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Friday, September 29, 2023

The Street Is Finally Waking Up To Electronic Arts Inc. (NASDAQ: EA)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Electronic Arts Inc. (EA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$2.47, or -2.04%, to $118.43. The Electronic Arts Inc. has recorded 130,782 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Built From the DiRT Up, EA SPORTS™ WRC Delivers an Awe-Inspiring Off-Road Experience for the New Generation of Sim Racer.

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Stocks Info

Electronic Arts Inc. is listed on the NASDAQ as a member of the Communication Services sector and is a part of the Electronic Gaming & Multimedia industry. The current market capitalization of Electronic Arts Inc. is $32.60B. A total of 2.27 million shares were traded on the day, compared to an average of 2.12M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, EA has seen 8 BUY and 5 SELL insider trades, representing the acquisition of 44,393 and the disposition of 43,606 shares. Over the last 12 months, there were 59 BUYs and 100 SELLs from insiders. Insiders purchased 232,966 shares during that period but sold 237,692.

In the most recent transaction, Miele Laura sold 2,000 shares of EA for 120.59 per share on Sep 01. After the transaction, the Chief Operating Officer now owns 34,586 company shares. In a previous transaction on Sep 01, Singh Vijayanthimala sold 800 shares at 121.07 per share. EA shares that Chief People Officer owns now total 30,347.

Among the insiders who sold shares, Wilson Andrew disposed of 5,000 shares on Aug 28 at a per-share price of $120.00. This resulted in the CEO and Board Chair holding 39,203 shares of EA after the transaction. In another insider transaction, Ubinas Luis A sold 2,004 shares at $122.06 per share on Aug 15. Company shares held by the Director now total 0.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Electronic Arts Inc. pays an annual dividend of $0.76, resulting in a dividend yield of 0.63%, and it has a price to earnings (P/E) ratio of 37.41. EA’s most recent ex-dividend date was 8/29/2023 when it declared a $0.19 quarterly dividend that was paid in cash on 9/20/2023. Previously, the company paid the dividend on 6/21/2023 with an ex-dividend date of 5/30/2023. The EA stock dividend was $0.19 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for EA in the last 3 months, the mean price target is $142.88 with high estimates of $161.00 and low estimates of $127.00. In terms of 52-week highs and lows, EA has a high of $140.30 and a low of $108.53.

As of this writing, EA has an earnings estimate of $1.25 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $1.38 per share and a lower estimate of $1.1. The company reported an EPS of $1.78 in the last quarter, which was 35.90% higher than expectations of $1.31.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. EA’s latest balance sheet shows that the firm has $3.06B in Cash & Short Term Investments as of fiscal 2022. There were $1.88B in debt and $3.51B in liabilities at the time. Its Book Value Per Share was $26.96, while its Total Shareholder’s Equity was $7.62B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EA is Buy with a score of 3.95.

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