financial Group Inc. grew its holdings in Take-Two Interactive Software by 12.7% in the 4th quarter. Johnson Financial Group Inc. now owns 594 shares of the company's stock valued at $152,000 after buying an additional 67 shares in the last quarter. Moneta Group Investment Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter worth $209,000. Finally, Equitable Holdings Inc. purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter worth $212,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two's publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source