Brokerages expect Activision Blizzard, Inc. (NASDAQ:ATVI) to announce earnings per share (EPS) of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Activision Blizzard’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.50. Activision Blizzard posted earnings per share of $0.31 in the same quarter last year, which would suggest a positive year-over-year growth rate of 38.7%. The company is scheduled to announce its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Activision Blizzard will report full-year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.35 to $2.85. For the next year, analysts forecast that the firm will post earnings of $2.90 per share, with EPS estimates ranging from $2.58 to $3.25. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Activision Blizzard.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. Activision Blizzard had a return on equity of 17.37% and a net margin of 3.89%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year.

A number of brokerages have commented on ATVI. Jefferies Group restated a “buy” rating on shares of Activision Blizzard in a research note on Friday. Robert W. Baird boosted their price objective on Activision Blizzard from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday. Credit Suisse Group boosted their price objective on Activision Blizzard from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays set a $70.00 price objective on Activision Blizzard and gave the stock a “hold” rating in a research note on Friday. Finally, Vetr upgraded Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $75.74 price objective on the stock in a research note on Monday. Six analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Activision Blizzard has a consensus rating of “Buy” and an average target price of $71.75.

Activision Blizzard (NASDAQ:ATVI) traded up $1.25 during mid-day trading on Friday, reaching $67.08. The company’s stock had a trading volume of 18,580,019 shares, compared to its average volume of 6,080,000. Activision Blizzard has a 1 year low of $38.93 and a 1 year high of $74.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. The stock has a market capitalization of $51,680.00, a P/E ratio of 191.66, a PEG ratio of 1.81 and a beta of 1.11.

In related news, CEO of King Digital Entertainment Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the sale, the insider now directly owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.12% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Cornerstone Advisors Inc. increased its holdings in Activision Blizzard by 321.5% in the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after buying an additional 1,180 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Activision Blizzard during the fourth quarter valued at approximately $125,000. Goodman Financial Corp bought a new position in shares of Activision Blizzard during the fourth quarter valued at approximately $127,000. Grove Bank & Trust grew its holdings in shares of Activision Blizzard by 261.7% during the third quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock valued at $140,000 after purchasing an additional 1,570 shares during the last quarter. Finally, Phocas Financial Corp. bought a new position in shares of Activision Blizzard during the second quarter valued at approximately $173,000. 86.04% of the stock is owned by hedge funds and other institutional investors.

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Activision Blizzard Company Profile

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

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