Digital Arts Inc. (NASDAQ:EA – Get Ranking) – Analysts at Wedbush decreased their Q2 2023 earnings estimates for shares of Digital Arts in a report issued on Wednesday, August third. Wedbush analyst M. Pachter now expects that the sport software program firm will earn $0.97 per share for the quarter, down from their earlier estimate of $1.15. The consensus estimate for Digital Arts’ present full-year earnings is $5.45 per share. Wedbush additionally issued estimates for Digital Arts’ Q3 2023 earnings at $2.79 EPS, This fall 2023 earnings at $1.60 EPS, FY2023 earnings at $5.49 EPS, Q1 2024 earnings at $0.48 EPS, Q2 2024 earnings at $1.18 EPS, Q3 2024 earnings at $3.18 EPS, This fall 2024 earnings at $1.26 EPS and FY2024 earnings at $6.14 EPS.
Digital Arts (NASDAQ:EA – Get Ranking) final issued its earnings outcomes on Tuesday, Could tenth. The sport software program firm reported $0.82 earnings per share (EPS) for the quarter, lacking the consensus estimate of $1.04 by ($0.22). Digital Arts had a web margin of 12.43% and a return on fairness of 17.86%. The corporate had income of $1.75 billion throughout the quarter, in comparison with analyst estimates of $1.77 billion. Throughout the identical quarter within the earlier yr, the corporate posted $0.72 EPS. The corporate’s quarterly income was up 17.5% on a year-over-year foundation.
A number of different brokerages have additionally not too long ago issued studies on EA. Cowen lowered their goal value on shares of Digital Arts from $180.00 to $158.00 in a report on Wednesday, Could eleventh. Credit score Suisse Group diminished their value goal on shares of Digital Arts from $159.00 to $154.00 and set an “outperform” ranking for the corporate in a analysis report on Wednesday, August third. Moffett Nathanson downgraded shares of Digital Arts from a “purchase” ranking to a “impartial” ranking and upped their value goal for the corporate from $141.00 to $147.00 in a analysis report on Friday, June tenth. StockNews.com upgraded shares of Digital Arts from a “maintain” ranking to a “purchase” ranking in a analysis report on Wednesday, June twenty second. Lastly, Truist Monetary diminished their value goal on shares of Digital Arts to $154.00 and set a “purchase” ranking for the corporate in a analysis report on Sunday, July thirty first. 4 equities analysis analysts have rated the inventory with a maintain ranking and sixteen have assigned a purchase ranking to the inventory. Based on knowledge from MarketBeat.com, Digital Arts presently has a consensus ranking of “Average Purchase” and a consensus goal value of $154.13.
Digital Arts Buying and selling Down 0.5 %
Shares of Digital Arts inventory opened at $132.56 on Monday. The corporate has a fifty day easy shifting common of $129.68 and a 200-day easy shifting common of $128.19. Digital Arts has a 12-month low of $109.24 and a 12-month excessive of $147.76. The corporate has a present ratio of 1.24, a fast ratio of 1.18 and a debt-to-equity ratio of 0.25. The inventory has a market cap of $37.06 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 4.09 and a beta of 0.84.
Institutional Buyers Weigh In On Digital Arts
Numerous giant buyers have not too long ago added to or diminished their stakes in EA. Lindenwold Advisors boosted its stake in shares of Digital Arts by 0.8% throughout the 2nd quarter. Lindenwold Advisors now owns 13,565 shares of the sport software program firm’s inventory value $1,650,000 after buying an extra 107 shares over the past quarter. M&T Financial institution Corp boosted its stake in shares of Digital Arts by 205.9% throughout the 2nd quarter. M&T Financial institution Corp now owns 92.560 shares of the sport software program firm’s inventory value $7,025,000 after buying an extra 62,305 shares over the past quarter. Pinebridge Investments LP boosted its stake in shares of Digital Arts by 324.7% throughout the 2nd quarter. Pinebridge Investments LP now owns 39,054 shares of the sport software program firm’s inventory value $4,751,000 after buying an extra 29,858 shares over the past quarter. Markel Corp boosted its stake in shares of Digital Arts by 236.1% throughout the 2nd quarter. Markel Corp now owns 56,800 shares of the sport software program firm’s inventory value $6,910,000 after buying an extra 39,900 shares over the past quarter. Lastly, Souders Monetary Advisors boosted its stake in shares of Digital Arts by 4.5% throughout the 2nd quarter. Souders Monetary Advisors now owns 21,583 shares of the sport software program firm’s inventory value $2,626,000 after buying an extra 930 shares over the past quarter. 89.28% of the inventory is owned by institutional buyers and hedge funds.
Insider Exercise
In associated information, insider Chris Bruzzo bought 2,000 shares of the inventory in a transaction dated Wednesday, Could 18th. The shares have been bought at a mean value of $128.39, for a complete worth of $256,780.00. Following the sale, the insider now immediately owns 27,524 shares of the corporate’s inventory, valued at roughly $3,533,806.36. The sale was disclosed in a submitting with the SEC, which is out there by means of this hyperlink. In associated information, insider Chris Bruzzo bought 2,000 shares of the inventory in a transaction dated Wednesday, Could 18th. The shares have been bought at a mean value of $128.39, for a complete worth of $256,780.00. Following the sale, the insider now immediately owns 27,524 shares of the corporate’s inventory, valued at roughly $3,533,806.36. The sale was disclosed in a submitting with the SEC, which is out there by means of this hyperlink. Additionally, insider Vijayanthimala Singh bought 800 shares of the inventory in a transaction dated Monday, June thirteenth. The shares have been bought at a mean value of $131.26, for a complete transaction of $105.008.00. Following the completion of the sale, the insider now immediately owns 29,314 shares within the firm, valued at $3,847,755.64. The disclosure for this sale could be discovered right here. Insiders bought 58,895 shares of firm inventory value $7,692,454 within the final 90 days. 0.37% of the inventory is presently owned by company insiders.
Digital Arts Dividend Announcement
The enterprise additionally not too long ago declared a quarterly dividend, which shall be paid on Wednesday, September twenty first. Stockholders of document on Wednesday, August thirty first shall be issued a $0.19 dividend. The ex-dividend date is Tuesday, August thirtieth. This represents a $0.76 dividend on an annualized foundation and a dividend yield of 0.57%. Digital Arts’s dividend payout ratio is presently 24.05%.
Digital Arts Firm Profile
(Get Ranking)
Digital Arts Inc. develops, markets, publishes, and distributes video games, content material, and companies for recreation consoles, PCs, cellphones, and tablets worldwide. It develops and publishes video games and companies throughout varied genres, resembling sports activities, racing, first-person shooter, motion, role-playing, and simulation primarily underneath the Battlefield, The Sims, Apex Legends, Want for Pace, and license video games from others , together with FIFA, Madden NFL, UFC, and Star Wars manufacturers.
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