TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.39-1.49 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.38. The company issued revenue guidance of $860-910 million, compared to the consensus revenue estimate of $934.59 million.TAKE-TWO INTERACTIVE SOFTWARE also updated its FY20 guidance to $3.38-3.63 EPS.

Shares of TTWO traded up $0.05 during mid-day trading on Friday, reaching $116.96. The stock had a trading volume of 3,429,400 shares, compared to its average volume of 1,983,688. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 4.36 and a beta of 0.72. TAKE-TWO INTERACTIVE SOFTWARE has a 52-week low of $84.41 and a 52-week high of $135.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.45 and a quick ratio of 1.44. The business’s fifty day moving average is $122.65 and its 200 day moving average is $117.44.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.78. The business had revenue of $950.50 million for the quarter, compared to analysts’ expectations of $926.91 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.93% and a return on equity of 23.95%. The business’s quarterly revenue was up 62.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share. As a group, sell-side analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE will post 3.16 EPS for the current fiscal year.

Several analysts have recently issued reports on the stock. BidaskClub cut shares of TAKE-TWO INTERACTIVE SOFTWARE from a strong-buy rating to a buy rating in a research report on Tuesday, November 5th. KeyCorp increased their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the stock an overweight rating in a research report on Tuesday, August 6th. Piper Jaffray Companies reissued a buy rating on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, September 18th. Barclays reaffirmed a buy rating and issued a $142.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Tuesday, October 22nd. Finally, Morgan Stanley raised their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $145.00 and gave the company an overweight rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE has an average rating of Buy and an average price target of $132.22.

In other TAKE-TWO INTERACTIVE SOFTWARE news, insider Daniel P. Emerson sold 4,500 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $126.77, for a total value of $570,465.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael Sheresky sold 226 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $126.89, for a total transaction of $28,677.14. Following the completion of the transaction, the director now owns 70,137 shares in the company, valued at $8,899,683.93. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

TAKE-TWO INTERACTIVE SOFTWARE Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Earnings History and Estimates for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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