In today’s recent session, 0.88 million shares of the Electronic Arts, Inc. (NASDAQ:EA) have been traded, and its beta is 0.80. Most recently the company’s share price was $140.11, and it changed around -$2.48 or -1.74% from the last close, which brings the market valuation of the company to $37.02B. EA at last check was trading at a discount to its 52-week high of $153.51, offering almost -9.56% off that amount. The share price’s 52-week low was $117.47, which indicates that the recent value has risen by an impressive 16.16% since then. We note from Electronic Arts, Inc.’s average daily trading volume that its 10-day average is 1.78 million shares, with the 3-month average coming to 2.01 million.
Electronic Arts, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2.21. If we narrow it down even further, the data shows that 0 out of 27 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 5 recommended EA as a Hold, whereas 14 deemed it a Buy, and 0 rated it as Underweight. Electronic Arts, Inc. is expected to report earnings per share of 2.01 for the current quarter.
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Electronic Arts, Inc. (NASDAQ:EA) trade information
Instantly EA has been showing red trend so far today with a performance of -1.74% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 147.72 on recent trading dayincreased the stock’s daily price by 5.15%. The company’s shares are currently up 2.41% year-to-date, but still down -2.50% over the last five days. On the other hand, Electronic Arts, Inc. (NASDAQ:EA) is -6.39% down in the 30-day period. We can see from the shorts that 6.3 million shares have been sold at a short interest cover period of 3.26 day(s).
The consensus price target as assigned by Wall Street analysts is $150, which translates to bulls needing to increase their stock price by 6.59% from its current value. Analyst projections state that EA is forecast to be at a low of $118 and a high of $175.
Electronic Arts, Inc. (EA) estimates and forecasts
Electronic Arts, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 5.38 percent over the past six months and at a 11.65% annual growth rate that is well above the industry average of 5.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 37.70% in revenue this quarter, and will report an increase of 15.90% in the next quarter. The year-over-year growth rate is expected to be 2.30%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of 2.03B in revenue for the current quarter. 17 analysts expect Electronic Arts, Inc. to make 2.5B in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.04%. Electronic Arts, Inc. earnings are expected to increase by 11.13% in 2024, but the outlook is positive 12.90% per year for the next five years.
EA Dividends
Electronic Arts, Inc.’s next quarterly earnings report is expected to be released on 2024-Oct-29. The annual dividend yield of the stock is 0.54 percent and its annual dividend per share was 0.76. It is important to note, however, that the 0.54% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Electronic Arts, Inc. (NASDAQ:EA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.21% of Electronic Arts, Inc. shares, and 98.22% of them are in the hands of institutional investors. The stock currently has a share float of 98.43%. Electronic Arts, Inc. stock is held by 1463.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.7832% of the shares, which is about 29.11 million shares worth $4.06 billion.
BLACKROCK INC., with 10.3025% or 27.82 million shares worth $3.88 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 8.43 shares worth $1.18 billion, making up 3.19% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 6.24 shares worth around $875.87 million, which represents about 2.36% of the total shares outstanding.
