Analysts Expect eBay Inc. (NASDAQ:EBAY) to Announce $0.38 Earnings Per Share
Wall Street brokerages expect that eBay Inc. (NASDAQ:EBAY) will report earnings of $0.38 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for eBay’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.39. eBay also posted earnings of $0.38 per share during the same quarter last year. The company is expected to report its next earnings report on Wednesday, October 18th.
On average, analysts expect that eBay will report full-year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.69. For the next financial year, analysts anticipate that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.60 to $1.83. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for eBay.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.43 earnings per share.
Several equities analysts have recently commented on EBAY shares. Benchmark Co. increased their price target on shares of eBay from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $41.00 target price (up previously from $40.00) on shares of eBay in a report on Sunday, July 23rd. Morgan Stanley reissued an “underweight” rating and issued a $28.00 target price on shares of eBay in a report on Saturday, July 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $35.00 target price on shares of eBay in a report on Friday, April 14th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $38.00 target price on shares of eBay in a report on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $36.97.
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eBay (NASDAQ:EBAY) traded up 0.17% on Wednesday, reaching $35.05. The company had a trading volume of 7,746,820 shares. The firm has a market capitalization of $37.51 billion, a price-to-earnings ratio of 5.26 and a beta of 1.36. eBay has a 52-week low of $27.28 and a 52-week high of $37.48. The stock’s 50-day moving average price is $35.76 and its 200 day moving average price is $34.20.
eBay announced that its Board of Directors has initiated a share repurchase plan on Thursday, July 20th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other eBay news, Director Kathleen C. Mitic sold 11,897 shares of eBay stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $33.84, for a total transaction of $402,594.48. Following the completion of the sale, the director now owns 20,162 shares of the company’s stock, valued at approximately $682,282.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Stephen Fisher sold 11,956 shares of eBay stock in a transaction on Monday, July 24th. The shares were sold at an average price of $36.24, for a total transaction of $433,285.44. Following the sale, the senior vice president now directly owns 89,740 shares of the company’s stock, valued at approximately $3,252,177.60. The disclosure for this sale can be found here. Insiders have sold a total of 72,303 shares of company stock valued at $2,560,022 in the last three months. Company insiders own 6.78% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Captrust Financial Advisors bought a new stake in shares of eBay during the second quarter worth about $108,000. Westside Investment Management Inc. raised its stake in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after buying an additional 2,638 shares during the period. FNY Partners Fund LP raised its stake in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after buying an additional 3,300 shares during the period. Parallel Advisors LLC raised its stake in shares of eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock worth $140,000 after buying an additional 858 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after buying an additional 2,230 shares during the period. 86.48% of the stock is owned by institutional investors.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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