Electronic Arts Inc. (NASDAQ:EA) Receives Consensus “Buy” Rating From Brokerages

Electronic Arts Inc. (NASDAQ:EA – Get Rating) has earned an average “Buy” recommendation from the twenty-three brokerages that currently cover the business, MarketBeat Ratings reports. Five investment analysts gave the stock a hold rating and seventeen gave the company a buy rating. The 12-month average price target among analysts who have rated the stock over the past year is $161.81.

A number of stock analysts have commented on EA shares. TheStreet downgraded shares of Electronic Arts from a “b” rating to a “c+” rating in a research note on Tuesday, February 1. MKM Partners cut its price target on Electronic Arts shares from $172.00 to $162.00 and set a “buy” rating on the stock in a Wednesday, Feb. 2 research note. Wedbush cut its price target on Electronic Arts stock from $200.00 to $180.00 and set an “outperform” rating on the stock in a Thursday, Jan. 27 research note. Morgan Stanley cut its price target on Electronic Arts shares from $155.00 to $150.00 and set an “equal weight” rating on the stock in a Wednesday, Jan. 19 research note. Finally, Wells Fargo & Company cut its price target on Electronic Arts stock from $175.00 to $155.00 and set an “equal weight” rating on the stock in a Wednesday research note. February 2.

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In other news, insider Jacob J. Schatz sold 1,000 shares of the company in a trade on Wednesday, March 16. The shares were sold at an average price of $121.29, for a total transaction of $121,290.00. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Additionally, insider Vijayanthimala Singh sold 800 shares of the company in a trade on Tuesday, February 1. The stock was sold at an average price of $133.08, for a total transaction of $106,464.00. The disclosure of this sale can be found here. Last quarter, insiders sold 51,330 shares of the company valued at $6,677,196. 0.65% of the shares are held by insiders.

Several large investors have recently bought and sold shares of the company. Bremer Bank National Association increased its stake in Electronic Arts by 198.1% in the first quarter. Bremer Bank National Association now owns 16,526 shares of the games software company valued at $2,091,000 after acquiring an additional 10,982 shares in the last quarter. Woodstock Corp acquired a new stake in Electronic Arts in Q1 worth approximately $674,000. Diversified Trust Co increased its stake in Electronic Arts by 49.1% in the first quarter. Diversified Trust Co now owns 12,486 shares of the gaming software company valued at $1,580,000 after acquiring 4,114 additional shares in the last quarter. Telemus Capital LLC acquired a new stake in Electronic Arts in Q1 worth approximately $210,000. Finally, Psagot Value Holdings Ltd. Israel increased its stake in Electronic Arts by 19.2% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 1,699 shares of the games software company valued at $224,000 after acquiring 274 additional shares in the last quarter. 89.69% of the shares are currently held by institutional investors and hedge funds.

Shares of NASDAQ EA opened at $123.40 on Friday. The company’s 50-day simple moving average is $128.48 and its 200-day simple moving average is $131.99. Electronic Arts has a 52-week low of $117.58 and a 52-week high of $148.93. The company has a market capitalization of $34.70 billion, a price-earnings ratio of 55.59 and a beta of 0.83. The company has a quick ratio of 1.20, a current ratio of 1.20 and a leverage ratio of 0.25.

Electronic Arts (NASDAQ:EA – Get Rating) last announced its results on Tuesday, February 1. The gaming software company reported earnings per share (EPS) of $2.80 for the quarter, matching Thomson Reuters consensus estimate of $2.80. Electronic Arts achieved a net margin of 9.83% and a return on equity of 18.59%. The company posted revenue of $2.58 billion for the quarter, versus analyst estimates of $2.66 billion. In the same quarter last year, the company earned earnings per share of $2.78. The company’s revenue for the quarter increased by 7.4% compared to the same quarter last year. Equity research analysts expect Electronic Arts to post EPS of 5.48 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 23. Investors of record on Wednesday, March 9 received a dividend of $0.17. The ex-dividend date was Tuesday, March 8. This represents an annualized dividend of $0.68 and a yield of 0.55%. Electronic Arts’ dividend payout ratio (DPR) is 30.63%.

Electronic Arts Company Profile (Get an assessment)

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 in various genres, such as sports, racing, first-person shooter, action, role-playing and simulation, mainly under Battlefield, The Sims, Apex Legends, Need for Speed, and Plants vs.

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Electronic Arts Analyst Recommendations (NASDAQ: EA)

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