Somewhat Positive News Coverage Extremely Likely to Affect Electronic Arts (NASDAQ:EA) Share Price

Media coverage about Electronic Arts (NASDAQ:EA) has trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Electronic Arts earned a coverage optimism score of 1.83 on their scale. InfoTrie also gave news stories about the game software company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have effected Electronic Arts’ score:

Several research firms have commented on EA. MKM Partners reiterated a “neutral” rating and issued a $100.00 price objective (up previously from $92.00) on shares of Electronic Arts in a research note on Friday, May 3rd. They noted that the move was a valuation call. BidaskClub lowered shares of Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Benchmark reiterated a “buy” rating and issued a $80.00 price objective (up previously from $72.00) on shares of Pegasystems in a research note on Wednesday, May 8th. Jefferies Financial Group increased their price objective on shares of Wynn Resorts from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Oppenheimer decreased their price objective on shares of 2U from $83.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $113.11.

Shares of Electronic Arts stock traded down $0.51 on Thursday, hitting $89.19. 3,060,240 shares of the company traded hands, compared to its average volume of 5,641,916. The company’s 50-day simple moving average is $94.78. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $26.56 billion, a P/E ratio of 22.69, a P/E/G ratio of 1.43 and a beta of 1.04. Electronic Arts has a 12-month low of $73.91 and a 12-month high of $149.79.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.43. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $1.31 EPS. Research analysts forecast that Electronic Arts will post 3.79 EPS for the current year.

In other news, CFO Blake J. Jorgensen sold 5,200 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $91.79, for a total transaction of $477,308.00. Following the completion of the transaction, the chief financial officer now directly owns 111,379 shares of the company’s stock, valued at $10,223,478.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matthew Bilbey sold 600 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $102.65, for a total transaction of $61,590.00. Following the completion of the transaction, the executive vice president now owns 10,773 shares of the company’s stock, valued at $1,105,848.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,544 shares of company stock worth $10,006,838. 2.18% of the stock is owned by corporate 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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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