Electronic Arts Inc. (NASDAQ:EA) Announces $0.19 Quarterly Dividend

Electronic Arts Inc. (NASDAQ:EA) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Wednesday, November 27th will be given a dividend of 0.19 per share by the game software company on Wednesday, December 18th. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, November 27th.

Electronic Arts has raised its dividend by an average of 64.7% per year over the last three years. Electronic Arts has a dividend payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Electronic Arts to earn $6.45 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 11.8%.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $149.14 on Thursday. The stock’s 50-day simple moving average is $144.81 and its 200-day simple moving average is $139.95. The firm has a market capitalization of $39.63 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. Electronic Arts has a fifty-two week low of $121.63 and a fifty-two week high of $153.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. As a group, equities research analysts forecast that Electronic Arts will post 5.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on EA. Benchmark reiterated a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a research note on Wednesday. Jefferies Financial Group started coverage on Electronic Arts in a research report on Thursday, July 11th. They set a “buy” rating and a $165.00 target price on the stock. UBS Group boosted their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday. Oppenheimer lifted their price target on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.39.

Insider Transactions at Electronic Arts

In other news, Director Luis A. Ubinas sold 2,126 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $146.77, for a total transaction of $312,033.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Luis A. Ubinas sold 2,126 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $146.77, for a total transaction of $312,033.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,770 shares of company stock worth $3,652,410 over the last ninety days. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.