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.

Electronic Arts Price Performance

EA opened at $129.28 on Wednesday. The company has a market capitalization of $36.15 billion, a price-to-earnings ratio of 40.91, a PEG ratio of 4.09 and a beta of 0.84. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $129.35 and a 200-day moving average price of $128.14. Electronic Arts has a twelve month low of $109.24 and a twelve month high of $147.76.

Electronic Arts (NASDAQ:EA - Get Rating) last posted its earnings results on Tuesday, May 10th. The game software company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.22). Electronic Arts had a return on equity of 17.86% and a net margin of 12.43%. The business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the previous year, the business earned $0.72 EPS. Electronic Arts's revenue for the quarter was up 17.5% on a year-over-year basis. Equities analysts expect that Electronic Arts will post 5.45 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, August 31st will be given a $0.19 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.59%. Electronic Arts's dividend payout ratio (DPR) is currently 24.05%.

Analysts Set New Price Targets

Several brokerages have recently commented on EA. Cowen lowered their target price on shares of Electronic Arts from $180.00 to $158.00 in a report on Wednesday, May 11th. Credit Suisse Group lowered their target price on shares of Electronic Arts from $159.00 to $154.00 and set an "outperform" rating for the company in a report on Wednesday, August 3rd. Barclays increased their target price on shares of Electronic Arts from $114.00 to $125.00 and gave the company an "equal weight" rating in a report on Tuesday, July 19th. TheStreet upgraded shares of Electronic Arts from a "c+" rating to a "b" rating in a report on Friday, May 20th. Finally, Wedbush lowered their target price on shares of Electronic Arts from $180.00 to $164.00 in a report on Wednesday, May 11th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of "Moderate Buy" and a consensus target price of $153.91.

Insider Activity

In other news, insider Chris Bruzzo sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $128.39, for a total value of $256,780.00. Following the completion of the transaction, the insider now directly owns 27,524 shares in the company, valued at $3,533,806.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Electronic Arts news, Director Richard A. Simonson sold 11,872 shares of Electronic Arts stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $131.73, for a total transaction of $1,563,898.56. Following the completion of the sale, the director now directly owns 66,283 shares in the company, valued at $8,731,459.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 sale, the insider now owns 27,524 shares of the company's stock, valued at $3,533,806.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,767 shares of company stock worth $9,256,353. 0.37% of the stock is owned by company insiders.