Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Expected to Report Earnings of $1.13 Per Share

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Stock analysts expect Take-Two Interactive Software, Inc. (NASDAQ:TTWO) to report earnings per share of $1.13 for the current quarter, according to Zacks Investment Research. Eighteen analysts have made earnings estimates for Take-Two Interactive Software, with the highest EPS estimate being $1.29 and the lowest estimate being $0.96. Take-Two Interactive Software reported earnings per share of $1.25 in the same quarter last year, which would indicate a negative 9.6% year-over-year growth rate. The company is expected to announce its next results after the market closes on Monday, February 7.

Zacks says analysts expect Take-Two Interactive Software to report annual earnings of $4.81 per share for the current fiscal year, with EPS estimates ranging from $4.21 to $6.00 . For the next fiscal year, analysts expect the company to post earnings of $6.45 per share, with EPS estimates ranging from $4.79 to $8.40. Zacks EPS calculations are an average based on a survey of sell-side research analysts who cover Take-Two Interactive Software.

Take-Two Interactive Software (NASDAQ:TTWO) last reported quarterly earnings data on Wednesday, November 3. The company reported EPS of $1.63 for the quarter, beating Thomson Reuters consensus estimate of $1.03 by $0.60. The company posted revenue of $984.85 million for the quarter, versus a consensus estimate of $865.20 million. Take-Two Interactive Software achieved a return on equity of 15.60% and a net margin of 16.72%. In the same quarter a year earlier, the company posted EPS of $1.71.

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TTWO has been the subject of a number of recent research reports. Exane BNP Paribas has upgraded Take-Two Interactive Software from a “neutral” rating to an “outperforming” rating and lowered its price target for the stock from $215.00 to $180.00 in a research report from the Wednesday January 19. BMO Capital Markets upgraded Take-Two Interactive Software from a “market performance” rating to an “outperform” rating and set a price target of $180.00 for the company in a research note from the Wednesday January 12. JPMorgan Chase & Co. raised its price target on Take-Two Interactive Software from $190.00 to $200.00 and gave the stock a “neutral” rating in a Wednesday, October 27 research note. Wedbush cut its price target on Take-Two Interactive Software from $222.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, MKM Partners raised its price target on Take-Two Interactive Software from $186.00 to $200.00 and gave the stock a “neutral” rating in a Wednesday, November 10 report. Six equity research analysts gave the stock a hold rating and fifteen gave the stock a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $203.38.

Shares of TTWO traded at $4.07 in midday trading Monday, hitting $162.81. 138,369 shares were traded, against an average volume of 3,283,663. Take-Two Interactive Software has a 52-week low of $138.19 and a 52-week high of $214.91. The company’s 50-day moving average is $166.82 and its two-hundred-day moving average is $166.71. The company has a market capitalization of $18.77 billion, a P/E ratio of 33.64, a PEG ratio of 4.09 and a beta of 0.63.

In other Take-Two Interactive Software news, director Michael Sheresky sold 167 shares of the company in a trade that took place on Monday, November 15. The stock was sold at an average price of $185.11, for a total transaction of $30,913.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, insider Daniel P. Emerson sold 2,200 shares of the company in a trade that took place on Monday, November 8. The shares were sold at an average price of $183.98, for a total value of $404,756.00. The disclosure of this sale can be found here. Company insiders own 0.90% of the company’s shares.

Several hedge funds have recently changed their holdings in TTWO. Alliancebernstein LP increased its holdings of Take-Two Interactive Software stock by 51.7% in Q3. Alliancebernstein LP now owns 4,001,971 shares of the company worth $616,584,000 after acquiring an additional 1,363,426 shares during the period. Caisse DE Dépôt ET Placement DU Québec increased its stake in Take-Two Interactive Software by 23,129.3% during the second quarter. Caisse DE Dépôt ET Placement DU Quebec now owns 751,003 shares of the company valued at $132,943,000 after purchasing an additional 747,770 shares in the last quarter. Macquarie Group Ltd. increased its stake in Take-Two Interactive Software by 200.2% during the second quarter. Macquarie Group Ltd. now owns 896,580 shares of the company valued at $158,713,000 after purchasing an additional 597,872 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Take-Two Interactive Software by 37.9% during the third quarter. UBS Asset Management Americas Inc. now owns 1,575,470 shares of the company valued at $242,733,000 after purchasing an additional 432,685 shares in the last quarter. Finally, Rivulet Capital LLC acquired a new stake in Take-Two Interactive Software during Q3 at a value of $57,969,000. 84.72% of the shares are held by institutional investors and hedge funds.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc. engages in the development, publishing and marketing of interactive software games. Its products are designed for console systems, portable gaming systems and personal computers, including smartphones and tablets; and are delivered via physical retail, digital download, online platforms and cloud streaming services.

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

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