TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Releases Q4 2019 Earnings Guidance

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TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) updated its fourth quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.76-0.88 for the period, compared to the Thomson Reuters consensus estimate of $1.09. The company issued revenue guidance of $450-500 million, compared to the consensus revenue estimate of $606.29 million.TAKE-TWO INTERACTIVE SOFTWARE also updated its FY 2019 guidance to $4.65-5.94 EPS.

A number of equities research analysts recently commented on the company. Sanford C. Bernstein initiated coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, October 9th. They issued an outperform rating and a $175.00 price target for the company. Buckingham Research reaffirmed a buy rating and set a $130.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, December 18th. Goldman Sachs Group initiated coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, January 30th. They set a buy rating and a $130.00 target price for the company. Gabelli initiated coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, January 16th. They set a buy rating and a $136.00 target price for the company. Finally, Credit Suisse Group raised their target price on TAKE-TWO INTERACTIVE SOFTWARE from $136.00 to $137.00 and gave the company a neutral rating in a research report on Thursday, November 8th. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $139.40.

Shares of TTWO opened at $107.29 on Wednesday. TAKE-TWO INTERACTIVE SOFTWARE has a fifty-two week low of $92.81 and a fifty-two week high of $139.91. The stock has a market capitalization of $12.10 billion, a P/E ratio of 61.31, a PEG ratio of 1.81 and a beta of 1.07.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.08% and a net margin of 11.76%. The company had revenue of $583.42 million during the quarter, compared to analyst estimates of $549.87 million. During the same quarter last year, the firm posted $1.09 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE will post 3.37 earnings per share for the current year.

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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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Earnings History and Estimates for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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