eBay Inc. (NASDAQ:EBAY) Expected to Post Earnings of $0.38 Per Share
Wall Street brokerages forecast that eBay Inc. (NASDAQ:EBAY) will announce $0.38 earnings per share for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for eBay’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.37. eBay also posted earnings per share of $0.38 during the same quarter last year. The company is expected to issue its next quarterly earnings report on Wednesday, October 18th.
According to Zacks, analysts expect that eBay will report full-year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.61 to $1.69. For the next year, analysts anticipate that the business will post earnings of $1.75 per share, with EPS estimates ranging from $1.60 to $1.83. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow eBay.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share.
A number of brokerages have recently weighed in on EBAY. Canaccord Genuity restated a “hold” rating and set a $32.00 price objective (up previously from $31.00) on shares of eBay in a research report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $39.00 price objective (up previously from $38.00) on shares of eBay in a research report on Thursday, April 20th. J P Morgan Chase & Co set a $38.00 price objective on eBay and gave the company a “neutral” rating in a research report on Friday, July 21st. BMO Capital Markets restated a “market perform” rating and set a $36.00 price objective on shares of eBay in a research report on Saturday, July 22nd. Finally, Atlantic Securities restated a “neutral” rating and set a $36.00 price objective on shares of eBay in a research report on Wednesday, May 31st. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.97.
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In other news, SVP Harry A. Lawton III sold 13,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $35.93, for a total transaction of $467,090.00. Following the sale, the senior vice president now directly owns 45,488 shares of the company’s stock, valued at $1,634,383.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian J. Doerger sold 2,903 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $34.11, for a total transaction of $99,021.33. Following the sale, the vice president now directly owns 30,701 shares in the company, valued at $1,047,211.11. The disclosure for this sale can be found here. Insiders sold 75,206 shares of company stock worth $2,659,043 over the last ninety days. Corporate insiders own 6.78% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. CENTRAL TRUST Co raised its stake in shares of eBay by 3.6% in the first quarter. CENTRAL TRUST Co now owns 9,543 shares of the e-commerce company’s stock worth $320,000 after buying an additional 335 shares during the period. Raymond James Trust N.A. raised its stake in shares of eBay by 8.0% in the first quarter. Raymond James Trust N.A. now owns 28,161 shares of the e-commerce company’s stock worth $945,000 after buying an additional 2,090 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of eBay by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 338,758 shares of the e-commerce company’s stock worth $11,372,000 after buying an additional 4,400 shares during the period. Quadrant Capital Group LLC raised its stake in shares of eBay by 3.3% in the first quarter. Quadrant Capital Group LLC now owns 5,870 shares of the e-commerce company’s stock worth $189,000 after buying an additional 187 shares during the period. Finally, National Pension Service raised its stake in shares of eBay by 0.3% in the first quarter. National Pension Service now owns 839,853 shares of the e-commerce company’s stock worth $28,303,000 after buying an additional 2,221 shares during the period. 86.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of eBay (NASDAQ EBAY) traded down 0.77% during trading on Wednesday, hitting $36.08. The stock had a trading volume of 7,888,132 shares. The stock’s 50-day moving average price is $35.63 and its 200 day moving average price is $34.01. The firm has a market capitalization of $38.62 billion, a P/E ratio of 5.41 and a beta of 1.36. eBay has a 1-year low of $27.28 and a 1-year high of $37.48. eBay also was the recipient of some unusual options trading on Monday. Stock investors acquired 4,033 call options on the company. This represents an increase of approximately 484% compared to the average daily volume of 690 call options.
eBay declared that its board has initiated a stock buyback program on Thursday, July 20th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to repurchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
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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