Analysts expect Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) to post $0.75 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Take-Two Interactive Software’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $1.13. Take-Two Interactive Software reported earnings of $1.07 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 29.9%. The company is expected to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Take-Two Interactive Software will report full-year earnings of $4.72 per share for the current fiscal year, with EPS estimates ranging from $4.05 to $6.15. For the next financial year, analysts expect that the business will post earnings of $7.75 per share, with EPS estimates ranging from $4.25 to $9.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Take-Two Interactive Software.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last posted its earnings results on Monday, May 16th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.25. The company had revenue of $845.78 million during the quarter, compared to analyst estimates of $884.62 million. Take-Two Interactive Software had a net margin of 11.93% and a return on equity of 12.63%. Take-Two Interactive Software’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 earnings per share.
TTWO has been the subject of a number of analyst reports. Cowen dropped their target price on shares of Take-Two Interactive Software from $229.00 to $185.00 in a report on Tuesday, May 17th. StockNews.com assumed coverage on shares of Take-Two Interactive Software in a research note on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet downgraded shares of Take-Two Interactive Software from a “b” rating to a “c+” rating in a research note on Tuesday, March 8th. MKM Partners decreased their price target on shares of Take-Two Interactive Software to $180.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Finally, Morgan Stanley decreased their price target on shares of Take-Two Interactive Software from $215.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, May 17th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Take-Two Interactive Software has an average rating of “Buy” and an average target price of $184.27.
Shares of Take-Two Interactive Software stock traded down $2.08 during trading on Friday, reaching $126.97. 1,688,350 shares of the stock were exchanged, compared to its average volume of 4,758,999. The stock’s fifty day moving average is $129.73 and its 200 day moving average is $152.03. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 35.47, a price-to-earnings-growth ratio of 1.79 and a beta of 0.77. Take-Two Interactive Software has a 1 year low of $101.85 and a 1 year high of $195.82.
In other news, President Karl Slatoff sold 152,373 shares of the stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $138.64, for a total transaction of $21,124,992.72. Following the sale, the president now owns 437,067 shares in the company, valued at $60,594,968.88. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.90% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of TTWO. First Republic Investment Management Inc. boosted its holdings in Take-Two Interactive Software by 10.4% in the third quarter. First Republic Investment Management Inc. now owns 2,461 shares of the company’s stock worth $379,000 after purchasing an additional 232 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Take-Two Interactive Software by 11.2% in the third quarter. Rockefeller Capital Management L.P. now owns 9,800 shares of the company’s stock worth $1,509,000 after purchasing an additional 984 shares during the last quarter. Jump Financial LLC purchased a new stake in Take-Two Interactive Software in the third quarter worth approximately $412,000. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Take-Two Interactive Software by 0.5% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,000 shares of the company’s stock worth $1,849,000 after acquiring an additional 60 shares during the last quarter. Finally, Natixis purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter worth $4,933,000. Hedge funds and other institutional investors own 88.08% of the company’s stock.
Take-Two Interactive Software Company Profile (Get 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 Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content.
Get a free copy of the Zacks research report on Take-Two Interactive Software (TTWO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Take-Two Interactive Software Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Take-Two Interactive Software and related companies with MarketBeat.com’s FREE daily email newsletter.