Electronic Arts falls as new 2016 outlook disappoints

On that basis, which EA and analysts prefer to use as a measure of the company’s operating performance, revenue fell 11% to $693 million for the latest quarter, but still topped the company’s guidance for $640 million. However, analysts were expecting per-share profit of 67 cents and revenue of $1.12 billion. The total upticks were valued at $15.67 million and the total downticks aggregated to $14.06 million, thereby putting the up/down ratio at 1.11, . Now the company Insiders own 0.6% of Electronic Arts Inc. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock.

EA has been the topic of reports that are several. Mizuho initiated coverage on shares of Electronic Arts in a report on Friday, June 26th. They establish a buy rating and a $75.00 cost goal for the corporation. Finally, Wedbush reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Saturday. The stock has a consensus analyst price target of $73.29. Electronic Arts has a 1-year low of $71.03 and a 1-year high of $72.65. The stock of the company’s had a trading volume of 1,459,445 shares. The 50-day moving average is $65.95 and the 200 day moving average is recorded at $58.45. Ea has a-one year low of $71.09 and a-one year high of $72.50.

On a consensus basis, Street analysts are expecting Electronic Arts Inc.

For the year, the company raised its per-share earnings estimate by a dime to $2.85 and lifted its revenue view to $4.45 billion, an increase of $50 million. The company’s revenue for the quarter was down 2.0% compared to the same quarter past year. The same quarter from the previous year had $0.19 in EPS on $775.00 million in revenue.

In related news, EVP Gabrielle B. Toledano sold 8,000 shares of the company’s stock in a transaction on Monday, July 20th. The trade was revealed in a filing with the SECURITIES AND EXCHANGE COMMISSION, which can be accessible through this link. Also, CFO Blake J. Jorgensen sold 3,909 shares of Digital Arts stock in a transaction dated Wednesday, July 1st. The stock is more fairly valued in the $60 range (or 20 to 21 times fiscal 2016 estimates of $2.86). The disclosure for this particular sale can be located here. (EA) develops, markets, publishes and distributes game software content and online services for video game consoles, internet-connected consoles, personal computers, mobile phones and tablets worldwide.

Electronic Arts Inc is a game applications content and services supplier. Additionally, it offers game software-associated solutions. The Organization is organized around three offices: EA Maxis Studios and EA Mobile. Thanks to the popularity of EA-created games such as The Sims, Battlefield, FIFA, Madden NFL and Star Wars, the company has become easily the most recognizable game-creator in the industry.