$169.09 Million in Sales Expected for Etsy Inc (ETSY) This Quarter
Equities analysts expect that Etsy Inc (NASDAQ:ETSY) will post sales of $169.09 million for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Etsy’s earnings. The lowest sales estimate is $162.19 million and the highest is $173.50 million. Etsy reported sales of $120.91 million in the same quarter last year, which would suggest a positive year over year growth rate of 39.8%. The firm is expected to announce its next earnings results on Tuesday, May 14th.
According to Zacks, analysts expect that Etsy will report full-year sales of $792.34 million for the current year, with estimates ranging from $787.48 million to $797.31 million. For the next fiscal year, analysts expect that the business will report sales of $971.40 million, with estimates ranging from $942.93 million to $1.00 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Etsy.
Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Monday, February 25th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.06. Etsy had a return on equity of 20.00% and a net margin of 12.84%. The business had revenue of $200.00 million for the quarter, compared to analyst estimates of $194.77 million. During the same period last year, the company earned $0.36 EPS. The firm’s revenue was up 46.7% on a year-over-year basis.
ETSY stock traded down $0.02 during midday trading on Monday, hitting $69.89. 5,159,878 shares of the company’s stock were exchanged, compared to its average volume of 3,348,930. The company has a current ratio of 6.07, a quick ratio of 6.07 and a debt-to-equity ratio of 0.84. The firm has a market cap of $8.36 billion, a PE ratio of 114.57, a P/E/G ratio of 7.58 and a beta of 1.04. Etsy has a one year low of $26.54 and a one year high of $73.35.
In other Etsy news, insider Michael T. Fisher sold 46,874 shares of Etsy stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $65.00, for a total value of $3,046,810.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Jill Simeone sold 11,572 shares of Etsy stock in a transaction dated Friday, January 4th. The shares were sold at an average price of $50.00, for a total value of $578,600.00. Following the completion of the sale, the general counsel now directly owns 2,859 shares in the company, valued at approximately $142,950. The disclosure for this sale can be found here. Insiders sold a total of 121,050 shares of company stock worth $8,048,323 in the last three months. Company insiders own 2.80% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its stake in shares of Etsy by 13.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,680 shares of the specialty retailer’s stock valued at $80,000 after purchasing an additional 200 shares during the period. Suntrust Banks Inc. increased its position in shares of Etsy by 5.2% in the fourth quarter. Suntrust Banks Inc. now owns 4,654 shares of the specialty retailer’s stock valued at $221,000 after acquiring an additional 230 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Etsy by 13.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,260 shares of the specialty retailer’s stock valued at $108,000 after acquiring an additional 268 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Etsy by 8.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,103 shares of the specialty retailer’s stock valued at $338,000 after acquiring an additional 531 shares during the last quarter. Finally, Cornerstone Advisors Inc. acquired a new stake in shares of Etsy in the third quarter valued at about $29,000. 93.22% of the stock is currently owned by hedge funds and other institutional investors.
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.
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