Electronic Arts Stock Rating Upgraded by UBS AG (EA)
Other equities research analysts have also recently issued reports about the stock. Analysts at Longbow Research upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. Separately, analysts at Hilliard Lyons reiterated a “neutral” rating on shares of Electronic Arts in a research note to investors on Wednesday. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Electronic Arts in a research note to investors on Tuesday.
One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the stock. Electronic Arts currently has a consensus rating of “Hold” and a consensus target price of $18.80.
Electronic Arts (NYSE: EA) traded up 2.48% on Thursday, hitting $17.77. Electronic Arts has a 1-year low of $10.77 and a 1-year high of $19.51. The stock’s 50-day moving average is currently $17.66. The company has a market cap of $5.332 billion and a price-to-earnings ratio of 31.70.
Electronic Arts (NYSE: EA) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.01. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.99 earnings per share. Electronic Arts’s revenue was down 28.4% compared to the same quarter last year. Electronic Arts has set its Q4 guidance at $0.57-0.72 EPS and its FY13 guidance at $0.86-1.00 EPS. Analysts expect that Electronic Arts will post $0.90 EPS for the current fiscal year.
Electronic Arts Inc. develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices (NYSE: EA).
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