For the year ended December 31, 2016, Activision Blizzard's net revenues were a record $6.61 billion, as compared with $4.66 billion for 2015, an increase of 42%.
"The launch of Blizzard's Overwatch created a major new franchise, while King's mobile advertising tests are very promising as the basis for meaningful new revenue streams", Activision Chief Executive Bobby Kotick said in a statement. During the same quarter in the previous year, the company posted $0.83 EPS. This was higher than $159 million, or $0.21 per share, in last year's fourth quarter.
The company also announced a $1 billion stock buyback program and raised its quarterly dividend to 30 cents from 26 cents. According to these analysts, the Low Revenue Estimate for Activision Blizzard, Inc.is 2.17 Billion and the High Revenue Estimate is 2.41 Billion. Gilder Gagnon Howe & Co.
Santa Monica, Calif. -based Activision earned 92 cents a share excluding items, up 11% year over year, on adjusted sales of $2.45 billion, up 16%, in Q4. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Activision Blizzard during the second quarter valued at $1,337,000.
Activision Blizzard shares jumped as much as 17 percent to $46.52 in early trading in NY. The stock's 50-day moving average is $38.44 and its 200-day moving average is $40.55.
The Trump presidency on February 8 at 8:45 AM EST/1345 GMT
The president spoke by phone with Abe last month about the future of U.S. -Japan relations and agreed to meet in Washington. Japan is preparing " tweetable " trade statistics for the prime minister's upcoming meeting with President Donald Trump.
Activision Blizzard, Inc (NASDAQ:ATVI): On Thursday heightened volatility was witnessed in Activision Blizzard, Inc (NASDAQ:ATVI) which led to swings in the share price. California State Teachers Retirement System now owns 1,186,389 shares of the company's stock worth $47,017,000 after buying an additional 84,061 shares during the period.
Several research firms have weighed in on ATVI. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.
The price/earnings ratio (P/E) is 34.52 and the forward P/E ratio stands at 19.60. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 8 analysts of Thomson Reuters, 4 analysts given HOLD rating to the stock. He's boosted his price target to $48 from $45. The shares were sold at an average price of $40.09, for a total value of $792,218.49. Following the Plan, if any person or group acquires 4.99% or more of the outstanding shares of the Company's common stock, or if a person or group that already owns 4.99% or more of the Company's common stock acquires additional shares of the Company's common stock, then, subject to certain exceptions, there would be a triggering event under the Plan. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts offered their Estimated Earnings analysis for Activision Blizzard, Inc.
Want to see what other hedge funds are holding ATVI? The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.
- Solar surge accounts for one in every 50 new U.S. jobs
- Snow, freezing rain headed to Maine
- It Would Appear That Donald Trump Doesn't Know Who Frederick Douglass Is
- Winter Storm Niko Creating Travel Headaches in Northeast, New England
- Lady Gaga Performing with Metallica at 2017 Grammys
- Brazil accuses Canada of unfairly supporting Bombardier — WTO
- Things Families Can Talk About After "The Lego Batman Movie"
- Kim Jong Un fires spy chief, instead of killing him
- Big cocaine bust off NSW coast; NZ boat owner arrested and charged
- Phoenix mayor calls deportation of undocumented woman a 'travesty'