Square Enix (OTCMKTS:SQNXF) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Square Enix (OTCMKTS:SQNXF) released its quarterly earnings data on Wednesday. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09, Zacks reports.

Square Enix Trading Up 6.4%

OTCMKTS SQNXF traded up $1.25 on Wednesday, reaching $20.76. 307 shares of the stock were exchanged, compared to its average volume of 468. Square Enix has a one year low of $14.05 and a one year high of $21.30. The firm has a market capitalization of $7.49 billion, a PE ratio of 27.68 and a beta of 0.49. The company’s 50-day simple moving average is $18.57 and its two-hundred day simple moving average is $16.75.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded shares of Square Enix from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

About Square Enix

Square Enix Holdings Co., Ltd. is a Japanese entertainment company best known for developing and publishing video games. Its titles include the Final Fantasy, Dragon Quest and Kingdom Hearts franchises, released across console, PC and mobile platforms. The company also operates amusement facilities and develops arcade games, publishes manga and other books, and sells character-related merchandise. Its publishing business includes English-language manga releases through Square Enix Manga & Books.