Brokerages expect Take-Two Interactive Software, Inc. (NASDAQ:TTWO) to post earnings per share of $0.99


Brokers expect Take-Two Interactive Software, Inc. (NASDAQ: TWOGet a rating) to report earnings per share of $0.99 for the current fiscal quarter, based on Zacks. Eighteen analysts provided earnings estimates for Take-Two Interactive Software. The highest EPS estimate is $1.36 and the lowest is $0.77. Take-Two Interactive Software reported earnings of $1.44 per share in the same quarter last year, suggesting a negative 31.3% year-over-year growth rate. The company is expected to release its next quarterly results after the market closes on Monday, January 1.

Analysts expect Take-Two Interactive Software to report annual earnings of $4.96 per share for the current year, with EPS estimates ranging from $4.74 to $5.35, according to Zacks. . For the next fiscal year, analysts expect the company to report earnings of $6.21 per share, with EPS estimates ranging from $4.45 to $7.75. Zacks Investment Research’s EPS calculations are an average average based on a survey of sell-side research companies that track Take-Two Interactive Software.

Take-Two interactive software (NASDAQ: TWOGet a rating) last announced its quarterly results on Monday, February 7. The company reported EPS of $1.13 for the quarter, beating analyst consensus estimates of $0.82 by $0.31. The company posted revenue of $866.12 million in the quarter, compared to $867.93 million expected by analysts. Take-Two Interactive Software achieved a net margin of 15.40% and a return on equity of 15.63%. The company’s revenue for the quarter increased by 6.4% compared to the same quarter last year. In the same quarter last year, the company earned earnings per share of $0.95.

Several analysts have recently weighed in on TTWO shares. MKM Partners upgraded Take-Two Interactive Software’s shares from a “neutral” rating to a “buy” rating and set a price target of $200.00 for the company in a Friday, March 4 report. BNP Paribas upgraded shares of Take-Two Interactive Software from a “neutral” rating to an “outperforming” rating and raised its price target for the stock from $180.00 to $215.00 in a report Wednesday, January 19. KeyCorp raised its price target on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “overweight” rating in a Tuesday, February 8 report. Wedbush lowered its price target on Take-Two Interactive Software shares from $222.00 to $200.00 and set an “outperform” rating for the company in a Thursday, January 27 report. Finally, Bank of America began covering shares of Take-Two Interactive Software in a report on Wednesday, April 6. They set a “buy” rating for the company. Five equity research analysts gave the stock a hold rating and fifteen gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $196.67.

NASDAQ TWO opened at $136.41 on Friday. The company has a market capitalization of $15.75 billion, a price/earnings ratio of 30.25, a PEG ratio of 2.69 and a beta of 0.64. The company has a 50-day moving average of $151.52 and a 200-day moving average of $164.34. Take-Two Interactive Software has a 1-year minimum of $131.37 and a 1-year maximum of $195.82.

In other Take-Two Interactive Software news, Chairman Karl Slatoff sold 152,373 shares of Take-Two Interactive Software in a trade on Wednesday, April 13. The shares were sold at an average price of $138.64, for a total transaction of $21,124,992.72. Following the completion of the sale, the president now owns 437,067 shares of the company, valued at approximately $60,594,968.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. 0.90% of the shares are currently held by insiders.

Institutional investors and hedge funds have recently increased or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Take-Two Interactive Software by 2.8% during the fourth quarter. BlackRock Inc. now owns 10,527,202 shares of the company worth $1,870,892,000 after purchasing an additional 284,978 shares last quarter. State Street Corp increased its position in shares of Take-Two Interactive Software by 1.7% during the fourth quarter. State Street Corp now owns 5,594,611 shares of the company worth $994,274,000 after purchasing an additional 95,435 shares last quarter. Alliancebernstein LP increased its position in shares of Take-Two Interactive Software by 18.0% during the fourth quarter. Alliancebernstein LP now owns 4,722,683 shares of the company worth $839,315,000 after purchasing an additional 720,712 shares last quarter. Geode Capital Management LLC increased its position in shares of Take-Two Interactive Software by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,240,885 shares of the company worth $397,335,000 after purchasing an additional 41,947 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in Take-Two Interactive Software shares by 24.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,775,427 shares of the company worth $315,529,000 after purchasing an additional 353,227 shares last quarter. 84.68% of the shares are held by hedge funds and other institutional investors.

About Take-Two Interactive Software (Get a rating)

Take-Two Interactive Software, Inc. develops, publishes and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, Social Point and Playdots labels. It develops and publishes action/adventure products under the names Grand Theft Auto, Max Payne, Midnight Club and Red Dead Redemption; and features episodes and content.

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Earnings history and estimates for Take-Two Interactive Software (NASDAQ: TTWO)



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