Somewhat Favorable News Coverage Somewhat Unlikely to Impact Electronic Arts (EA) Stock Price
News articles about Electronic Arts (NASDAQ:EA) have been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Electronic Arts earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned headlines about the game software company an impact score of 45.8445297427644 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Electronic Arts Inc. (EA) Holdings Increased by Norges Bank – Modern Readers (modernreaders.com)
- Today’s Research Reports on Stocks to Watch: Activision Blizzard and Electronic Arts (finance.yahoo.com)
- Electronic Arts Inc. (EA) shares of $116.96 – Stocks Gallery (stocksgallery.com)
- [$$] Mobile Games’ Most Valuable Tool: Access to You (finance.yahoo.com)
- Sumitomo Mitsui Trust Holdings, Inc. Adjusts Its Holdings in Electronic Arts Inc. (EA) Last Quarter – Modern Readers (modernreaders.com)
A number of analysts have issued reports on the company. Pacific Crest reissued an “overweight” rating and issued a $112.00 price target on shares of Electronic Arts in a research note on Wednesday, April 26th. BidaskClub lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. KeyCorp reissued a “buy” rating on shares of Electronic Arts in a research note on Sunday, July 30th. Piper Jaffray Companies decreased their price target on Electronic Arts from $119.00 to $99.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 10th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $94.00 price target on shares of Electronic Arts in a research note on Thursday, April 20th. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $115.19.
Electronic Arts (NASDAQ:EA) traded down 0.33% during midday trading on Wednesday, reaching $116.11. The company’s stock had a trading volume of 1,709,417 shares. The firm has a market capitalization of $35.88 billion, a PE ratio of 31.09 and a beta of 0.72. Electronic Arts has a 52 week low of $73.74 and a 52 week high of $120.25. The stock has a 50 day moving average of $111.69 and a 200 day moving average of $98.19.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.14 by $0.22. The firm had revenue of $775 million during the quarter, compared to analysts’ expectations of $768.47 million. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 EPS. On average, equities research analysts predict that Electronic Arts will post $4.24 earnings per share for the current fiscal year.
Electronic Arts declared that its board has approved a stock repurchase plan on Tuesday, May 9th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the game software company to buy up to 45% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In other Electronic Arts news, EVP Kenneth A. Moss sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $116.72, for a total value of $583,600.00. Following the completion of the transaction, the executive vice president now owns 99,449 shares of the company’s stock, valued at approximately $11,607,687.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Joel Linzner sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $100.34, for a total value of $1,003,400.00. Following the completion of the transaction, the executive vice president now directly owns 26,745 shares of the company’s stock, valued at approximately $2,683,593.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 336,915 shares of company stock valued at $37,032,377. Insiders own 2.55% of the company’s stock.
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About Electronic Arts
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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