Wall Street brokerages expect that eBay Inc (NASDAQ:EBAY) will post earnings of $0.52 per share for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for eBay’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.53. eBay posted earnings of $0.45 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 15.6%. The business is expected to announce its next quarterly earnings results on Thursday, July 19th.
On average, analysts expect that eBay will report full year earnings of $2.28 per share for the current financial year, with EPS estimates ranging from $2.24 to $2.37. For the next year, analysts anticipate that the firm will post earnings of $2.58 per share, with EPS estimates ranging from $2.39 to $2.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover eBay.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, April 25th. The e-commerce company reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. eBay had a positive return on equity of 18.06% and a negative net margin of 16.56%. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period last year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis.
A number of research firms have issued reports on EBAY. BidaskClub downgraded eBay from a “hold” rating to a “sell” rating in a research report on Tuesday, June 19th. Macquarie set a $44.00 target price on eBay and gave the stock a “neutral” rating in a research report on Tuesday, May 22nd. Aegis reissued a “buy” rating and issued a $54.00 target price on shares of eBay in a research report on Tuesday, May 1st. ValuEngine downgraded eBay from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. Finally, Stifel Nicolaus reiterated a “neutral” rating and issued a $44.00 price target on shares of eBay in a research report on Thursday, April 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. eBay currently has an average rating of “Buy” and a consensus target price of $46.41.
In other eBay news, Director Robert Holmes Swan sold 41,444 shares of eBay stock in a transaction dated Friday, April 20th. The stock was sold at an average price of $42.52, for a total transaction of $1,762,198.88. Following the completion of the sale, the director now owns 304,529 shares of the company’s stock, valued at $12,948,573.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Brian J. Doerger sold 9,232 shares of eBay stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $38.15, for a total value of $352,200.80. Following the sale, the vice president now directly owns 32,909 shares of the company’s stock, valued at approximately $1,255,478.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,558 shares of company stock valued at $7,242,024. Corporate insiders own 6.78% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Mount Yale Investment Advisors LLC bought a new stake in eBay during the first quarter worth about $219,000. Altium Wealth Management LLC lifted its stake in eBay by 32.4% during the first quarter. Altium Wealth Management LLC now owns 7,535 shares of the e-commerce company’s stock worth $303,000 after purchasing an additional 1,844 shares during the last quarter. Suntrust Banks Inc. lifted its stake in eBay by 21.0% during the first quarter. Suntrust Banks Inc. now owns 35,504 shares of the e-commerce company’s stock worth $1,427,000 after purchasing an additional 6,161 shares during the last quarter. Summit X LLC bought a new stake in eBay during the first quarter worth about $247,000. Finally, BDO Wealth Advisors LLC lifted its stake in eBay by 15.1% during the first quarter. BDO Wealth Advisors LLC now owns 17,877 shares of the e-commerce company’s stock worth $719,000 after purchasing an additional 2,347 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:EBAY traded up $0.12 during trading hours on Friday, reaching $36.26. The stock had a trading volume of 6,335,783 shares, compared to its average volume of 9,769,370. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.63 and a quick ratio of 2.63. eBay has a 12-month low of $33.94 and a 12-month high of $46.99. The company has a market capitalization of $36.04 billion, a P/E ratio of 22.25, a P/E/G ratio of 1.75 and a beta of 1.25.
eBay Company Profile
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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