[Business Wire] Electronic Arts Inc (NASDAQ:EA)(TREND ANALYSIS) On July 7, 2015, Chief Executive Officer Andrew Wilson announced in an employee communication that Senior Vice President and Group GM Samantha Ryan has been appointed head of EA Mobile. Ms. Ryan joined EA in March 2015 and previously served as Senior Vice President of Production & Development at Warner Bros. Interactive.
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Electronic Arts Inc (NASDAQ:EA) stock is currently trading 1.36% below its 52-week-high, 117.19% above its 52-week-low. The 1-year stock price history is in the range of $31.77 – $69.95. Electronic Arts Inc (EA) has a price to earnings ratio of 25.65 versus Technology sector average of 20.45. EA stock price has outperformed the Nasdaq by 43.8%. The Entertainment Software company is currently valued at $21.71 billion and its share price closed the last trading session at $69. The stock has a 50-day moving average of $64.44 and a 200-day moving average of $57.56.
Electronic Arts Inc (EA) current short interest stands at 18.51 million shares. It has increased by 10% from the same period of last month. Around 6% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.97 million shares, the number of days required to cover the short positions stand at 6.3 days.
The company is expected to announce next quarter earnings on July 28, at consensus estimate of $-0.09. Electronic Arts Inc (EA) reported last quarter earnings on May 05. The Entertainment Software company announced earnings per share of $0.27 against a consensus Street estimate of $0.14, beating the average estimate by $0.13. This corresponds to a decrease of $0.21 compared to the same quarter of the previous fiscal year.
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There are currently twenty-four analysts that cover Electronic Arts Inc stock. Of those twenty-four, fourteen have a Buy rating, ten have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $69.57.
A recent analyst activity consisted of UBS upgrading their Neutral rating to Buy on July 7. On the date of report, the stock closed at $69.89.
Mizuho Securities initiated their coverage on the stock with Buy rating on June 26, and fixed their price target at $75. This corresponds to a 8.7% upside from the last closing price. On the date of report, the stock closed at $67.63.
Another research firm was Brean Capital who reiterated their Outperform stance on June 24. Brean Capital increased their price target on Electronic Arts Inc from $66 to $75. This translates to a 8.7% upside from the last closing price. On the date of report, the stock closed at $67.68.
Company profile
Electronic Arts Inc. develops, publishes, and distributes branded interactive entertainment software worldwide for video game consoles, personal computers, handheld game players, and cellular handsets. The Company also provides online game-related services.
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