Brokerages Anticipate TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO) to Post $0.79 Earnings Per Share

Brokerages forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) will announce earnings per share of $0.79 for the current fiscal quarter, according to Zacks Investment Research. Sixteen analysts have provided estimates for TAKE-TWO INTERACTIVE SOFTWARE’s earnings. The highest EPS estimate is $1.09 and the lowest is $0.61. TAKE-TWO INTERACTIVE SOFTWARE reported earnings per share of $0.69 in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.5%. The company is scheduled to report its next earnings report after the market closes on Monday, May 13th.

On average, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will report full-year earnings of $4.83 per share for the current fiscal year, with EPS estimates ranging from $4.65 to $5.14. For the next fiscal year, analysts forecast that the company will report earnings of $4.94 per share, with EPS estimates ranging from $3.84 to $6.02. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover TAKE-TWO INTERACTIVE SOFTWARE.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, February 6th. The company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $1.17. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 28.92% and a net margin of 14.26%. The business’s quarterly revenue was up 139.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 EPS.

Several brokerages have recently issued reports on TTWO. Morgan Stanley decreased their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday. BidaskClub downgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a research report on Thursday. Benchmark upped their target price on TAKE-TWO INTERACTIVE SOFTWARE from $124.00 to $156.00 and gave the stock a “buy” rating in a research report on Thursday, February 7th. ValuEngine downgraded TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. Finally, Goldman Sachs Group initiated coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, January 30th. They issued a “buy” rating and a $130.00 target price for the company. Three analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $132.02.

In related news, CEO Strauss Zelnick sold 144,614 shares of the stock in a transaction dated Thursday, April 4th. The stock was 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 link. Corporate insiders own 1.07% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of TTWO. Lavaca Capital LLC acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter worth approximately $25,000. Phocas Financial Corp. bought a new position in TAKE-TWO INTERACTIVE SOFTWARE in the 4th quarter worth approximately $26,000. Synovus Financial Corp raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 381.5% in the 4th quarter. Synovus Financial Corp now owns 260 shares of the company’s stock worth $27,000 after purchasing an additional 206 shares during the last quarter. TCI Wealth Advisors Inc. raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 348.4% in the 4th quarter. TCI Wealth Advisors Inc. now owns 278 shares of the company’s stock worth $29,000 after purchasing an additional 216 shares during the last quarter. Finally, Kistler Tiffany Companies LLC bought a new position in TAKE-TWO INTERACTIVE SOFTWARE in the 4th quarter worth approximately $31,000. 95.91% of the stock is owned by hedge funds and other institutional investors.

Shares of TTWO traded up $1.00 during midday trading on Friday, hitting $90.74. The company had a trading volume of 1,701,519 shares, compared to its average volume of 2,850,198. The stock has a market capitalization of $10.27 billion, a PE ratio of 51.85, a PEG ratio of 1.41 and a beta of 1.01. TAKE-TWO INTERACTIVE SOFTWARE has a 1 year low of $84.41 and a 1 year high of $139.91.

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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