Electronic Arts, Inc. [EA] stock is trading at $135.03, down -1.41%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EA shares have lost -0.27% over the last week, with a monthly amount drifted -2.86%, and not seem to be holding up well over a long-time horizon.
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On 29, February 2024, EA to Present at the Morgan Stanley Technology, Media & Telecom Conference. In a post published today on Yahoo Finance, Electronic Arts Inc. (NASDAQ: EA) today announced that Andrew Wilson, CEO, will present at the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 6, in San Francisco, CA. During the course of this event, EA may disclose material developments affecting its business and/or financial performance. Listeners may access the event via live audio webcast at http://ir.ea.com.
From an analyst’s perspective:
Electronic Arts, Inc. [NASDAQ: EA] stock has seen the most recent analyst activity on January 18, 2024, when Stifel reiterated its Buy rating and also boosted its price target to $155 from $152. Previously, BMO Capital Markets started tracking the stock with Outperform rating on January 09, 2024, and set its price target to $160. On December 12, 2023, Wolfe Research initiated with a Peer Perform rating. BofA Securities upgraded its rating to a Buy and increased its price target to $150 on October 10, 2023. UBS downgraded its rating to a Neutral and raised its price target to $142 on August 02, 2023. HSBC Securities started tracking with a Hold rating for this stock on July 25, 2023, and assigned it a price target of $128. In a note dated July 24, 2023, Credit Suisse reiterated an Outperform rating on this stock and boosted its target price from $142 to $161.
Electronic Arts, Inc. [EA] stock has fluctuated between $110.21 and $144.53 over the past year. Currently, Wall Street analysts expect the stock to reach $146.45 within the next 12 months. Electronic Arts, Inc. [NASDAQ: EA] shares were valued at $135.03 at the most recent close of the market. An investor can expect a potential return of 8.46% based on the average EA price forecast.
Analyzing the EA fundamentals
Electronic Arts, Inc. [NASDAQ:EA] reported sales of 7.57B for the trailing twelve months, which represents a growth of 6.50%. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.15 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 133.79 points at the first support level, and at 132.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 136.65, and for the 2nd resistance point, it is at 138.28.
Electronic Arts, Inc. [EA] reported earnings per share of $2.96 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.93/share, meaning a difference of $0.03 and a surprise factor of 1.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.46 per share as compared to estimates of $1.25 per share, a difference of $0.21 representing a surprise of 16.80%.
Ratios To Look Out For
For context, Electronic Arts, Inc.’s Current Ratio is 1.33. As well, the Quick Ratio is 1.33, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 4.77, the price to book ratio is 4.81 and price to earnings (TTM) ratio is 34.10.
Transactions by insiders
Recent insider trading involved Miele Laura, Chief Operating Officer, that happened on Mar 01 ’24 when 2000.0 shares were sold. Chief People Officer, Singh Vijayanthimala completed a deal on Mar 01 ’24 to sell 800.0 shares. Meanwhile, CEO and Board Chair Wilson Andrew sold 2500.0 shares on Feb 26 ’24.
