Take-Two Interactive Software (NASDAQ:TTWO) Issues FY 2022 Earnings Guidance

Take-Two Interactive Software (NASDAQ:TTWO) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $4.750-$4.850 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.810. The company issued revenue guidance of $3.37 billion-$3.42 billion, compared to the consensus revenue estimate of $3.49 billion.Take-Two Interactive Software also updated its Q4 2022 guidance to $0.780-$0.880 EPS.

A number of research analysts have recently issued reports on the stock. BNP Paribas upgraded shares of Take-Two Interactive Software from a neutral rating to an outperform rating and boosted their price target for the stock from $180.00 to $215.00 in a research report on Wednesday, January 19th. KeyCorp boosted their target price on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an overweight rating in a research report on Tuesday, February 8th. BMO Capital Markets upgraded shares of Take-Two Interactive Software from a market perform rating to an outperform rating and set a $180.00 target price on the stock in a research report on Wednesday, January 12th. MKM Partners boosted their target price on shares of Take-Two Interactive Software from $186.00 to $200.00 and gave the company a neutral rating in a research report on Wednesday, November 10th. Finally, Wedbush dropped their target price on shares of Take-Two Interactive Software from $222.00 to $200.00 and set an outperform rating on the stock in a research report on Thursday, January 27th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Take-Two Interactive Software presently has a consensus rating of Buy and a consensus target price of $198.06.

Take-Two Interactive Software stock opened at $171.48 on Monday. Take-Two Interactive Software has a 52 week low of $138.19 and a 52 week high of $201.00. The company’s 50 day moving average price is $167.61 and its two-hundred day moving average price is $166.61. The stock has a market cap of $19.79 billion, a P/E ratio of 35.43, a P/E/G ratio of 4.27 and a beta of 0.63.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Sunday, February 6th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.49. The company had revenue of $866.12 million for the quarter, compared to analysts’ expectations of $867.93 million. Take-Two Interactive Software had a net margin of 16.72% and a return on equity of 15.60%. Take-Two Interactive Software’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. As a group, sell-side analysts expect that Take-Two Interactive Software will post 3.38 EPS for the current fiscal year.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services.

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