Wall Street brokerages expect Take-Two Interactive Software, Inc. (NASDAQ: TTWO) to report sales of $ 879.18 million for the current fiscal quarter, according to Zacks Investment Research. Seventeen analysts have released earnings estimates for Take-Two Interactive Software, with estimates ranging from $ 823.02 million to $ 969.97 million. Take-Two Interactive Software reported revenue of $ 814.28 million in the same quarter last year, suggesting a positive growth rate of 8% year-over-year. The company is expected to announce its next results on Monday, February 14.
On average, analysts expect Take-Two Interactive Software to report annual revenue of $ 3.47 billion for the current fiscal year, with estimates ranging from $ 3.26 billion to $ 3 billion. , 64 billion dollars. For the next fiscal year, analysts predict the company will post revenue of $ 3.96 billion, with estimates ranging from $ 3.60 billion to $ 4.56 billion. Zacks’ sales calculations are an average based on a survey of seller-side analysts who follow Take-Two Interactive Software.
Take-Two Interactive Software (NASDAQ: TTWO) last reported its quarterly results on Wednesday, November 3. The company reported earnings per share (EPS) of $ 1.63 for the quarter, beating the Zacks consensus estimate of $ 1.03 by $ 0.60. The company posted revenue of $ 984.85 million in the quarter, compared to a consensus estimate of $ 865.20 million. Take-Two Interactive Software generated a net margin of 16.72% and a return on equity of 15.60%. In the same quarter of last year, the company posted EPS of $ 1.71.
Several equity analysts weighed on TTWO stocks. MKM Partners raised its price target for Take-Two Interactive Software’s stock from $ 186.00 to $ 200.00 and rated the company “neutral” in a report released on Wednesday, November 10. Wells Fargo & Company lowered its price target for Take-Two Interactive Software’s stock from $ 235.00 to $ 190.00 and set an “overweight” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised its price target for Take-Two Interactive Software’s stock from $ 218.00 to $ 225.00 and gave the stock a “buy” rating in a research note on Tuesday November 9. KeyCorp raised Take-Two Interactive Software’s shares from a “sector weight” rating to an “overweight” rating and set a price target of $ 185.00 on the stock in a research note on Tuesday. Finally, BMO Capital Markets upgraded the shares of Take-Two Interactive Software from a “market performance” rating to an “outperformance” rating and set a target price of $ 180.00 for the stock in a. research report released Wednesday. Seven analysts rated the stock with a conservation rating and fifteen gave the stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $ 206.29.
Shares of TTWO opened at $ 156.06 on Thursday. The company has a 50-day simple moving average of $ 172.49 and a 200-day simple moving average of $ 168.13. Take-Two Interactive Software has a 52 week low of $ 138.19 and a 52 week high of $ 214.91. The company has a market cap of $ 17.99 billion, a PE ratio of 32.24, a P / E / G ratio of 4.69, and a beta of 0.63.
In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 2,200 shares of Take-Two Interactive Software in a trade on Monday, November 8. The shares were sold for an average price of $ 183.98, for a total value of $ 404,756.00. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through this link. Additionally, director Michael Sheresky sold 167 shares of Take-Two Interactive Software in a trade on Monday, November 15. The stock was sold for an average price of $ 185.11, for a total trade of $ 30,913.37. Disclosure of this sale can be found here. Insiders own 0.90% of the shares of the company.
Several institutional investors and hedge funds have recently changed their positions in TTWO. Total Clarity Wealth Management Inc. acquired a new position in the shares of Take-Two Interactive Software during the third quarter valued at $ 27,000. MCF Advisors LLC acquired a new stake in Take-Two Interactive Software in the third quarter valued at approximately $ 32,000. Toth Financial Advisory Corp increased its stake in Take-Two Interactive Software by 130.0% in the third quarter. Toth Financial Advisory Corp now owns 230 shares of the company valued at $ 35,000 after purchasing 130 additional shares during the period. Berman Capital Advisors LLC increased its stake in Take-Two Interactive Software by 74.4% in the second quarter. Berman Capital Advisors LLC now owns 204 shares of the company valued at $ 36,000 after purchasing 87 additional shares during the period. Finally, Hexagon Capital Partners LLC increased its stake in Take-Two Interactive Software by 32.0% in the second quarter. Hexagon Capital Partners LLC now owns 264 shares of the company valued at $ 47,000 after purchasing 64 additional shares during the period. 85.93% of the shares are held by institutional investors.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is engaged in the development, publication and marketing of interactive software games. Its products are designed for consoles, handheld game consoles and personal computers, including smartphones and tablets; and are delivered through physical retail, digital download, online platforms and cloud streaming services.
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