Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 16th. Analysts expect Take-Two Interactive Software to post earnings of $0.70 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last released its earnings results on Monday, February 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.31. Take-Two Interactive Software had a net margin of 15.40% and a return on equity of 15.63%. The company had revenue of $866.12 million for the quarter, compared to the consensus estimate of $867.93 million. During the same quarter in the previous year, the company earned $0.95 EPS. Take-Two Interactive Software’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts expect Take-Two Interactive Software to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
TTWO opened at $114.27 on Monday. The company’s fifty day moving average price is $143.60 and its two-hundred day moving average price is $160.76. Take-Two Interactive Software has a 1-year low of $113.45 and a 1-year high of $195.82. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.24 and a beta of 0.77.
Several equities analysts recently weighed in on TTWO shares. Bank of America started coverage on shares of Take-Two Interactive Software in a research report on Wednesday, April 6th. They set a “buy” rating for the company. Moffett Nathanson downgraded shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and set a $170.00 price target on the stock. in a report on Tuesday, January 11th. TheStreet downgraded shares of Take-Two Interactive Software from a “b” rating to a “c+” rating in a research note on Tuesday, March 8th. Exane BNP Paribas raised shares of Take-Two Interactive Software from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $215.00 to $180.00 in a research note on Wednesday, January 19th. Finally, Wells Fargo & Company dropped their target price on shares of Take-Two Interactive Software from $235.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, January 11th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $196.67.
In related news, President Karl Slatoff sold 152,373 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, April 13th. The stock was sold at an average price of $138.64, for a total value of $21,124,992.72. Following the sale, the president now directly owns 437,067 shares in the company, valued at approximately $60,594,968.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.90% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. NEXT Financial Group Inc grew its stake in shares of Take-Two Interactive Software by 28.3% in the fourth quarter. NEXT Financial Group Inc now owns 2,050 shares of the company’s stock worth $364,000 after acquiring an additional 452 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Take-Two Interactive Software by 3.7% in the fourth quarter. Stifel Financial Corp now owns 15,295 shares of the company’s stock valued at $2,718,000 after buying an additional 544 shares during the last quarter. Vident Investment Advisory LLC raised its holdings in shares of Take-Two Interactive Software by 18.6% in the fourth quarter. Vident Investment Advisory LLC now owns 5,085 shares of the company’s stock valued at $903,000 after buying an additional 798 shares during the last quarter. Weiss Multi Strategy Advisers LLC raised its holdings in shares of Take-Two Interactive Software by 25.5% in the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 5,019 shares of the company’s stock valued at $892,000 after buying an additional 1,019 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in Take-Two Interactive Software during the fourth quarter worth about $204,000. 88.08% of the stock is currently owned by institutional investors.
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.
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.