Brokerages forecast that eBay Inc (NASDAQ:EBAY) will report earnings per share of $0.51 for the current fiscal quarter, Zacks reports. Twelve analysts have provided estimates for eBay’s earnings, with estimates ranging from $0.50 to $0.52. eBay posted earnings of $0.43 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.6%. The business is scheduled to announce its next earnings results on Tuesday, October 29th.
On average, analysts expect that eBay will report full year earnings of $2.23 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.25. For the next fiscal year, analysts forecast that the business will post earnings of $2.45 per share, with EPS estimates ranging from $2.28 to $2.56. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover eBay.
eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.19. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.67 billion. eBay had a return on equity of 36.67% and a net margin of 22.12%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS.
In other news, SVP Kristin A. Yetto sold 6,254 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $40.85, for a total transaction of $255,475.90. Following the completion of the transaction, the senior vice president now owns 73,700 shares of the company’s stock, valued at $3,010,645. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jae Hyun Lee sold 48,111 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $41.92, for a total value of $2,016,813.12. Following the transaction, the senior vice president now directly owns 197,247 shares of the company’s stock, valued at approximately $8,268,594.24. The disclosure for this sale can be found here. Insiders have sold a total of 242,942 shares of company stock valued at $10,060,557 in the last ninety days. Insiders own 6.22% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of EBAY. Dimensional Fund Advisors LP grew its holdings in shares of eBay by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,415,911 shares of the e-commerce company’s stock worth $95,893,000 after purchasing an additional 61,280 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of eBay by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 12,491,124 shares of the e-commerce company’s stock worth $350,041,000 after purchasing an additional 801,529 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of eBay by 101.6% during the first quarter. SG Americas Securities LLC now owns 20,058 shares of the e-commerce company’s stock worth $745,000 after purchasing an additional 1,247,789 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of eBay by 7.7% during the first quarter. Janney Montgomery Scott LLC now owns 47,053 shares of the e-commerce company’s stock worth $1,748,000 after purchasing an additional 3,350 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of eBay by 10.0% during the first quarter. Parallel Advisors LLC now owns 3,021 shares of the e-commerce company’s stock worth $112,000 after purchasing an additional 274 shares in the last quarter. 86.38% of the stock is owned by institutional investors.
Shares of NASDAQ EBAY traded up $0.08 during mid-day trading on Tuesday, reaching $40.37. 3,547,132 shares of the company’s stock were exchanged, compared to its average volume of 6,244,440. The firm has a market capitalization of $33.79 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38. eBay has a 52 week low of $26.01 and a 52 week high of $42.00. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50-day moving average price of $40.26 and a two-hundred day moving average price of $38.39.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd will be issued 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 of this dividend is Friday, August 30th. eBay’s payout ratio is presently 24.14%.
eBay Company Profile
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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