Somewhat Positive Press Coverage Somewhat Unlikely to Affect Electronic Arts (EA) Stock Price
News coverage about Electronic Arts (NASDAQ:EA) has trended somewhat positive recently, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Electronic Arts earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the game software company an impact score of 45.2751761953836 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Electronic Arts Inc. (EA) Earns Buy Rating from Analysts at Buckingham Research (americanbankingnews.com)
- Financial Analysis: Finjan Holdings (FNJN) versus Electronic Arts (EA) (americanbankingnews.com)
- Video game software market global research for 2017 available in new report (whatech.com)
- Electronic Arts Inc. (EA) noted a price change of 0.19% and FORM Holdings Corp. (FH) closes with a move of 8.33% – Stocks Gallery (stocksgallery.com)
- Think Electronic Arts Had a Great Year? It’s Going to Get Even Better (fool.com)
Several equities research analysts recently commented on EA shares. Benchmark Co. lifted their target price on shares of Electronic Arts from $114.00 to $131.00 and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Credit Suisse Group reiterated a “buy” rating and set a $114.00 target price on shares of Electronic Arts in a research report on Sunday, May 28th. KeyCorp reiterated a “buy” rating and set a $134.00 target price on shares of Electronic Arts in a research report on Friday, August 25th. Vetr upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 target price on the stock in a research report on Tuesday, July 4th. Finally, Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $118.01.
Shares of Electronic Arts (NASDAQ:EA) traded up 0.11% during mid-day trading on Wednesday, reaching $120.34. 2,393,280 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $118.23 and a 200 day moving average of $106.08. Electronic Arts has a one year low of $73.74 and a one year high of $122.79. The firm has a market capitalization of $37.15 billion, a P/E ratio of 32.22 and a beta of 0.68.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.22. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The firm had revenue of $775.00 million during the quarter, compared to the consensus estimate of $768.47 million. During the same period last year, the company earned $0.07 earnings per share. The company’s revenue was up 13.6% on a year-over-year basis. On average, analysts forecast that Electronic Arts will post $4.24 EPS for the current fiscal year.
In related news, CEO Andrew Wilson sold 9,059 shares of Electronic Arts stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $105.91, for a total value of $959,438.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Chris Bruzzo sold 1,500 shares of Electronic Arts stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $105.98, for a total value of $158,970.00. Following the completion of the sale, the executive vice president now owns 33,345 shares of the company’s stock, valued at $3,533,903.10. The disclosure for this sale can be found here. Insiders have sold 195,097 shares of company stock valued at $23,019,378 over the last 90 days. Corporate insiders own 2.55% of the company’s stock.
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About Electronic Arts
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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