Pitz covers the Technology sector, focusing on stocks such as Active Network Inc, Electronic Arts, and Rubicon Project. (Activision) and its subsidiaries, Blizzard Entertainment, Inc. Unlike Sell-side equity research ratings, these are sources come from independent stock enthusiasts as opposed to large brokerage firms.
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The Company has made earnings of $1.35B and derived $14.19B sales in the last twelve months.
Activision Blizzard, Inc. has a market capital of 24759.43 at the moment and a profit to earnings ratio of 28.5. Company has a market cap of $25,196 M.
According to TipRanks.com, Pitz is a 5-star analyst with an average return of 11.9% and a 63.8% success rate.
Analysts had expected the company to earn $0.12 per share, according figures compiled by Thomson Reuters.
Checking in on YTD performance, the stock is -9.08%. The company was founded in 1979 and is headquartered in Santa Monica, CA. The analyst reiterated an Outperform rating on the stock, with a 12-month price target of $13.00. The company operates through two segments, Activision Publishing, Inc. and Blizzard Entertainment, Inc. Fox Run Management bought a new stake in shares of Activision Blizzard during the fourth quarter worth approximately $345,000. Out of all these ratings, 1 have pegged the stock a Strong Buy rating while 1 have shares as a Moderate Buy. The $38.43 average target is 4.58% above today’s ($34.91) stock price. It experienced lighter than average volume on day. Activision Blizzard has a 1-year low of $24.04 and a 1-year high of $39.93.
Activision Blizzard, Inc. (ATVI) reported better-than-predictable financial results for the first quarter of 2016. Analysts were estimating that the company would report revenue of $812 million during the quarter.
The consensus EPS trend allows the investor to understand the recent direction of earnings estimates. On a non-GAAP basis, net revenues from digital channels were an all-time quarterly record of $797 million, up 48% year-over-year, and represented an all-time quarterly record of 88% of the company’s total revenues. During the same quarter in the previous year, the company posted $0.16 EPS.
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More than 10 billion hours were spent playing Activision Blizzard games in the first quarter and 42 billion hours in the past year. Stockholders of record on Wednesday, March 30th will be given a dividend of $0.26 per share. Furthermore, on the PC front, ATVI released Star Craft 2 Legacy of the Void, which sold 1 million copies on the first day of launch in Q4’15 and I anticipate some of that momentum to carry through into Q1’16.
