Activision Blizzard, Inc. (NASDAQ:ATVI) Expected to Post Earnings of $0.71 Per Share

Wall Street analysts predict that Activision Blizzard, Inc. (NASDAQ:ATVI) will report earnings per share of $0.71 for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Activision Blizzard’s earnings, with estimates ranging from $0.66 to $0.76. Activision Blizzard also posted earnings per share of $0.71 in the same quarter last year. The company is scheduled to issue its next earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Activision Blizzard will report full-year earnings of $3.82 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $4.00. For the next fiscal year, analysts forecast that the business will post earnings of $4.37 per share, with EPS estimates ranging from $4.00 to $4.75. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Activision Blizzard.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Monday, August 2nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.15. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.89 billion. Activision Blizzard had a net margin of 29.17% and a return on equity of 17.05%.

Several analysts have recently weighed in on the stock. Berenberg Bank boosted their price objective on shares of Activision Blizzard from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 13th. Credit Suisse Group lifted their target price on shares of Activision Blizzard from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, August 2nd. Moffett Nathanson began coverage on shares of Activision Blizzard in a report on Thursday, June 24th. They issued a “buy” rating and a $124.00 target price on the stock. Zacks Investment Research cut shares of Activision Blizzard from a “hold” rating to a “strong sell” rating and set a $78.00 target price on the stock. in a report on Wednesday, July 21st. Finally, Truist Securities dropped their price objective on shares of Activision Blizzard from $112.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, August 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $111.91.

Shares of NASDAQ ATVI traded up $0.24 during mid-day trading on Wednesday, reaching $78.08. The company’s stock had a trading volume of 286,515 shares, compared to its average volume of 6,435,484. Activision Blizzard has a 1-year low of $71.19 and a 1-year high of $104.53. The stock has a market capitalization of $60.72 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.48 and a beta of 0.59. The stock has a 50-day moving average of $84.64 and a two-hundred day moving average of $90.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.83 and a current ratio of 4.83.

In other Activision Blizzard news, Director Peter J. Nolan purchased 3,950 shares of the company’s stock in a transaction on Monday, August 9th. The shares were bought at an average cost of $81.93 per share, with a total value of $323,623.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.77% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the company. Standard Life Aberdeen plc boosted its stake in Activision Blizzard by 80.3% in the first quarter. Standard Life Aberdeen plc now owns 2,247,341 shares of the company’s stock worth $209,024,000 after purchasing an additional 1,000,699 shares in the last quarter. Harvest Volatility Management LLC increased its holdings in shares of Activision Blizzard by 62.2% in the first quarter. Harvest Volatility Management LLC now owns 16,824 shares of the company’s stock worth $1,565,000 after acquiring an additional 6,450 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Activision Blizzard in the first quarter worth about $5,008,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Activision Blizzard by 13.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 143,362 shares of the company’s stock worth $13,682,000 after buying an additional 16,661 shares during the period. Finally, Advisory Services Network LLC boosted its position in shares of Activision Blizzard by 9.0% during the first quarter. Advisory Services Network LLC now owns 15,827 shares of the company’s stock worth $1,472,000 after buying an additional 1,302 shares during the period. 85.19% of the stock is currently owned by institutional investors.

Activision Blizzard Company Profile

Activision Blizzard, Inc engages in the development and publication of interactive entertainment. It operates through the following segments: Activision Publishing, Blizzard Entertainment and King Digital Entertainment. The Activision Publishing segment develops and publishes interactive software products and entertainment content, particularly for the console platform.

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Earnings History and Estimates for Activision Blizzard (NASDAQ:ATVI)

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