Take-Two Interactive Software, Inc. (TTWO) Forecasted to Post FY2017 Earnings of $1.34 Per Share

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) – Oppenheimer Holdings lowered their FY2017 EPS estimates for shares of Take-Two Interactive Software in a research note issued on Wednesday. Oppenheimer Holdings analyst A. Uerkwitz now expects that the brokerage will earn $1.34 per share for the year, down from their prior estimate of $1.58. Oppenheimer Holdings has a “Outperform” rating and a $58.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Take-Two Interactive Software’s Q4 2017 earnings at $0.50 EPS and FY2018 earnings at $2.00 EPS.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Tuesday, February 7th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. The business had revenue of $476.50 million for the quarter, compared to analyst estimates of $689.64 million. Take-Two Interactive Software had a return on equity of 21.74% and a net margin of 0.91%. Take-Two Interactive Software’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share.

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Other analysts have also issued reports about the company. BMO Capital Markets restated a “buy” rating and issued a $56.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, November 22nd. MKM Partners restated a “buy” rating and issued a $55.00 target price (up from $52.00) on shares of Take-Two Interactive Software in a research note on Monday, November 7th. Mizuho restated a “buy” rating and issued a $48.00 target price on shares of Take-Two Interactive Software in a research note on Friday, October 21st. Benchmark Co. restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Sunday, November 6th. Finally, Stifel Nicolaus boosted their target price on Take-Two Interactive Software from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, January 11th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $57.54.

Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at 57.88 on Monday. Take-Two Interactive Software has a 1-year low of $33.06 and a 1-year high of $58.34. The company has a 50-day moving average price of $52.15 and a 200 day moving average price of $46.82. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 346.59 and a beta of 0.86.

Large investors have recently modified their holdings of the stock. LS Investment Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 1.4% in the third quarter. LS Investment Advisors LLC now owns 3,104 shares of the company’s stock valued at $140,000 after buying an additional 43 shares in the last quarter. Stephens Inc. AR bought a new stake in shares of Take-Two Interactive Software during the third quarter valued at $203,000. Pinnacle Associates Ltd. bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at $203,000. Elkfork Partners LLC bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at $208,000. Finally, Thompson Investment Management Inc. bought a new stake in shares of Take-Two Interactive Software during the third quarter valued at $222,000.

WARNING: This piece was originally published by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be read at http://sleekmoney.com/take-two-interactive-software-inc-ttwo-forecasted-to-post-fy2017-earnings-of-1-34-per-share/1657503.html.

In other news, CEO Strauss Zelnick sold 80,000 shares of the company’s stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $49.55, for a total value of $3,964,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

5 Day Chart for NASDAQ:TTWO

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