Analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) will report $0.03 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Fifteen analysts have made estimates for TAKE-TWO INTERACTIVE SOFTWARE’s earnings. The lowest EPS estimate is ($0.05) and the highest is $0.18. TAKE-TWO INTERACTIVE SOFTWARE posted earnings per share of $0.19 in the same quarter last year, which indicates a negative year over year growth rate of 84.2%. The firm is expected to report its next quarterly earnings report on Thursday, August 1st.
According to Zacks, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will report full-year earnings of $4.35 per share for the current year, with EPS estimates ranging from $3.75 to $5.40. For the next fiscal year, analysts anticipate that the business will report earnings of $4.82 per share, with EPS estimates ranging from $4.00 to $6.03. Zacks’ earnings per share averages are an average based on a survey of research firms that follow TAKE-TWO INTERACTIVE SOFTWARE.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings data on Monday, May 13th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.07). The firm had revenue of $488.40 million for the quarter, compared to analysts’ expectations of $500.86 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 12.51% and a return on equity of 25.62%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS.
Several research analysts recently commented on the company. Piper Jaffray Companies dropped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $119.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, May 14th. Morgan Stanley dropped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. ValuEngine upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. Bank of America dropped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $128.00 and set a “buy” rating for the company in a research report on Tuesday, May 14th. Finally, SunTrust Banks assumed coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday. They issued a “buy” rating and a $125.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE currently has a consensus rating of “Buy” and a consensus price target of $125.64.
In other TAKE-TWO INTERACTIVE SOFTWARE news, CEO Strauss Zelnick sold 144,614 shares of the firm’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 is accessible through this hyperlink. Also, insider Daniel P. Emerson sold 8,758 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $109.92, for a total transaction of $962,679.36. The disclosure for this sale can be found here. In the last three months, insiders sold 178,607 shares of company stock valued at $17,306,975. 1.07% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in TTWO. Gables Capital Management Inc. bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter valued at approximately $288,000. Wakefield Asset Management LLLP bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter valued at approximately $911,000. Retirement Systems of Alabama raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.4% during the first quarter. Retirement Systems of Alabama now owns 52,693 shares of the company’s stock valued at $4,973,000 after acquiring an additional 200 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 539.7% during the fourth quarter. APG Asset Management N.V. now owns 158,000 shares of the company’s stock valued at $14,228,000 after acquiring an additional 133,300 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 24.2% during the fourth quarter. Prudential Financial Inc. now owns 150,523 shares of the company’s stock valued at $15,495,000 after acquiring an additional 29,305 shares in the last quarter. 93.73% of the stock is owned by institutional investors and hedge funds.
Shares of TAKE-TWO INTERACTIVE SOFTWARE stock traded up $1.84 during trading on Thursday, reaching $113.39. 1,207,542 shares of the stock traded hands, compared to its average volume of 2,419,467. The firm has a market cap of $12.70 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 3.51 and a beta of 0.83. The firm’s fifty day moving average price is $107.95. TAKE-TWO INTERACTIVE SOFTWARE has a 52-week low of $84.41 and a 52-week high of $139.91.
About TAKE-TWO INTERACTIVE SOFTWARE
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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