Electronic Arts Inc. (NASDAQ:EA – Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Wednesday, November 27th will be paid a dividend of 0.19 per share by the game software company on Wednesday, December 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Wednesday, November 27th.
Electronic Arts has raised its dividend by an average of 64.7% per year over the last three years. Electronic Arts has a payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Electronic Arts to earn $6.45 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 11.8%.
Electronic Arts Stock Up 2.4 %
Shares of EA opened at $149.14 on Thursday. The firm has a market cap of $39.63 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The company’s fifty day moving average is $144.81 and its two-hundred day moving average is $139.95. Electronic Arts has a fifty-two week low of $121.63 and a fifty-two week high of $153.51. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25.
Insiders Place Their Bets
In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the transaction, the insider now owns 30,190 shares of the company’s stock, valued at $4,579,823. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.32, for a total transaction of $223,980.00. Following the completion of the transaction, the executive vice president now directly owns 27,860 shares in the company, valued at $4,160,055.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the transaction, the insider now owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,770 shares of company stock valued at $3,652,410 in the last quarter. Insiders own 0.22% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. Morgan Stanley restated an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Stifel Nicolaus raised their target price on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a research report on Friday, October 25th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and a consensus target price of $164.39.
Get Our Latest Analysis on Electronic Arts
Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.
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