Analysts expect Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings of $0.54 per share for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Activision Blizzard’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.46. Activision Blizzard posted earnings per share of $0.60 in the same quarter last year, which indicates a negative year over year growth rate of 10%. The company is scheduled to issue its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Activision Blizzard will report full-year earnings of $2.64 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.74. For the next fiscal year, analysts anticipate that the business will report earnings of $3.00 per share, with EPS estimates ranging from $2.86 to $3.37. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Activision Blizzard.

Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.11. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Activision Blizzard had a net margin of 6.96% and a return on equity of 18.00%. Activision Blizzard’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share.

ATVI has been the topic of several recent analyst reports. Wedbush set a $81.00 target price on shares of Activision Blizzard and gave the company a “buy” rating in a report on Monday, April 30th. JPMorgan Chase & Co. initiated coverage on shares of Activision Blizzard in a report on Tuesday, May 1st. They issued a “neutral” rating and a $70.00 target price on the stock. Credit Suisse Group boosted their target price on shares of Activision Blizzard from $84.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, May 4th. Bank of America dropped their target price on shares of Activision Blizzard from $77.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, May 4th. Finally, TheStreet upgraded shares of Activision Blizzard from a “c+” rating to a “b” rating in a report on Thursday, May 3rd. Eight equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Activision Blizzard has an average rating of “Buy” and an average target price of $78.51.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $68.70, for a total transaction of $1,357,580.70. Following the transaction, the chief executive officer now owns 20,324 shares in the company, valued at $1,396,258.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.29% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gladstone Capital Management LLP raised its holdings in shares of Activision Blizzard by 13.0% in the 2nd quarter. Gladstone Capital Management LLP now owns 304,889 shares of the company’s stock worth $23,175,000 after acquiring an additional 35,000 shares during the last quarter. Gateway Investment Advisers LLC acquired a new stake in shares of Activision Blizzard in the 2nd quarter worth about $37,904,000. Truepoint Inc. raised its holdings in shares of Activision Blizzard by 1,382.6% in the 2nd quarter. Truepoint Inc. now owns 4,181 shares of the company’s stock worth $319,000 after acquiring an additional 3,899 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Activision Blizzard in the 2nd quarter worth about $1,196,000. Finally, Norris Perne & French LLP MI raised its holdings in shares of Activision Blizzard by 38.4% in the 2nd quarter. Norris Perne & French LLP MI now owns 133,818 shares of the company’s stock worth $10,213,000 after acquiring an additional 37,134 shares during the last quarter. Institutional investors own 84.07% of the company’s stock.

ATVI stock traded up $2.92 during midday trading on Friday, hitting $74.09. The stock had a trading volume of 8,823,319 shares, compared to its average volume of 6,952,572. The firm has a market cap of $54.46 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 1.89 and a beta of 0.97. The company has a quick ratio of 2.96, a current ratio of 2.98 and a debt-to-equity ratio of 0.42. Activision Blizzard has a 1-year low of $57.29 and a 1-year high of $81.64.

About Activision Blizzard

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. The company 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.

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

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