Brokerages predict that eBay Inc (NASDAQ:EBAY) will announce $2.66 billion in sales for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for eBay’s earnings, with the lowest sales estimate coming in at $2.64 billion and the highest estimate coming in at $2.69 billion. eBay posted sales of $2.41 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.4%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 17th.

On average, analysts expect that eBay will report full-year sales of $10.82 billion for the current fiscal year, with estimates ranging from $10.73 billion to $11.01 billion. For the next financial year, analysts forecast that the company will post sales of $11.67 billion per share, with estimates ranging from $11.40 billion to $11.93 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover eBay.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, July 18th. The e-commerce company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.66 billion. eBay had a negative net margin of 10.05% and a positive return on equity of 20.57%. eBay’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS.

A number of analysts have commented on EBAY shares. Macquarie set a $44.00 price target on shares of eBay and gave the company a “neutral” rating in a research note on Tuesday, May 22nd. BidaskClub upgraded shares of eBay from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. SunTrust Banks lowered shares of eBay from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a research note on Tuesday, July 10th. Bank of America decreased their price target on shares of eBay from $49.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, July 13th. Finally, Credit Suisse Group decreased their price target on shares of eBay from $60.00 to $58.00 and set an “outperform” rating for the company in a research note on Monday, July 16th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have assigned a buy rating to the stock. eBay currently has a consensus rating of “Hold” and an average price target of $46.23.

EBAY stock traded up $0.33 during midday trading on Monday, reaching $33.99. 6,445,183 shares of the company’s stock traded hands, compared to its average volume of 7,689,535. The firm has a market capitalization of $33.31 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.29. eBay has a 52 week low of $32.85 and a 52 week high of $46.99.

In related news, VP Brian J. Doerger sold 4,811 shares of the business’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $34.05, for a total value of $163,814.55. Following the transaction, the vice president now directly owns 34,644 shares of the company’s stock, valued at approximately $1,179,628.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jae Hyun Lee sold 26,204 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $35.08, for a total transaction of $919,236.32. Following the completion of the transaction, the senior vice president now directly owns 128,457 shares in the company, valued at $4,506,271.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,158 shares of company stock valued at $4,718,578. Company insiders own 6.78% of the company’s stock.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of eBay by 0.4% in the 2nd quarter. BlackRock Inc. now owns 60,262,860 shares of the e-commerce company’s stock worth $2,185,132,000 after buying an additional 214,189 shares during the last quarter. Fiduciary Management Inc. WI lifted its holdings in eBay by 1.9% during the first quarter. Fiduciary Management Inc. WI now owns 13,507,623 shares of the e-commerce company’s stock valued at $543,547,000 after purchasing an additional 247,719 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in eBay by 49.6% during the second quarter. Bank of New York Mellon Corp now owns 12,182,128 shares of the e-commerce company’s stock valued at $441,723,000 after purchasing an additional 4,036,288 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in eBay by 9.4% during the first quarter. The Manufacturers Life Insurance Company now owns 8,498,104 shares of the e-commerce company’s stock valued at $341,963,000 after purchasing an additional 733,072 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in eBay by 14.1% during the second quarter. First Trust Advisors LP now owns 8,231,752 shares of the e-commerce company’s stock valued at $298,483,000 after purchasing an additional 1,019,009 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors.

eBay Company Profile

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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