Brokers Offer Predictions for Take-Two Interactive Software, Inc.’s FY2027 Earnings (NASDAQ:TTWO)
Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) – Jefferies Financial Group upped their FY2027 EPS estimates for Take-Two Interactive Software in a note issued to investors on Friday, June 10th. Jefferies Financial Group analyst A. Uerkwitz now anticipates that the company will post earnings of $7.45 per share for the year, up from their previous estimate of $7.15. The consensus estimate for Take-Two Interactive Software’s current full-year earnings is $3.33 per share.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last released its quarterly earnings results on Monday, May 16th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.25. Take-Two Interactive Software had a net margin of 11.93% and a return on equity of 12.63%. The business had revenue of $845.78 million for the quarter, compared to analyst estimates of $884.62 million. During the same period in the previous year, the company earned $1.66 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis.
A number of other equities research analysts have also weighed in on the stock. Bank of America assumed coverage on shares of Take-Two Interactive Software in a report on Wednesday, April 6th. They set a “buy” rating on the stock. Cowen dropped their price objective on shares of Take-Two Interactive Software from $229.00 to $185.00 in a report on Tuesday, May 17th. Wedbush boosted their price objective on shares of Take-Two Interactive Software from $145.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, June 8th. StockNews.com assumed coverage on shares of Take-Two Interactive Software in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Take-Two Interactive Software in a report on Thursday. They set an “overweight” rating and a $175.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $182.05.
NASDAQ TTWO opened at $127.95 on Monday. The firm has a market capitalization of $14.82 billion, a P/E ratio of 35.74, a P/E/G ratio of 1.77 and a beta of 0.77. Take-Two Interactive Software has a 12-month low of $101.85 and a 12-month high of $195.82. The firm’s fifty day simple moving average is $127.14 and its two-hundred day simple moving average is $150.42.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quent Capital LLC acquired a new position in shares of Take-Two Interactive Software during the 1st quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Take-Two Interactive Software by 140.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 178 shares of the company’s stock worth $32,000 after purchasing an additional 104 shares during the last quarter. Huntington National Bank raised its position in shares of Take-Two Interactive Software by 62.3% during the 4th quarter. Huntington National Bank now owns 185 shares of the company’s stock worth $33,000 after purchasing an additional 71 shares during the last quarter. Selective Wealth Management Inc. acquired a new position in shares of Take-Two Interactive Software during the 4th quarter worth about $36,000. Finally, MCF Advisors LLC acquired a new position in shares of Take-Two Interactive Software during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 88.08% of the company’s stock.
In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 3,125 shares of the company’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $127.78, for a total value of $399,312.50. Following the completion of the transaction, the insider now owns 95,572 shares in the company, valued at $12,212,190.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Karl Slatoff sold 152,373 shares of the company’s stock in a transaction dated Wednesday, April 13th. The stock was sold at an average price of $138.64, for a total transaction of $21,124,992.72. Following the transaction, the president now owns 437,067 shares of the company’s stock, valued at approximately $60,594,968.88. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.
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.
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