eBay (NASDAQ:EBAY) Releases Q3 2019 Earnings Guidance

eBay (NASDAQ:EBAY) updated its third quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.62-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.63. The company issued revenue guidance of $2.61-2.66 billion, compared to the consensus revenue estimate of $2.68 billion.eBay also updated its FY 2019 guidance to $2.70-2.75 EPS.

Several research analysts have recently weighed in on the company. BidaskClub cut Vertex Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday, July 9th. Raymond James lowered their target price on SM Energy from $20.00 to $15.00 and set an outperform rating on the stock in a report on Thursday. Deutsche Bank boosted their target price on eBay from $42.00 to $46.00 and gave the stock a buy rating in a report on Thursday. Piper Jaffray Companies upgraded Post from a neutral rating to an overweight rating and boosted their target price for the stock from $106.00 to $130.00 in a report on Thursday. Finally, Morgan Stanley set a $70.00 target price on Edison International and gave the stock a hold rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $41.37.

EBAY opened at $40.21 on Friday. eBay has a one year low of $26.01 and a one year high of $42.00. The firm has a market capitalization of $34.66 billion, a PE ratio of 17.33, a PEG ratio of 1.91 and a beta of 1.35. The firm has a 50 day simple moving average of $38.96. The company has a quick ratio of 1.48, a current ratio of 1.31 and a debt-to-equity ratio of 1.89.



eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.19. eBay had a return on equity of 36.67% and a net margin of 22.12%. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts predict that eBay will post 2.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, August 30th. eBay’s dividend payout ratio (DPR) is 24.14%.

In other eBay news, CEO Devin Wenig sold 10,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $39.75, for a total transaction of $397,500.00. Following the transaction, the chief executive officer now directly owns 1,039,610 shares in the company, valued at $41,324,497.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott F. Schenkel sold 89,707 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $38.50, for a total value of $3,453,719.50. Following the transaction, the chief financial officer now owns 273,283 shares in the company, valued at $10,521,395.50. The disclosure for this sale can be found here. Insiders have sold 187,199 shares of company stock worth $7,176,017 over the last 90 days. 6.22% of the stock is owned by insiders.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps 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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