FY2023 EPS Estimates for Digital Arts Inc. (NASDAQ:EA) Lowered by KeyCorp

Digital Arts Inc. (NASDAQ:EAGet Ranking) – Equities analysis analysts at KeyCorp reduce their FY2023 earnings per share estimates for shares of Digital Arts in a report launched on Tuesday, August 2nd. KeyCorp analyst T. Parker now anticipates that the sport software program firm will earn $5.46 per share for the 12 months, down from their prior estimate of $5.52. The consensus estimate for Digital Arts’ present full-year earnings is $5.45 per share.

Digital Arts (NASDAQ:EAGet Ranking) final posted its quarterly earnings outcomes on Tuesday, Might tenth. The sport software program firm reported $0.82 earnings per share for the quarter, lacking analysts’ consensus estimates of $1.04 by ($0.22). Digital Arts had a return on fairness of 17.86% and a internet margin of 12.43%. The agency had income of $1.75 billion for the quarter, in comparison with analyst estimates of $1.77 billion. Throughout the identical interval final 12 months, the corporate posted $0.72 earnings per share. The agency’s quarterly income was up 17.5% in comparison with the identical quarter final 12 months.

Quite a few different analysis companies additionally not too long ago weighed in on EA. Barclays upped their value goal on Digital Arts from $114.00 to $125.00 and gave the inventory an “equal weight” score in a analysis word on Tuesday, July nineteenth. Sanford C. Bernstein started protection on Digital Arts in a analysis word on Friday, April twenty second. They issued an “outperform” score and a $157.00 value goal for the corporate. Stifel Nicolaus lowered their value goal on Digital Arts from $155.00 to $153.00 and set a “purchase” score for the corporate in a analysis word on Monday, July twenty fifth. Morgan Stanley lowered their value goal on Digital Arts from $150.00 to $145.00 and set an “equal weight” score for the corporate in a analysis word on Monday, June thirteenth. Lastly, Robert W. Baird lowered their value goal on Digital Arts from $165.00 to $140.00 in a analysis word on Wednesday, Might eleventh. 4 equities analysis analysts have rated the inventory with a maintain score and sixteen have given a purchase score to the inventory. Primarily based on information from MarketBeat, Digital Arts at present has a consensus score of “Reasonable Purchase” and a consensus value goal of $154.13.

Digital Arts Inventory Down 0.5 %

EA inventory opened at $132.56 on Friday. The inventory’s 50 day easy transferring common is $129.68 and its 200 day easy transferring common is $128.33. Digital Arts has a fifty-two week low of $109.24 and a fifty-two week excessive of $147.76. The corporate has a debt-to-equity ratio of 0.25, a fast ratio of 1.18 and a present ratio of 1.24. The corporate has a market cap of $37.06 billion, a P/E ratio of 41.95, a price-to-earnings-growth ratio of two.19 and a beta of 0.84.

Institutional Traders Weigh In On Digital Arts

A number of giant buyers have not too long ago added to or decreased their stakes within the enterprise. GYL Monetary Synergies LLC boosted its stake in Digital Arts by 2.0% in the course of the fourth quarter. GYL Monetary Synergies LLC now owns 3,900 shares of the sport software program firm’s inventory valued at $514,000 after shopping for a further 77 shares in the course of the interval. Bradley Foster & Sargent Inc. CT boosted its stake in Digital Arts by 2.1% in the course of the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,096 shares of the sport software program firm’s inventory valued at $540,000 after shopping for a further 85 shares in the course of the interval. Household Legacy Inc. boosted its stake in Digital Arts by 2.8% in the course of the first quarter. Household Legacy Inc. now owns 3,171 shares of the sport software program firm’s inventory valued at $401,000 after shopping for a further 85 shares in the course of the interval. Scotia Capital Inc. boosted its stake in Digital Arts by 1.1% in the course of the second quarter. Scotia Capital Inc. now owns 7,965 shares of the sport software program firm’s inventory valued at $969,000 after shopping for a further 85 shares in the course of the interval. Lastly, Prime Capital Funding Advisors LLC boosted its stake in Digital Arts by 0.8% in the course of the fourth quarter. Prime Capital Funding Advisors LLC now owns 10,891 shares of the sport software program firm’s inventory valued at $1,437,000 after shopping for a further 91 shares in the course of the interval. Institutional buyers personal 89.28% of the corporate’s inventory.

Insider Shopping for and Promoting at Digital Arts

In different information, CEO Andrew Wilson offered 4,056 shares of the agency’s inventory in a transaction on Monday, Might twenty third. The inventory was offered at a median value of $133.88, for a complete worth of $543,017.28. Following the completion of the transaction, the chief government officer now instantly owns 110,669 shares of the corporate’s inventory, valued at $14,816,365.72. The transaction was disclosed in a submitting with the Securities & Change Fee, which is offered by means of this hyperlink. In different information, COO Laura Miele offered 3,100 shares of the agency’s inventory in a transaction on Wednesday, June 1st. The inventory was offered at a median value of $138.85, for a complete worth of $430,435.00. Following the completion of the transaction, the chief working officer now instantly owns 36,700 shares of the corporate’s inventory, valued at $5,095,795. The transaction was disclosed in a submitting with the Securities & Change Fee, which is offered by means of this hyperlink. Additionally, CEO Andrew Wilson offered 4,056 shares of the agency’s inventory in a transaction on Monday, Might twenty third. The inventory was offered at a median value of $133.88, for a complete worth of $543,017.28. Following the completion of the transaction, the chief government officer now instantly owns 110,669 shares of the corporate’s inventory, valued at $14,816,365.72. The disclosure for this sale will be discovered right here. During the last ninety days, insiders offered 58,895 shares of firm inventory valued at $7,692,454. Firm insiders personal 0.37% of the corporate’s inventory.

Digital Arts Dividend Announcement

The corporate additionally not too long ago disclosed a quarterly dividend, which will likely be paid on Wednesday, September twenty first. Shareholders of report on Wednesday, August thirty first will likely be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.57%. The ex-dividend date is Tuesday, August thirtieth. Digital Arts’s dividend payout ratio (DPR) is 24.05%.

Digital Arts Firm Profile

(Get Ranking)

Digital Arts Inc develops, markets, publishes, and distributes video games, content material, and providers for recreation consoles, PCs, cellphones, and tablets worldwide. It develops and publishes video games and providers throughout varied genres, akin to sports activities, racing, first-person shooter, motion, role-playing, and simulation primarily beneath the Battlefield, The Sims, Apex Legends, Want for Velocity, and license video games from others, together with FIFA, Madden NFL, UFC, and Star Wars manufacturers.

See Additionally

Earnings History and Estimates for Electronic Arts (NASDAQ:EA)

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