Activision Blizzard (NASDAQ:ATVI) is scheduled to be releasing its earnings data after the market closes on Tuesday, February 12th. Analysts expect Activision Blizzard to post earnings of $1.22 per share for the quarter.
Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, November 8th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Activision Blizzard had a net margin of 8.07% and a return on equity of 15.44%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the firm earned $0.25 EPS. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. On average, analysts expect Activision Blizzard to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NASDAQ ATVI opened at $43.41 on Friday. The company has a current ratio of 2.09, a quick ratio of 2.01 and a debt-to-equity ratio of 0.25. Activision Blizzard has a one year low of $42.53 and a one year high of $84.68. The stock has a market capitalization of $33.54 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 1.59 and a beta of 0.92.
A number of brokerages have commented on ATVI. SunTrust Banks set a $85.00 target price on Activision Blizzard and gave the company a “buy” rating in a research note on Wednesday, October 17th. Barclays upgraded Activision Blizzard from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $79.00 to $86.00 in a research note on Monday, October 15th. BTIG Research boosted their target price on Activision Blizzard from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 16th. Stifel Nicolaus decreased their price target on Activision Blizzard from $82.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Finally, Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Activision Blizzard in a research note on Monday, November 5th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $67.34.
Activision Blizzard Company Profile
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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