Wall Street brokerages forecast that Take-Two Interactive Software, Inc. (NASDAQ:TTWO) will announce $512.94 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Take-Two Interactive Software’s earnings. The lowest sales estimate is $491.60 million and the highest is $521.10 million. Take-Two Interactive Software reported sales of $420.17 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.1%. The company is expected to issue its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Take-Two Interactive Software will report full-year sales of $512.94 million for the current fiscal year, with estimates ranging from $1.72 billion to $1.82 billion. For the next fiscal year, analysts expect that the business will post sales of $2.70 billion per share, with estimates ranging from $2.51 billion to $3.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Take-Two Interactive Software.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.25. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The business had revenue of $348.30 million for the quarter, compared to the consensus estimate of $280.70 million. During the same quarter in the prior year, the business posted ($0.21) EPS. The business’s revenue for the quarter was up 27.8% on a year-over-year basis.

TTWO has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Saturday, May 27th. Hilliard Lyons cut shares of Take-Two Interactive Software from a “neutral” rating to an “underperform” rating in a research report on Friday, June 2nd. Piper Jaffray Companies lifted their price target on shares of Take-Two Interactive Software from $80.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 7th. BidaskClub cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $87.00 price target on shares of Take-Two Interactive Software in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $89.55.

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Take-Two Interactive Software (NASDAQ:TTWO) traded up 1.10% on Thursday, hitting $102.84. The stock had a trading volume of 1,361,479 shares. Take-Two Interactive Software has a 12-month low of $41.70 and a 12-month high of $103.28. The company’s 50 day moving average is $94.03 and its 200 day moving average is $74.78. The firm has a market cap of $10.74 billion, a PE ratio of 60.71 and a beta of 0.77.

In other news, Director Michael Sheresky sold 465 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $89.96, for a total transaction of $41,831.40. Following the transaction, the director now directly owns 69,006 shares in the company, valued at approximately $6,207,779.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Dornemann sold 7,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $87.80, for a total transaction of $614,600.00. Following the transaction, the director now owns 9,394 shares in the company, valued at $824,793.20. The disclosure for this sale can be found here. Insiders have sold a total of 87,465 shares of company stock worth $7,677,331 over the last 90 days. 1.55% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in shares of Take-Two Interactive Software by 6.4% during the 1st quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock worth $100,000 after purchasing an additional 101 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Take-Two Interactive Software during the 1st quarter worth about $114,000. Smithfield Trust Co. acquired a new position in shares of Take-Two Interactive Software during the 2nd quarter worth about $125,000. Crow Point Partners LLC increased its stake in shares of Take-Two Interactive Software by 63.4% during the 2nd quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock worth $129,000 after purchasing an additional 689 shares during the last quarter. Finally, Fortaleza Asset Management Inc. acquired a new position in shares of Take-Two Interactive Software during the 2nd quarter worth about $134,000. Institutional investors own 96.09% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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Earnings History and Estimates for Take-Two Interactive Software (NASDAQ:TTWO)

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