Equities research analysts predict that Etsy Inc (NASDAQ:ETSY) will report earnings per share (EPS) of $0.18 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Etsy’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.29. Etsy posted earnings per share of $0.14 during the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The business is scheduled to announce its next earnings report on Thursday, August 6th.

According to Zacks, analysts expect that Etsy will report full year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $1.65. For the next year, analysts expect that the business will report earnings of $1.57 per share, with EPS estimates ranging from $0.93 to $3.26. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Etsy.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Wednesday, May 6th. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.08). The company had revenue of $228.05 million during the quarter, compared to analysts’ expectations of $219.34 million. Etsy had a net margin of 8.76% and a return on equity of 18.68%. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS.

ETSY has been the topic of a number of research reports. Nomura increased their price objective on shares of Etsy from $66.00 to $82.00 in a research note on Thursday, May 7th. Morgan Stanley increased their price objective on shares of Etsy from $31.00 to $43.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Roth Capital increased their price objective on shares of Etsy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 21st. DA Davidson lowered their price objective on shares of Etsy from $78.00 to $66.00 in a research note on Monday, April 6th. Finally, Royal Bank of Canada raised their price target on shares of Etsy from $79.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $87.81.

NASDAQ ETSY traded up $3.34 during trading hours on Tuesday, reaching $106.23. The company’s stock had a trading volume of 4,230,327 shares, compared to its average volume of 3,772,565. The stock has a market cap of $12.17 billion, a PE ratio of 174.15, a PEG ratio of 4.34 and a beta of 1.69. Etsy has a fifty-two week low of $29.95 and a fifty-two week high of $107.32. The company’s 50-day moving average is $84.15 and its two-hundred day moving average is $59.36. The company has a debt-to-equity ratio of 2.08, a quick ratio of 5.71 and a current ratio of 5.71.

In related news, Director Jonathan D. Klein sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $100.00, for a total value of $2,500,000.00. Following the transaction, the director now owns 79,613 shares in the company, valued at $7,961,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Goyal Kruti Patel sold 3,399 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $50.00, for a total transaction of $169,950.00. Following the completion of the transaction, the insider now owns 23,325 shares in the company, valued at approximately $1,166,250. The disclosure for this sale can be found here. Insiders sold 308,090 shares of company stock worth $22,537,118 in the last 90 days. 3.80% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sowell Financial Services LLC raised its stake in shares of Etsy by 23.4% during the first quarter. Sowell Financial Services LLC now owns 1,035 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 196 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Etsy by 0.8% during the fourth quarter. Advisors Asset Management Inc. now owns 25,793 shares of the specialty retailer’s stock valued at $1,143,000 after purchasing an additional 207 shares during the period. First Republic Investment Management Inc. raised its stake in shares of Etsy by 2.1% during the fourth quarter. First Republic Investment Management Inc. now owns 11,803 shares of the specialty retailer’s stock valued at $523,000 after purchasing an additional 242 shares during the period. Comerica Bank raised its stake in shares of Etsy by 0.4% during the first quarter. Comerica Bank now owns 68,644 shares of the specialty retailer’s stock valued at $4,544,000 after purchasing an additional 282 shares during the period. Finally, MAI Capital Management raised its stake in shares of Etsy by 2.6% during the first quarter. MAI Capital Management now owns 13,625 shares of the specialty retailer’s stock valued at $524,000 after purchasing an additional 350 shares during the period. Institutional investors own 97.95% of the company’s stock.

About Etsy

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.

Further Reading: What does a bar chart mean for investors?

Get a free copy of the Zacks research report on Etsy (ETSY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Etsy (NASDAQ:ETSY)

Receive News & Ratings for Etsy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy and related companies with MarketBeat.com's FREE daily email newsletter.