Equities research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) will report sales of $354.47 million for the current fiscal quarter, Zacks Investment Research reports. Seventeen analysts have issued estimates for TAKE-TWO INTERACTIVE SOFTWARE’s earnings. The highest sales estimate is $375.13 million and the lowest is $324.63 million. TAKE-TWO INTERACTIVE SOFTWARE reported sales of $288.33 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.9%. The firm is scheduled to issue its next earnings report after the market closes on Monday, August 5th.
On average, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will report full year sales of $2.65 billion for the current fiscal year, with estimates ranging from $2.50 billion to $2.76 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.79 billion, with estimates ranging from $2.50 billion to $3.66 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for TAKE-TWO INTERACTIVE SOFTWARE.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Monday, May 13th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.07). TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 25.62% and a net margin of 12.51%. The firm had revenue of $488.40 million for the quarter, compared to the consensus estimate of $500.86 million. During the same period in the prior year, the business earned $0.70 EPS. The company’s quarterly revenue was up 18.7% on a year-over-year basis.
NASDAQ:TTWO traded down $1.64 during trading hours on Monday, reaching $116.06. 738,467 shares of the stock were exchanged, compared to its average volume of 1,120,336. The company’s 50 day moving average is $113.17. TAKE-TWO INTERACTIVE SOFTWARE has a 52 week low of $84.41 and a 52 week high of $139.91. The firm has a market cap of $13.25 billion, a PE ratio of 29.91, a P/E/G ratio of 3.63 and a beta of 0.80.
In other news, CEO Strauss Zelnick sold 25,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $108.74, for a total value of $2,718,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel P. Emerson sold 8,758 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $109.92, for a total value of $962,679.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,993 shares of company stock valued at $3,706,028. 1.07% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Cornerstone Advisors Inc. boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 121.0% during the second quarter. Cornerstone Advisors Inc. now owns 221 shares of the company’s stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Phocas Financial Corp. acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter valued at $26,000. CSat Investment Advisory L.P. boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 65.5% during the first quarter. CSat Investment Advisory L.P. now owns 336 shares of the company’s stock valued at $32,000 after purchasing an additional 133 shares during the last quarter. Exane Derivatives acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the first quarter valued at $37,000. Finally, First Hawaiian Bank boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 46.7% during the first quarter. First Hawaiian Bank now owns 440 shares of the company’s stock valued at $42,000 after purchasing an additional 140 shares during the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.
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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