Analysts predict that eBay Inc (NASDAQ:EBAY) will report earnings of $0.55 per share for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for eBay’s earnings, with estimates ranging from $0.54 to $0.56. eBay posted earnings per share of $0.48 during the same quarter last year, which indicates a positive year-over-year growth rate of 14.6%. The company is expected to issue its next quarterly earnings report on Wednesday, October 17th.
According to Zacks, analysts expect that eBay will report full year earnings of $2.30 per share for the current year, with EPS estimates ranging from $2.28 to $2.32. For the next financial year, analysts forecast that the firm will post earnings of $2.57 per share, with EPS estimates ranging from $2.31 to $2.86. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for eBay.
eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 18th. The e-commerce company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.66 billion. eBay had a negative net margin of 10.05% and a positive return on equity of 20.57%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share.
EBAY has been the subject of a number of research reports. Canaccord Genuity cut their target price on shares of eBay from $43.00 to $40.00 and set a “hold” rating for the company in a research report on Thursday, July 19th. Morgan Stanley cut their target price on shares of eBay from $58.00 to $55.00 and set a “$34.11” rating for the company in a research report on Thursday, July 19th. Raymond James lowered shares of eBay from a “strong-buy” rating to an “outperform” rating and set a $51.00 price objective for the company. in a research report on Thursday, July 19th. Macquarie set a $44.00 price objective on shares of eBay and gave the company a “neutral” rating in a research report on Tuesday, May 22nd. Finally, Robert W. Baird cut their price objective on shares of eBay from $52.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, July 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have assigned a buy rating to the stock. eBay presently has an average rating of “Hold” and a consensus price target of $46.23.
NASDAQ:EBAY traded down $0.73 on Friday, reaching $33.40. 411,066 shares of the company’s stock were exchanged, compared to its average volume of 7,416,455. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $34.25 billion, a PE ratio of 20.91, a P/E/G ratio of 1.98 and a beta of 1.22. eBay has a 52 week low of $32.85 and a 52 week high of $46.99.
In other eBay news, SVP Kristin A. Yetto sold 23,648 shares of eBay stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $33.54, for a total transaction of $793,153.92. Following the completion of the sale, the senior vice president now directly owns 109,116 shares in the company, valued at $3,659,750.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Wendy Elizabeth Jones sold 10,516 shares of eBay stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $33.68, for a total transaction of $354,178.88. Following the sale, the senior vice president now owns 21,620 shares of the company’s stock, valued at $728,161.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 138,158 shares of company stock valued at $4,718,578. 6.78% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in EBAY. Exane Asset Management raised its stake in shares of eBay by 418.7% during the second quarter. Exane Asset Management now owns 5,436 shares of the e-commerce company’s stock worth $197,000 after acquiring an additional 4,388 shares in the last quarter. BDO Wealth Advisors LLC raised its stake in shares of eBay by 9.9% during the second quarter. BDO Wealth Advisors LLC now owns 19,652 shares of the e-commerce company’s stock worth $713,000 after acquiring an additional 1,775 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of eBay by 12.4% during the second quarter. Advisors Asset Management Inc. now owns 446,121 shares of the e-commerce company’s stock worth $16,176,000 after acquiring an additional 49,131 shares in the last quarter. Sky Investment Group LLC purchased a new position in shares of eBay during the second quarter worth approximately $205,000. Finally, GHP Investment Advisors Inc. raised its stake in shares of eBay by 17.4% during the second quarter. GHP Investment Advisors Inc. now owns 27,929 shares of the e-commerce company’s stock worth $1,013,000 after acquiring an additional 4,145 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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