Activision Blizzard (ATVI) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Activision Blizzard (NASDAQ:ATVI) issued its earnings results on Thursday. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.02, Bloomberg Earnings reports. Activision Blizzard had a net margin of 15.90% and a return on equity of 17.56%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the business earned $0.65 EPS. The firm’s revenue was up 7.7% on a year-over-year basis.
Activision Blizzard (NASDAQ:ATVI) traded up $0.37 during trading hours on Friday, reaching $66.20. 5,256,589 shares of the company’s stock were exchanged, compared to its average volume of 6,162,233. The firm has a market capitalization of $49,770.00, a price-to-earnings ratio of 45.56, a PEG ratio of 1.91 and a beta of 1.11. Activision Blizzard has a 52-week low of $44.47 and a 52-week high of $74.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Friday, March 30th will be given a $0.34 dividend. This is a positive change from Activision Blizzard’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 2.05%. Activision Blizzard’s payout ratio is 20.55%.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the transaction, the chief executive officer now directly owns 41,435 shares in the company, valued at $2,636,923.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.12% of the stock is owned by insiders.
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Activision Blizzard Company Profile
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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