Equities analysts expect Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings of $0.42 per share for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Activision Blizzard’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.38. Activision Blizzard reported earnings of $0.52 per share in the same quarter last year, which would indicate a negative year over year growth rate of 19.2%. The company is expected to report its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Activision Blizzard will report full-year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $2.12 to $2.25. For the next year, analysts forecast that the company will report earnings of $2.56 per share, with EPS estimates ranging from $2.25 to $2.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Activision Blizzard.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Activision Blizzard had a net margin of 23.69% and a return on equity of 15.81%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company posted $0.41 EPS. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year.

A number of research firms have recently weighed in on ATVI. MKM Partners restated a “neutral” rating and issued a $47.00 price target (up from $45.00) on shares of Activision Blizzard in a research note on Friday. Goldman Sachs Group upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating and raised their price target for the company from $50.00 to $54.00 in a research note on Tuesday, May 28th. BidaskClub upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Bank of America raised their price target on shares of Activision Blizzard from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Friday. Finally, KeyCorp restated an “overweight” rating and issued a $60.00 price target on shares of Activision Blizzard in a research note on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $60.03.

Shares of ATVI traded down $1.27 during mid-day trading on Friday, reaching $48.06. The company had a trading volume of 10,668,183 shares, compared to its average volume of 6,313,044. The business’s 50 day moving average price is $47.29. Activision Blizzard has a 1-year low of $39.85 and a 1-year high of $84.68. The company has a quick ratio of 2.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.23. The company has a market cap of $37.79 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90.

In other news, insider Christopher B. Walther sold 2,333 shares of Activision Blizzard stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $45.91, for a total value of $107,108.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher B. Walther sold 5,333 shares of Activision Blizzard stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $50.34, for a total transaction of $268,463.22. The disclosure for this sale can be found here. Insiders sold a total of 21,332 shares of company stock worth $1,021,187 in the last 90 days. Corporate insiders own 1.29% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Trexquant Investment LP bought a new stake in Activision Blizzard during the 1st quarter valued at $1,477,000. Edge Wealth Management LLC boosted its holdings in Activision Blizzard by 2,163.8% during the 1st quarter. Edge Wealth Management LLC now owns 2,626 shares of the company’s stock worth $119,000 after acquiring an additional 2,510 shares during the last quarter. Davis R M Inc. purchased a new position in Activision Blizzard during the 1st quarter worth $2,622,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Activision Blizzard by 32.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 99,750 shares of the company’s stock worth $4,541,000 after acquiring an additional 24,385 shares during the last quarter. Finally, Conning Inc. boosted its holdings in Activision Blizzard by 6.0% during the 1st quarter. Conning Inc. now owns 16,570 shares of the company’s stock worth $754,000 after acquiring an additional 940 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Activision Blizzard Company Profile

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

Read More: How can you know how many shares are floating?

Get a free copy of the Zacks research report on Activision Blizzard (ATVI)

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

Earnings History and Estimates for Activision Blizzard (NASDAQ:ATVI)

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