Wall Street analysts expect TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) to post earnings per share (EPS) of $0.78 for the current fiscal quarter, Zacks reports. Sixteen analysts have made estimates for TAKE-TWO INTERACTIVE SOFTWARE’s earnings, with estimates ranging from $0.61 to $1.09. TAKE-TWO INTERACTIVE SOFTWARE reported earnings of $0.69 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 13%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, May 13th.
On average, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will report full year earnings of $4.83 per share for the current year, with EPS estimates ranging from $4.65 to $5.14. For the next financial year, analysts forecast that the company will report earnings of $4.91 per share, with EPS estimates ranging from $3.84 to $6.02. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover TAKE-TWO INTERACTIVE SOFTWARE.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings data on Wednesday, February 6th. The company reported $3.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $1.17. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 28.92% and a net margin of 14.26%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. The business’s revenue for the quarter was up 139.9% compared to the same quarter last year.
Several brokerages have weighed in on TTWO. Zacks Investment Research downgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Stephens set a $110.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a report on Tuesday, March 26th. BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. BMO Capital Markets lowered shares of TAKE-TWO INTERACTIVE SOFTWARE from a “market perform” rating to an “underperform” rating and upped their target price for the stock from $90.50 to $93.44 in a report on Tuesday, February 12th. Finally, TheStreet upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “c+” rating to a “b+” rating in a report on Wednesday, February 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $133.52.
TAKE-TWO INTERACTIVE SOFTWARE stock traded down $1.83 during mid-day trading on Friday, hitting $89.11. 12,177 shares of the company’s stock traded hands, compared to its average volume of 1,875,916. The company has a market capitalization of $10.29 billion, a P/E ratio of 51.41, a PEG ratio of 1.41 and a beta of 1.01. TAKE-TWO INTERACTIVE SOFTWARE has a one year low of $84.41 and a one year high of $139.91.
In other TAKE-TWO INTERACTIVE SOFTWARE news, CEO Strauss Zelnick sold 144,614 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $94.05, for a total value of $13,600,946.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.07% of the company’s stock.
Hedge funds have recently modified their holdings of the business. LS Investment Advisors LLC boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 32.9% during the 4th quarter. LS Investment Advisors LLC now owns 4,473 shares of the company’s stock valued at $460,000 after purchasing an additional 1,108 shares in the last quarter. Virtu Financial LLC bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter worth about $3,436,000. Gables Capital Management Inc. bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter worth about $288,000. Wakefield Asset Management LLLP bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter worth about $911,000. Finally, Growth Interface Management LLC bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter worth about $8,338,000. 95.91% of the stock is owned by institutional investors and hedge funds.
TAKE-TWO INTERACTIVE SOFTWARE Company Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.
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