Are Analysts Expecting A Better 2020 For Electronic Arts, Inc. (EA)?

Electronic Arts, Inc. (EA) concluded trading on Thursday at a closing price of $129.18, with 2.3 million shares of worth about $296.66 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.86% during that period and on April 11, 2024 the price saw a loss of about -0.09%. Currently the company’s common shares owned by public are about 272.91M shares, out of which, 241.78M shares are available for trading.

Stock saw a price change of -0.29% in past 5 days and over the past one month there was a price change of -5.03%. Year-to-date (YTD), EA shares are showing a performance of -5.58% which increased to 2.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $117.47 but also hit the highest price of $144.53 during that period. The average intraday trading volume for Electronic Arts, Inc. shares is 2.13 million. The stock is currently trading -2.21% below its 20-day simple moving average (SMA20), while that difference is down -5.14% for SMA50 and it goes to -1.85% lower than SMA200.

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Electronic Arts, Inc. (NASDAQ: EA) currently have 272.91M outstanding shares and institutions hold larger chunk of about 83.67% of that.

The stock has a current market capitalization of $34.54B and its 3Y-monthly beta is at 0.78. PE ratio of stock for trailing 12 months is 32.62, while it has posted earnings per share of $3.96 in the same period. Its PEG reads 2.79 and has Quick Ratio of 1.33 while making debt-to-equity ratio of 0.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EA, volatility over the week remained 1.29% while standing at 1.54% over the month.

Analysts are in expectations that Electronic Arts, Inc. (EA) stock would likely to be making an EPS of $1.54 in the current quarter, while forecast for next quarter EPS is $0.84 and it is $7.58 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.34 which is $1.66 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.78 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 12.30% while it is estimated to increase by 7.03% in next year. EPS is likely to grow at an annualized rate of 11.70% for next 5-years, compared to annual growth of -2.89% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on January 18, 2024 offering a Buy rating for the stock and assigned a target price range of between $152 and $155 to it. Coverage by BMO Capital Markets stated Electronic Arts, Inc. (EA) stock as an Outperform in their note to investors on January 09, 2024, suggesting a price target of $160 for the stock. On December 12, 2023, Wolfe Research Initiated their recommendations, while on October 10, 2023, BofA Securities Upgrade their ratings for the stock with a price target of $150. Stock get a Neutral rating from UBS on August 02, 2023.

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