eBay (NASDAQ:EBAY) posted its earnings results on Tuesday. The e-commerce company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02, MarketWatch Earnings reports. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.65 billion. eBay had a positive return on equity of 20.57% and a negative net margin of 10.05%. eBay’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share.
eBay stock traded up $1.77 during mid-day trading on Wednesday, hitting $29.20. 18,965,742 shares of the company’s stock traded hands, compared to its average volume of 13,699,990. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.37 and a quick ratio of 2.37. The company has a market capitalization of $27.05 billion, a P/E ratio of 17.91, a PEG ratio of 1.65 and a beta of 1.19. eBay has a one year low of $26.36 and a one year high of $46.99.
Several analysts have weighed in on the company. Benchmark lowered their target price on eBay from $53.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, July 19th. Monness Crespi & Hardt lowered their target price on eBay from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, July 19th. Citigroup reissued a “buy” rating and issued a $50.00 target price on shares of eBay in a report on Thursday, July 19th. They noted that the move was a valuation call. Wells Fargo & Co reissued a “buy” rating on shares of eBay in a report on Thursday, July 19th. Finally, Guggenheim reissued a “$37.95” rating on shares of eBay in a report on Wednesday, July 18th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.30.
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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