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.

Analysts Set New Price Targets

EA has been the topic of several research analyst reports. Robert W. Baird reduced their price objective on shares of Electronic Arts from $165.00 to $140.00 in a report on Wednesday, May 11th. The Goldman Sachs Group boosted their price objective on shares of Electronic Arts from $125.00 to $133.00 and gave the company a "neutral" rating in a report on Thursday, June 9th. Cowen reduced their price objective on shares of Electronic Arts from $180.00 to $158.00 in a report on Wednesday, May 11th. Raymond James reduced their price objective on shares of Electronic Arts from $158.00 to $150.00 in a report on Wednesday, May 11th. Finally, Stifel Nicolaus reduced their price objective on shares of Electronic Arts from $155.00 to $153.00 and set a "buy" rating on the stock in a report on Monday, July 25th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $153.91.

Electronic Arts Price Performance

EA Stock opened at $131.16 on Thursday. The business has a 50 day moving average price of $129.18 and a 200 day moving average price of $128.16. The stock has a market cap of $36.67 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 4.09 and a beta of 0.84. Electronic Arts has a fifty-two week low of $109.24 and a fifty-two week high of $147.76. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 0.25.

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). The business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.77 billion. Electronic Arts had a return on equity of 17.86% and a net margin of 12.43%. Electronic Arts's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. Equities research analysts anticipate that Electronic Arts will post 5.45 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, August 31st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend 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, insider Vijayanthimala Singh sold 800 shares of the business's stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $131.26, for a total value of $105,008.00. Following the completion of the sale, the insider now owns 29,314 shares in the company, valued at $3,847,755.64. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Chris Bruzzo sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $128.39, for a total transaction of $256,780.00. Following the completion of the sale, the insider now 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 the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the company's stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $131.26, for a total value of $105,008.00. Following the sale, the insider now owns 29,314 shares of the company's stock, valued at approximately $3,847,755.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,767 shares of company stock worth $9,256,353. 0.37% of the stock is owned by insiders.