Brokers Issue Forecasts for Take-Two Interactive Software, Inc.’s FY2024 Earnings (NASDAQ:TTWO)
Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) – Investment analysts at KeyCorp reduced their FY2024 EPS estimates for shares of Take-Two Interactive Software in a note issued to investors on Monday, October 24th. KeyCorp analyst T. Parker now anticipates that the company will earn $5.70 per share for the year, down from their prior estimate of $5.72. The consensus estimate for Take-Two Interactive Software’s current full-year earnings is $3.07 per share.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.18). Take-Two Interactive Software had a net margin of 4.26% and a return on equity of 8.21%. The company had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the company posted $0.70 EPS. The firm’s quarterly revenue was up 40.6% on a year-over-year basis.
A number of other analysts also recently issued reports on the stock. UBS Group cut their price objective on shares of Take-Two Interactive Software from $185.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, June 29th. Morgan Stanley cut their price objective on shares of Take-Two Interactive Software from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating and cut their price target for the stock from $200.00 to $160.00 in a report on Wednesday, August 17th. BMO Capital Markets cut their price target on shares of Take-Two Interactive Software from $182.00 to $155.00 in a report on Thursday, September 1st. Finally, The Goldman Sachs Group raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their price objective for the company from $131.00 to $165.00 in a research note on Wednesday, October 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.00.
Take-Two Interactive Software Stock Up 1.6 %
Shares of TTWO opened at $125.03 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $14.48 billion, a P/E ratio of 82.26, a price-to-earnings-growth ratio of 2.25 and a beta of 0.79. Take-Two Interactive Software has a 52 week low of $101.85 and a 52 week high of $195.82. The firm’s 50-day simple moving average is $121.14 and its 200 day simple moving average is $124.18.
Institutional Trading of Take-Two Interactive Software
Several institutional investors and hedge funds have recently modified their holdings of TTWO. Kestra Advisory Services LLC lifted its stake in Take-Two Interactive Software by 10.3% during the 1st quarter. Kestra Advisory Services LLC now owns 3,907 shares of the company’s stock valued at $601,000 after acquiring an additional 366 shares in the last quarter. Brinker Capital Investments LLC lifted its position in shares of Take-Two Interactive Software by 14.2% during the second quarter. Brinker Capital Investments LLC now owns 24,260 shares of the company’s stock valued at $2,973,000 after purchasing an additional 3,010 shares in the last quarter. State of Alaska Department of Revenue grew its position in Take-Two Interactive Software by 37.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 77,086 shares of the company’s stock worth $9,445,000 after purchasing an additional 20,850 shares in the last quarter. Ieq Capital LLC purchased a new stake in Take-Two Interactive Software in the 2nd quarter valued at about $472,000. Finally, Banque Cantonale Vaudoise lifted its position in shares of Take-Two Interactive Software by 383.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 16,671 shares of the company’s stock worth $2,564,000 after buying an additional 13,222 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services.
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