eBay Inc (EBAY) Expected to Post Quarterly Sales of $2.60 Billion
Wall Street analysts expect eBay Inc (NASDAQ:EBAY) to post sales of $2.60 billion for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for eBay’s earnings, with estimates ranging from $2.58 billion to $2.61 billion. eBay reported sales of $2.22 billion in the same quarter last year, which would suggest a positive year over year growth rate of 17.1%. The business is scheduled to issue its next earnings results on Wednesday, April 18th.
According to Zacks, analysts expect that eBay will report full year sales of $2.60 billion for the current financial year, with estimates ranging from $10.96 billion to $11.07 billion. For the next fiscal year, analysts expect that the business will post sales of $11.83 billion per share, with estimates ranging from $10.95 billion to $12.13 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for eBay.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the company earned $0.54 earnings per share. eBay’s quarterly revenue was up 9.1% compared to the same quarter last year.
In other news, insider Devin Wenig sold 134,207 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $42.69, for a total value of $5,729,296.83. Following the sale, the insider now directly owns 642,077 shares of the company’s stock, valued at $27,410,267.13. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Brian J. Doerger sold 6,660 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $35.99, for a total value of $239,693.40. Following the completion of the sale, the vice president now directly owns 16,732 shares in the company, valued at $602,184.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 199,752 shares of company stock worth $8,288,316. 6.78% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of eBay in the fourth quarter valued at about $107,000. BB&T Investment Services Inc. bought a new stake in shares of eBay in the second quarter valued at about $119,000. Valeo Financial Advisors LLC bought a new stake in shares of eBay in the third quarter valued at about $122,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of eBay in the second quarter valued at about $123,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of eBay in the third quarter valued at about $139,000. 88.28% of the stock is currently owned by institutional investors.
Shares of eBay (NASDAQ EBAY) traded up $0.66 during trading hours on Friday, hitting $42.32. The company had a trading volume of 11,820,000 shares, compared to its average volume of 11,740,000. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.15. eBay has a twelve month low of $31.89 and a twelve month high of $46.99. The stock has a market capitalization of $42,830.00, a price-to-earnings ratio of -39.92, a price-to-earnings-growth ratio of 2.37 and a beta of 1.31.
eBay announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 31st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
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eBay Company Profile
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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