Equities analysts expect that Zynga Inc (NASDAQ:ZNGA) will post $0.05 earnings per share for the current quarter, Zacks reports. Five analysts have made estimates for Zynga’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.02. Zynga reported earnings per share of $0.02 in the same quarter last year, which suggests a positive year-over-year growth rate of 150%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that Zynga will report full year earnings of $0.23 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.24. For the next year, analysts anticipate that the company will report earnings of $0.26 per share, with EPS estimates ranging from $0.22 to $0.29. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Zynga.

Zynga (NASDAQ:ZNGA) last posted its earnings results on Wednesday, May 1st. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.17). The company had revenue of $265.00 million for the quarter, compared to the consensus estimate of $255.45 million. Zynga had a negative return on equity of 7.09% and a negative net margin of 12.34%. Zynga’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 EPS.

Several equities analysts recently commented on the company. Robert W. Baird upgraded Zynga from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $5.00 to $8.00 in a research report on Thursday, May 2nd. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Wedbush set a $8.00 target price on shares of Zynga and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Bank of America set a $54.00 target price on shares of Fortis and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Piper Jaffray Companies upgraded shares of Brookline Bancorp from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $15.50 to $17.00 in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $6.72.

Shares of Zynga stock traded down $0.02 during midday trading on Friday, hitting $6.28. 29,104,311 shares of the company were exchanged, compared to its average volume of 16,587,256. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 315.75, a P/E/G ratio of 3.15 and a beta of 0.28. Zynga has a 52 week low of $3.32 and a 52 week high of $6.55. The firm has a 50 day simple moving average of $6.20.

In other Zynga news, COO Matthew S. Bromberg sold 41,500 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $6.30, for a total value of $261,450.00. Following the completion of the sale, the chief operating officer now owns 659,146 shares of the company’s stock, valued at $4,152,619.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey Miles Ryan sold 36,798 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $6.09, for a total value of $224,099.82. Following the completion of the sale, the insider now directly owns 10,667 shares of the company’s stock, valued at approximately $64,962.03. The disclosure for this sale can be found here. In the last three months, insiders sold 2,508,703 shares of company stock valued at $13,960,844. 9.40% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Zynga by 1.1% during the 1st quarter. BlackRock Inc. now owns 67,298,044 shares of the company’s stock worth $358,697,000 after purchasing an additional 708,261 shares in the last quarter. First Trust Advisors LP increased its position in Zynga by 13.0% during the 1st quarter. First Trust Advisors LP now owns 25,671,314 shares of the company’s stock worth $136,828,000 after purchasing an additional 2,958,148 shares in the last quarter. FMR LLC increased its position in Zynga by 6,486,449.1% during the 4th quarter. FMR LLC now owns 15,048,794 shares of the company’s stock worth $59,142,000 after purchasing an additional 15,048,562 shares in the last quarter. TimesSquare Capital Management LLC increased its position in Zynga by 228.2% during the 1st quarter. TimesSquare Capital Management LLC now owns 13,256,300 shares of the company’s stock worth $70,656,000 after purchasing an additional 9,217,100 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its position in Zynga by 1.7% during the 1st quarter. OppenheimerFunds Inc. now owns 10,828,983 shares of the company’s stock worth $57,718,000 after purchasing an additional 181,342 shares in the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.

About Zynga

Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as Apple iOS and Google's Android operating systems, as well as on social networking sites, such as Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual items and sponsorships to advertising agencies and brokers; and licenses its own brands.

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Earnings History and Estimates for Zynga (NASDAQ:ZNGA)

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