Electronic Arts (EA) Getting Somewhat Favorable Press Coverage, Report Finds
Media coverage about Electronic Arts (NASDAQ:EA) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Electronic Arts earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the game software company an impact score of 45.3945983818856 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Electronic Arts Inc. (EA) is at $118.50 per share and Workday, Inc … – Stocks Gallery (stocksgallery.com)
- My Best Performing Stock Keeps Getting Better – Seeking Alpha (seekingalpha.com)
- Insider Selling: Electronic Arts Inc. (EA) SVP Sells 1,000 Shares of Stock (americanbankingnews.com)
- Coca-Cola Announces Branded Content First within EA SPORTS FIFA 18 (digitaljournal.com)
- EA’s Emerging Cloud Gaming Opportunity – Seeking Alpha (seekingalpha.com)
Shares of Electronic Arts (EA) opened at 114.18 on Tuesday. The company’s 50-day moving average is $118.23 and its 200-day moving average is $106.08. The company has a market cap of $35.25 billion, a price-to-earnings ratio of 30.57 and a beta of 0.68. Electronic Arts has a one year low of $73.74 and a one year high of $122.79.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.22. The business had revenue of $775.00 million for the quarter, compared to analysts’ expectations of $768.47 million. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. On average, equities analysts predict that Electronic Arts will post $4.24 EPS for the current year.
Several equities analysts recently weighed in on EA shares. Vetr raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 target price for the company in a research note on Tuesday, July 4th. BidaskClub cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Benchmark Co. raised their target price on shares of Electronic Arts from $114.00 to $131.00 and gave the company a “buy” rating in a research note on Tuesday, June 20th. Goldman Sachs Group Inc started coverage on shares of Electronic Arts in a research note on Friday, September 8th. They set a “buy” rating and a $136.00 target price for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Electronic Arts in a research note on Monday, July 17th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $118.01.
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In other news, CEO Andrew Wilson sold 9,059 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $105.91, for a total transaction of $959,438.69. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $111.01, for a total transaction of $1,110,100.00. Following the sale, the chief financial officer now directly owns 219,614 shares in the company, valued at approximately $24,379,350.14. The disclosure for this sale can be found here. Insiders have sold 196,097 shares of company stock worth $23,140,148 in the last three months. Corporate insiders own 2.55% of the company’s stock.
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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