Take-Two Interactive Software, Inc. Expected to Post Q3 2018 Earnings of $1.07 Per Share (TTWO)
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) – Stock analysts at KeyCorp issued their Q3 2018 earnings per share estimates for shares of Take-Two Interactive Software in a note issued to investors on Wednesday. KeyCorp analyst E. Wingren expects that the company will post earnings per share of $1.07 for the quarter. KeyCorp currently has a “Buy” rating on the stock. KeyCorp also issued estimates for Take-Two Interactive Software’s Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.65 EPS, Q1 2019 earnings at $1.41 EPS, Q2 2019 earnings at $1.54 EPS, Q3 2019 earnings at $1.80 EPS, Q4 2019 earnings at $0.91 EPS and FY2019 earnings at $5.65 EPS.
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A number of other equities research analysts have also commented on TTWO. BidaskClub raised Take-Two Interactive Software from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Credit Suisse Group reissued a “hold” rating and issued a $73.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, July 26th. Zacks Investment Research raised Take-Two Interactive Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 27th. Piper Jaffray Companies reissued an “overweight” rating and issued a $100.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $96.00 price target (up from $87.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Take-Two Interactive Software presently has an average rating of “Buy” and an average price target of $110.15.
Shares of Take-Two Interactive Software (NASDAQ TTWO) opened at $115.68 on Monday. The company has a market capitalization of $13,193.66, a price-to-earnings ratio of 45.19, a P/E/G ratio of 3.35 and a beta of 0.82. Take-Two Interactive Software has a 12-month low of $46.05 and a 12-month high of $120.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.31.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP increased its holdings in Take-Two Interactive Software by 1,063.4% in the 2nd quarter. Engineers Gate Manager LP now owns 75,841 shares of the company’s stock worth $5,565,000 after acquiring an additional 69,322 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Take-Two Interactive Software in the 2nd quarter worth about $385,000. BNP Paribas Arbitrage SA increased its holdings in Take-Two Interactive Software by 70.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 39,335 shares of the company’s stock worth $2,886,000 after acquiring an additional 16,224 shares during the last quarter. Utah Retirement Systems purchased a new stake in Take-Two Interactive Software in the 2nd quarter worth about $1,332,000. Finally, Eqis Capital Management Inc. increased its holdings in Take-Two Interactive Software by 19.6% in the 2nd quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock worth $428,000 after acquiring an additional 957 shares during the last quarter. 97.71% of the stock is owned by institutional investors.
About Take-Two Interactive Software
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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