Activision Blizzard, Inc (ATVI) Sets New 12-Month High After Dividend Announcement

Activision Blizzard reports 4Q16 earnings results Topline up 49% Misses Estimate

A total of 15.51 million shares exchanged at hands and its average trading volume is standing at 8.26 million shares.

For the year ended December 31, 2016, Activision Blizzard's net revenues presented in accordance with Generally Accepted Accounting Principles ("GAAP") were a record $6.61 billion, as compared with $4.66 billion for 2015, an increase of 42%. Digital revenues were higher by 94% to $4.87 billion. The TTM operating margin is 24.4 percent. With an institutional ownership near 74.4%, it carries an earnings per share ratio of 8.74.

Activision Blizzard, Inc. (NASDAQ:ATVI) reported its previous quarter on 11/03/2016 where it reported the Actual Earnings of $0.52. One quarter earlier, revenue for the stock was at $1.61 billion, with earnings at $0.54/share.

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Earnings surprise history: Last quarter, the company posted approximately $1.63 billion in revenue and EPS of $0.52. During the same quarter in the previous year, the business earned $0.83 earnings per share. Oppenheimer Holdings, Inc. restated an "outperform" rating and set a $53.00 price objective on shares of Activision Blizzard in a research report on Monday, November 7th.

Activision Blizzard, Inc. (ATVI) recently recorded 1.38 percent change and now at $39.73 is 51.2 percent away from its 52-week low and down -12.78 percent versus its peak. The analysts, on average, are forecasting a $48.1 price target, but the stock is already up 51.2% from its recent lows. Overall, the share price is up 10.02% so far this year.

Activision Blizzard applauded the success of its new Overwatch franchise, but it noted that Infinity Ward, the studio in charge of Call of Duty: Infinite Warfare delivered a lower quality product with the game, which negatively impacted sales. (ATVI) is slated to announce its fiscal Q4 earnings on Feb 09 AMC, Feb 09 AMC. Its six months performance indicated a bearish movement while its yearly performance reflected a positive trend of 32.85%. The company's quarterly performance represents an optimistic momentum of 25.54 percent, with a decline of -2.11 percent in the stock price over the last one month. (NASDAQ:ATVI) now have an ABR of 1.63, derived from a total of 15 opinions. The company has Relative Strength Index (RSI 14) of 57.36 along with Average True Range (ATR 14) of 0.71. The stock is now trading -1.57 percent higher from its SMA-50. The Market Capitalization of the company stands at 29.46 Billion. 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. The company's price to sales ratio for trailing twelve months is 5.02 and price to book ratio for most recent quarter is 3.34. Activision Blizzard, Inc. got Initiated on 23-Sep-16 where investment firm Morgan Stanley Initiated the stock to Overweight. Total debt to equity ratio of the company for most recent quarter is 0.72 while Long term debt to equity ratio for same time period is 0.55. The company now has a Return on Equity of 12.30% and Return on Investment of 9.00%.

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