Electronic Arts (NASDAQ:EA) Releases Q1 Earnings Guidance

Electronic Arts (NASDAQ:EA) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.73-0.90 for the period, compared to the consensus estimate of $0.81. The company issued revenue guidance of $1.15-1.25 billion, compared to the consensus revenue estimate of $1.43 billion. Electronic Arts also updated its FY25 guidance to $3.34-4.00 EPS.

Electronic Arts Price Performance

Shares of EA stock traded down $0.32 during trading hours on Tuesday, hitting $130.24. The company’s stock had a trading volume of 3,378,050 shares, compared to its average volume of 1,988,431. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $131.75 and a 200-day moving average of $134.50. Electronic Arts has a twelve month low of $117.47 and a twelve month high of $144.53. The stock has a market cap of $34.82 billion, a price-to-earnings ratio of 32.89, a P/E/G ratio of 1.73 and a beta of 0.78.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. Electronic Arts’s payout ratio is currently 19.14%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EA shares. Roth Mkm decreased their price target on shares of Electronic Arts from $140.00 to $135.00 and set a neutral rating on the stock in a research note on Wednesday, May 1st. Wedbush reiterated an outperform rating and issued a $162.00 price target on shares of Electronic Arts in a report on Thursday, May 2nd. BMO Capital Markets initiated coverage on Electronic Arts in a report on Tuesday, January 9th. They issued an outperform rating and a $160.00 price target for the company. Stifel Nicolaus raised their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a buy rating in a research report on Thursday, January 18th. Finally, Oppenheimer restated an outperform rating and set a $150.00 price objective on shares of Electronic Arts in a report on Tuesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $146.72.

Insiders Place Their Bets

In other Electronic Arts news, Director Luis A. Ubinas sold 4,872 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $136.84, for a total transaction of $666,684.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Luis A. Ubinas sold 4,872 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $136.84, for a total value of $666,684.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the sale, the chief executive officer now owns 28,430 shares in the company, valued at $4,048,147.70. The disclosure for this sale can be found here. Insiders have sold 37,144 shares of company stock valued at $5,087,143 over the last three months. Company insiders own 0.20% 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. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.