Equities research analysts expect Etsy Inc (NASDAQ:ETSY) to announce $182.57 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Etsy’s earnings, with estimates ranging from $179.80 million to $185.67 million. Etsy reported sales of $132.39 million in the same quarter last year, which would suggest a positive year over year growth rate of 37.9%. The firm is scheduled to announce its next quarterly earnings results on Monday, August 5th.

According to Zacks, analysts expect that Etsy will report full-year sales of $792.15 million for the current financial year, with estimates ranging from $787.78 million to $797.00 million. For the next fiscal year, analysts forecast that the business will post sales of $974.60 million, with estimates ranging from $943.03 million to $999.23 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Etsy.

Etsy (NASDAQ:ETSY) last announced its earnings results on Wednesday, May 8th. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.10. Etsy had a return on equity of 24.24% and a net margin of 14.74%. The firm had revenue of $169.33 million during the quarter, compared to analyst estimates of $170.72 million. During the same quarter in the prior year, the company earned $0.10 EPS. The business’s revenue was up 40.0% compared to the same quarter last year.

Several research analysts have recently issued reports on ETSY shares. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. Roth Capital raised their price objective on Etsy from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Stifel Nicolaus raised Kimbell Royalty Partners from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Thursday, May 9th. Canaccord Genuity raised their price objective on Roots from C$5.00 to C$5.50 in a research report on Thursday, April 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of ACADIA Pharmaceuticals in a research report on Monday, July 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $70.25.

Shares of NASDAQ:ETSY traded down $1.47 during trading on Thursday, hitting $64.98. The stock had a trading volume of 69,036 shares, compared to its average volume of 2,682,832. Etsy has a 12 month low of $38.02 and a 12 month high of $73.35. The company has a market cap of $7.92 billion, a P/E ratio of 105.80, a PEG ratio of 4.16 and a beta of 0.92. The company has a fifty day moving average of $64.41. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.87 and a quick ratio of 4.87.

In other Etsy news, CTO Michael T. Fisher sold 5,208 shares of Etsy stock in a transaction on Friday, July 5th. The stock was sold at an average price of $63.37, for a total value of $330,030.96. Following the completion of the sale, the chief technology officer now owns 22,580 shares of the company’s stock, valued at approximately $1,430,894.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Michael T. Fisher sold 13,442 shares of Etsy stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $61.82, for a total value of $830,984.44. Following the completion of the sale, the chief technology officer now directly owns 34,258 shares of the company’s stock, valued at approximately $2,117,829.56. The disclosure for this sale can be found here. In the last three months, insiders sold 85,656 shares of company stock valued at $5,691,884. Corporate insiders own 3.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Two Sigma Securities LLC increased its holdings in shares of Etsy by 80.0% in the 4th quarter. Two Sigma Securities LLC now owns 4,768 shares of the specialty retailer’s stock worth $227,000 after purchasing an additional 2,119 shares in the last quarter. Cooper Creek Partners Management LLC purchased a new position in shares of Etsy in the 1st quarter worth $5,386,000. Freestone Capital Holdings LLC purchased a new position in shares of Etsy in the 1st quarter worth $13,445,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of Etsy by 349.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 38,026 shares of the specialty retailer’s stock worth $1,809,000 after buying an additional 29,570 shares during the last quarter. Finally, Foundry Partners LLC purchased a new position in shares of Etsy in the 1st quarter worth $1,554,000. 95.58% of the stock is owned by institutional investors and hedge funds.

Etsy Company Profile

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

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Earnings History and Estimates for Etsy (NASDAQ:ETSY)

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