Electronic Arts (NASDAQ:EA) Updates 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 guidance of $0.73-0.90 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EA. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Electronic Arts from $153.00 to $150.00 and set a hold rating on the stock in a research report on Thursday. Roth Mkm cut their target price on Electronic Arts from $140.00 to $135.00 and set a neutral rating on the stock in a research report on Wednesday, May 1st. Oppenheimer reaffirmed an outperform rating and set a $150.00 price target on shares of Electronic Arts in a research report on Tuesday, April 23rd. Stifel Nicolaus increased their price objective on Electronic Arts from $152.00 to $155.00 and gave the company a buy rating in a report on Thursday, January 18th. Finally, Robert W. Baird decreased their price objective on shares of Electronic Arts from $160.00 to $150.00 and set an outperform rating for the company in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $146.61.

Electronic Arts Trading Up 0.0 %

NASDAQ:EA traded up $0.06 on Friday, reaching $127.18. 591,405 shares of the company’s stock were exchanged, compared to its average volume of 2,010,716. The business has a fifty day moving average of $131.02 and a 200-day moving average of $134.40. The firm has a market capitalization of $34.00 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts has a 52-week low of $117.47 and a 52-week high of $144.53.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.60%. Electronic Arts’s dividend payout ratio (DPR) is 19.14%.

Insider Activity

In related news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the sale, the chief executive officer now directly owns 28,430 shares of the company’s stock, valued at $4,048,147.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now directly owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction, 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. In the last quarter, insiders sold 32,272 shares of company stock worth $4,420,459. 0.20% of the stock is currently owned by company insiders.

About Electronic Arts

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.