Activision Blizzard (NASDAQ:ATVI) posted its earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09, Fidelity Earnings reports. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Activision Blizzard had a return on equity of 15.54% and a net margin of 23.69%. The firm’s quarterly revenue was down 27.1% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. Activision Blizzard updated its Q4 guidance to $0.29 EPS.
Shares of NASDAQ ATVI traded down $0.25 during midday trading on Friday, reaching $54.30. 15,898,300 shares of the company traded hands, compared to its average volume of 8,976,302. Activision Blizzard has a 52 week low of $39.85 and a 52 week high of $57.52. The company has a market cap of $42.60 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.14 and a beta of 0.87. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.46 and a quick ratio of 3.43. The stock has a 50-day moving average price of $54.65 and a 200 day moving average price of $49.30.
In other Activision Blizzard news, insider Christopher B. Walther sold 5,333 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.83, for a total transaction of $271,076.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian M. Stolz sold 134,845 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $47.80, for a total value of $6,445,591.00. Following the sale, the insider now owns 58,563 shares of the company’s stock, valued at $2,799,311.40. The disclosure for this sale can be found here. Insiders have sold a total of 145,511 shares of company stock valued at $6,997,557 over the last 90 days. Corporate insiders own 1.29% of the company’s stock.
About Activision Blizzard
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. It 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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