$0.74 Earnings Per Share Expected for Take-Two Interactive Software, Inc. (TTWO) This Quarter
Equities analysts predict that Take-Two Interactive Software, Inc. (NASDAQ:TTWO) will announce earnings of $0.74 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Take-Two Interactive Software’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.90. Take-Two Interactive Software reported earnings per share of $0.45 in the same quarter last year, which suggests a positive year-over-year growth rate of 64.4%. The company is expected to report its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that Take-Two Interactive Software will report full-year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $2.08 to $2.50. For the next year, analysts expect that the company will report earnings of $4.32 per share, with EPS estimates ranging from $4.10 to $5.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Take-Two Interactive Software.
Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.25. The company had revenue of $348.30 million during the quarter, compared to the consensus estimate of $280.70 million. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. Take-Two Interactive Software’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.21) EPS.
TTWO has been the subject of a number of analyst reports. Benchmark Co. reissued a “buy” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Take-Two Interactive Software in a research report on Saturday, September 16th. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price objective (up previously from $96.00) on shares of Take-Two Interactive Software in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Take-Two Interactive Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 27th. Cowen and Company reissued a “buy” rating and issued a $83.00 price objective on shares of Take-Two Interactive Software in a research report on Friday, September 8th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Take-Two Interactive Software in a research report on Friday, September 8th. They issued a “buy” rating and a $118.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $92.30.
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In other news, CFO Lainie Goldstein sold 30,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.68, for a total value of $2,630,400.00. Following the completion of the sale, the chief financial officer now owns 409,019 shares of the company’s stock, valued at $35,862,785.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Strauss Zelnick sold 50,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.81, for a total transaction of $4,390,500.00. The disclosure for this sale can be found here. Insiders sold 87,465 shares of company stock valued at $7,677,331 in the last three months. Company insiders own 1.55% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP increased its position in shares of Take-Two Interactive Software by 1,063.4% in the second 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 in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Take-Two Interactive Software by 70.2% in the second quarter. BNP Paribas Arbitrage SA now owns 39,335 shares of the company’s stock valued at $2,886,000 after purchasing an additional 16,224 shares during the period. Utah Retirement Systems purchased a new position in shares of Take-Two Interactive Software in the second quarter valued at $1,332,000. Eqis Capital Management Inc. boosted its stake in shares of Take-Two Interactive Software by 19.6% in the second quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock valued at $428,000 after purchasing an additional 957 shares during the period. Finally, UBS Group AG boosted its stake in shares of Take-Two Interactive Software by 25.5% in the first quarter. UBS Group AG now owns 87,761 shares of the company’s stock valued at $5,201,000 after purchasing an additional 17,809 shares during the period. 96.69% of the stock is owned by institutional investors.
Shares of Take-Two Interactive Software (NASDAQ TTWO) opened at 107.23 on Friday. The stock’s 50 day moving average is $98.92 and its 200-day moving average is $78.53. Take-Two Interactive Software has a one year low of $41.70 and a one year high of $107.53. The firm has a market cap of $11.20 billion, a P/E ratio of 63.30 and a beta of 0.78.
Take-Two Interactive Software Company Profile
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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