Electronic Arts (EA) Earns News Impact Rating of 0.13
Headlines about Electronic Arts (NASDAQ:EA) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Electronic Arts earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news headlines about the game software company an impact score of 47.2407604642129 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Judge sets bail at $750K in cryptocurrency for alleged EA hacker (msn.com)
- Young Man Accused of Hacking Electronic Arts Ordered to Post Bail in Cryptocurrency (crowdfundinsider.com)
- EA Patent Shows Multiplatform VR Save Data Sharing Method (androidheadlines.com)
- Do we need BailCoin? FBI refuses to take cryptocurrency in videogame hacking case (marketwatch.com)
- Is it Time for a Financial Check:: Electronic Arts Inc., (NASDAQ: EA), MFA Financial, Inc., (NYSE: MFA) (nysetradingnews.com)
A number of equities analysts have recently commented on EA shares. JPMorgan Chase & Co. started coverage on shares of Electronic Arts in a research note on Tuesday, May 1st. They issued an “overweight” rating and a $150.00 target price on the stock. Wedbush set a $138.00 price target on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Thursday, May 3rd. Oppenheimer lifted their price target on shares of Electronic Arts from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 9th. MKM Partners lifted their price target on shares of Electronic Arts to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, May 9th. Finally, Barclays reaffirmed a “buy” rating and set a $139.00 price target on shares of Electronic Arts in a research note on Wednesday, May 9th. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $147.95.
Electronic Arts (NASDAQ:EA) last released its earnings results on Thursday, July 26th. The game software company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.19. The company had revenue of $749.00 million during the quarter, compared to the consensus estimate of $742.86 million. Electronic Arts had a net margin of 14.30% and a return on equity of 25.31%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 EPS. equities analysts expect that Electronic Arts will post 4.3 EPS for the current fiscal year.
In other news, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $130.06, for a total value of $1,365,630.00. Following the completion of the sale, the chief financial officer now owns 135,991 shares of the company’s stock, valued at approximately $17,686,989.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $132.71, for a total transaction of $132,710.00. Following the completion of the sale, the general counsel now directly owns 21,930 shares of the company’s stock, valued at approximately $2,910,330.30. The disclosure for this sale can be found here. Insiders sold a total of 123,109 shares of company stock valued at $16,592,454 in the last three months. Insiders own 2.24% of the company’s stock.
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.
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