Etsy Inc (NASDAQ:ETSY) Expected to Post Earnings of $0.13 Per Share

Equities analysts expect Etsy Inc (NASDAQ:ETSY) to announce earnings per share (EPS) of $0.13 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Etsy’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.08. Etsy posted earnings per share of $0.15 in the same quarter last year, which suggests a negative year over year growth rate of 13.3%. The firm is expected to issue its next earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that Etsy will report full-year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.64 to $0.99. For the next year, analysts expect that the business will report earnings of $1.04 per share, with EPS estimates ranging from $0.80 to $1.33. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Etsy.

Etsy (NASDAQ:ETSY) last posted its earnings results on Thursday, August 1st. The specialty retailer reported $0.14 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The company had revenue of $181.10 million during the quarter, compared to analyst estimates of $183.28 million. Etsy had a return on equity of 26.77% and a net margin of 15.83%. The business’s revenue was up 36.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 earnings per share.



Several equities analysts have recently commented on ETSY shares. Wedbush set a $64.00 target price on Etsy and gave the company a “hold” rating in a report on Friday, August 2nd. KeyCorp set a $90.00 target price on Etsy and gave the company a “buy” rating in a report on Friday, August 2nd. Canaccord Genuity set a $85.00 target price on Etsy and gave the company a “buy” rating in a report on Friday, August 2nd. TheStreet lowered Etsy from a “b” rating to a “c+” rating in a report on Friday, May 24th. Finally, DA Davidson reaffirmed a “buy” rating on shares of Etsy in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. Etsy presently has an average rating of “Hold” and a consensus target price of $73.13.

Shares of NASDAQ:ETSY traded up $1.05 during trading on Friday, hitting $52.76. 1,108,643 shares of the company traded hands, compared to its average volume of 2,836,230. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 86.49, a PEG ratio of 3.49 and a beta of 0.92. The business’s fifty day moving average is $62.95 and its 200-day moving average is $63.92. Etsy has a one year low of $38.02 and a one year high of $73.35. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.77.

In other Etsy news, SVP Goyal Kruti Patel sold 4,505 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $61.80, for a total value of $278,409.00. Following the completion of the sale, the senior vice president now directly owns 16,389 shares in the company, valued at $1,012,840.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Michael T. Fisher sold 5,209 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $61.31, for a total value of $319,363.79. Following the completion of the sale, the chief technology officer now owns 32,435 shares of the company’s stock, valued at $1,988,589.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,572 shares of company stock valued at $2,046,791. Insiders own 3.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETSY. Quadrant Capital Group LLC bought a new position in shares of Etsy in the first quarter valued at $30,000. Institutional & Family Asset Management LLC increased its holdings in shares of Etsy by 267.7% in the first quarter. Institutional & Family Asset Management LLC now owns 467 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 340 shares in the last quarter. Hanson McClain Inc. bought a new position in shares of Etsy in the second quarter valued at $31,000. Compagnie Lombard Odier SCmA bought a new position in shares of Etsy in the second quarter valued at $31,000. Finally, BSW Wealth Partners bought a new position in shares of Etsy in the second quarter valued at $45,000. Hedge funds and other institutional investors own 95.15% of the company’s stock.

About Etsy

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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Earnings History and Estimates for Etsy (NASDAQ:ETSY)

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