Wall Street brokerages predict that Electronic Arts Inc. (NASDAQ:EA) will post earnings per share of $0.59 for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Electronic Arts’ earnings. The highest EPS estimate is $0.64 and the lowest is $0.52. Electronic Arts reported earnings of $0.66 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.6%. The firm is scheduled to report its next quarterly earnings results on Tuesday, October 30th.

On average, analysts expect that Electronic Arts will report full year earnings of $4.65 per share for the current fiscal year, with EPS estimates ranging from $4.20 to $5.22. For the next financial year, analysts forecast that the company will report earnings of $5.39 per share, with EPS estimates ranging from $4.98 to $5.86. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Electronic Arts.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Thursday, July 26th. The game software company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.19. The company had revenue of $749.00 million for the quarter, compared to analyst estimates of $742.86 million. Electronic Arts had a net margin of 14.30% and a return on equity of 25.31%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.06 EPS.

Several equities research analysts recently issued reports on EA shares. Stifel Nicolaus lifted their price target on shares of Electronic Arts from $157.00 to $159.00 and gave the company a “$146.56” rating in a report on Monday, July 23rd. BidaskClub lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Wedbush reaffirmed a “buy” rating and set a $158.00 price target on shares of Electronic Arts in a report on Monday, July 23rd. SunTrust Banks lifted their price target on shares of Electronic Arts to $155.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $164.00 price target on shares of Electronic Arts in a report on Monday, June 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $142.48.

In related news, insider Patrick Soderlund sold 5,000 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $142.22, for a total transaction of $711,100.00. Following the transaction, the insider now owns 97,600 shares in the company, valued at approximately $13,880,672. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $113.42, for a total transaction of $113,420.00. Following the transaction, the general counsel now owns 18,029 shares in the company, valued at approximately $2,044,849.18. The disclosure for this sale can be found here. Insiders have sold a total of 121,250 shares of company stock worth $15,423,980 over the last three months. Insiders own 2.24% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Kaizen Advisory LLC lifted its position in shares of Electronic Arts by 159.5% during the 2nd quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock valued at $108,000 after acquiring an additional 469 shares during the period. Alpha Windward LLC acquired a new position in shares of Electronic Arts during the 2nd quarter valued at $113,000. Private Capital Group LLC lifted its position in shares of Electronic Arts by 781.5% during the 1st quarter. Private Capital Group LLC now owns 952 shares of the game software company’s stock valued at $115,000 after acquiring an additional 844 shares during the period. Sun Life Financial INC lifted its position in shares of Electronic Arts by 389.4% during the 2nd quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock valued at $117,000 after acquiring an additional 662 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Electronic Arts by 33,333.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,003 shares of the game software company’s stock valued at $122,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 92.88% of the company’s stock.

Shares of Electronic Arts stock traded up $1.55 during midday trading on Monday, hitting $115.02. 7,421,700 shares of the company traded hands, compared to its average volume of 4,675,733. The firm has a market capitalization of $34.59 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 1.95 and a beta of 0.55. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.19. Electronic Arts has a 12 month low of $99.63 and a 12 month high of $151.26.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

Further Reading: Fundamental Analysis – How It Helps Investors

Get a free copy of the Zacks research report on Electronic Arts (EA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.