Take-Two Interactive Software Inc. (NASDAQ:TTWO) updated its FY14 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.50-3.75 for the period, compared to the Thomson Reuters consensus estimate of $2.76, Stock Ratings News reports. The company issued revenue guidance of $2.20-2.30 billion, compared to the consensus revenue estimate of $1.98 billion.Take-Two Interactive Software also updated its Q3 guidance to $1.20-1.35 EPS.
A number of research firms have recently commented on TTWO. Analysts at Zacks downgraded shares of Take-Two Interactive Software from an outperform rating to a neutral rating in a research note to investors on Tuesday, October 1st. They now have a $20.20 price target on the stock. On a related note, analysts at Cowen and Company raised their price target on shares of Take-Two Interactive Software from $20.00 to $22.00 in a research note to investors on Wednesday, September 25th. They now have an outperform rating on the stock. Finally, analysts at Macquarie raised their price target on shares of Take-Two Interactive Software from $23.00 to $25.00 in a research note to investors on Thursday, September 19th. They now have an outperform rating on the stock. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Take-Two Interactive Software presently has an average rating of Buy and a consensus price target of $20.47.
Shares of Take-Two Interactive Software Inc. (NASDAQ:TTWO) traded up 1.53% on Tuesday, hitting $17.95. The stock had a trading volume of 6,456,698 shares. Take-Two Interactive Software Inc. has a 52 week low of $9.86 and a 52 week high of $19.12. The stock’s 50-day moving average is $18.18 and its 200-day moving average is $16.30. The company has a market cap of $1.561 billion and a P/E ratio of 78.23.
Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Tuesday, October 29th. The company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $1.01. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $836.71 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 340.5% on a year-over-year basis. Analysts expect that Take-Two Interactive Software Inc. will post $2.72 EPS for the current fiscal year.
Take-Two Interactive Software, Inc is a developer, marketer and publisher of interactive entertainment for consumers worldwide.
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