Brokers Offer Predictions for eBay Inc’s FY2019 Earnings (EBAY)
eBay Inc (NASDAQ:EBAY) – Equities researchers at SunTrust Banks boosted their FY2019 earnings per share (EPS) estimates for shares of eBay in a report issued on Wednesday, January 30th. SunTrust Banks analyst Y. Squali now expects that the e-commerce company will post earnings per share of $2.22 for the year, up from their previous forecast of $1.95. SunTrust Banks has a “Hold” rating and a $38.00 price objective on the stock. SunTrust Banks also issued estimates for eBay’s FY2020 earnings at $2.32 EPS, FY2021 earnings at $2.56 EPS, FY2022 earnings at $2.70 EPS and FY2023 earnings at $2.86 EPS.
A number of other brokerages also recently issued reports on EBAY. BidaskClub upgraded eBay from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. Benchmark restated a “buy” rating and set a $42.00 price objective (up from $41.00) on shares of eBay in a research report on Wednesday, January 30th. FIX downgraded eBay from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $44.00 to $33.00 in a research report on Monday, October 22nd. Bank of America restated a “neutral” rating and set a $38.00 price objective (up from $34.00) on shares of eBay in a research report on Wednesday, January 23rd. Finally, Citigroup restated a “buy” rating and set a $42.00 price objective (up from $41.00) on shares of eBay in a research report on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.13.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. eBay had a return on equity of 27.40% and a net margin of 23.54%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.86 billion.
The firm also recently declared a Not Available dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 28th.
In related news, VP Brian J. Doerger sold 3,526 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $28.21, for a total value of $99,468.46. Following the transaction, the vice president now owns 37,664 shares of the company’s stock, valued at $1,062,501.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Brian J. Doerger sold 10,185 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $34.30, for a total value of $349,345.50. Following the completion of the transaction, the vice president now directly owns 39,544 shares in the company, valued at approximately $1,356,359.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,646 shares of company stock worth $2,992,510. Company insiders own 6.22% of the company’s stock.
A number of large investors have recently made changes to their positions in EBAY. Clean Yield Group bought a new position in eBay in the fourth quarter worth approximately $28,000. Financial Gravity Companies Inc. bought a new position in eBay in the fourth quarter worth approximately $42,000. Benjamin F. Edwards & Company Inc. grew its stake in eBay by 22.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,349 shares of the e-commerce company’s stock worth $66,000 after purchasing an additional 427 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in eBay by 2,674.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,974,634 shares of the e-commerce company’s stock worth $106,000 after purchasing an additional 2,867,412 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in eBay in the fourth quarter worth approximately $125,000. 83.27% 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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