Electronic Arts - EA Stock Forecast, Price & News

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. The company licenses its games to third parties to distribute and host its games. It markets and sells its games and services through digital distribution and retail channels, as well as directly to mass market retailers, specialty stores, and distribution arrangements. Electronic Arts Inc. was incorporated in 1982 and is headquartered in Redwood City, California.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EA. Cowen reduced their price objective on Electronic Arts from $180.00 to $158.00 in a research note on Wednesday, May 11th. Sanford C. Bernstein started coverage on Electronic Arts in a research note on Friday, April 22nd. They set an "outperform" rating and a $157.00 price objective for the company. StockNews.com raised Electronic Arts from a "hold" rating to a "buy" rating in a research report on Wednesday, June 22nd. Moffett Nathanson cut Electronic Arts from a "buy" rating to a "neutral" rating and raised their target price for the stock from $141.00 to $147.00 in a research report on Friday, June 10th. Finally, Credit Suisse Group decreased their target price on Electronic Arts from $159.00 to $154.00 and set an "outperform" rating for the company in a research report on Wednesday, August 3rd. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Electronic Arts currently has an average rating of "Moderate Buy" and an average price target of $154.13.

Electronic Arts Stock Performance

EA Stock traded down $1.45 during trading on Monday, reaching $131.11. 21,711 shares of the stock were exchanged, compared to its average volume of 2,378,274. Electronic Arts has a twelve month low of $109.24 and a twelve month high of $147.76. The company has a market capitalization of $36.66 billion, a P/E ratio of 41.95, a price-to-earnings-growth ratio of 4.09 and a beta of 0.84. The stock has a 50 day simple moving average of $129.68 and a 200-day simple moving average of $128.19. The company has a current ratio of 1.24, a quick ratio of 1.18 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA - Get Rating) last released its earnings results on Tuesday, May 10th. The game software company reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.22). Electronic Arts had a return on equity of 17.86% and a net margin of 12.43%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the business earned $0.72 earnings per share. The firm's quarterly revenue was up 17.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Electronic Arts will post 5.45 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Wednesday, August 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Tuesday, August 30th. Electronic Arts's payout ratio is 24.05%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, COO Laura Miele sold 11,775 shares of Electronic Arts stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $121.93, for a total transaction of $1,435,725.75. Following the sale, the chief operating officer now directly owns 35,200 shares of the company's stock, valued at $4,291,936. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Laura Miele sold 11,775 shares of Electronic Arts stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $121.93, for a total value of $1,435,725.75. Following the completion of the transaction, the chief operating officer now owns 35,200 shares in the company, valued at $4,291,936. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Bruzzo sold 2,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $128.39, for a total transaction of $256,780.00. Following the completion of the transaction, the insider now owns 27,524 shares of the company's stock, valued at approximately $3,533,806.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,895 shares of company stock valued at $7,692,454. 0.37% of the stock is currently owned by corporate insiders.