Wall Street brokerages predict that eBay Inc (NASDAQ:EBAY) will report earnings per share (EPS) of $0.55 for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for eBay’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.56. eBay reported earnings per share of $0.48 during the same quarter last year, which indicates a positive year over year growth rate of 14.6%. The business is expected to issue its next earnings results on Wednesday, October 17th.

According to Zacks, analysts expect that eBay will report full year earnings of $2.30 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.32. For the next financial year, analysts expect that the company will report earnings of $2.58 per share, with EPS estimates ranging from $2.31 to $2.86. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for eBay.

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

Several equities research analysts recently weighed in on EBAY shares. UBS Group reduced their price target on shares of eBay from $47.00 to $44.00 and set a “$34.11” rating on the stock in a research report on Thursday, July 19th. Morgan Stanley reduced their price target on shares of eBay from $58.00 to $55.00 and set a “$34.11” rating on the stock in a research report on Thursday, July 19th. Guggenheim restated a “$37.95” rating on shares of eBay in a research report on Wednesday, July 18th. TheStreet upgraded shares of eBay from a “c+” rating to a “b-” rating in a research report on Wednesday, September 12th. Finally, DA Davidson reduced their price target on shares of eBay to $50.00 and set a “buy” rating on the stock in a research report on Thursday, July 19th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. eBay presently has an average rating of “Hold” and a consensus price target of $46.25.

EBAY traded up $0.32 during trading hours on Friday, hitting $31.72. The company’s stock had a trading volume of 8,010,300 shares, compared to its average volume of 10,178,743. eBay has a 12 month low of $30.75 and a 12 month high of $46.99. The stock has a market capitalization of $32.67 billion, a PE ratio of 19.46, a P/E/G ratio of 1.89 and a beta of 1.20. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.37 and a current ratio of 2.37.

In other eBay news, VP Brian J. Doerger sold 4,811 shares of eBay stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $34.05, for a total transaction of $163,814.55. Following the completion of the transaction, the vice president now directly owns 34,644 shares of the company’s stock, valued at $1,179,628.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kristin A. Yetto sold 23,648 shares of the business’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $33.54, for a total transaction of $793,153.92. Following the sale, the senior vice president now directly owns 109,116 shares of the company’s stock, valued at $3,659,750.64. The disclosure for this sale can be found here. Insiders have sold 138,158 shares of company stock valued at $4,718,578 over the last ninety days. 6.22% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. CSat Investment Advisory L.P. purchased a new stake in shares of eBay during the second quarter valued at $106,000. Valeo Financial Advisors LLC purchased a new stake in shares of eBay during the second quarter valued at $107,000. NEXT Financial Group Inc purchased a new stake in shares of eBay during the third quarter valued at $130,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of eBay by 223.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,128 shares of the e-commerce company’s stock valued at $150,000 after purchasing an additional 2,850 shares during the period. Finally, Cerebellum GP LLC boosted its stake in shares of eBay by 292.7% during the third quarter. Cerebellum GP LLC now owns 5,007 shares of the e-commerce company’s stock valued at $165,000 after purchasing an additional 3,732 shares during the period. 84.84% of the stock is owned by hedge funds and other institutional investors.

About eBay

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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