Wall Street brokerages expect that eBay Inc (NASDAQ:EBAY) will report $2.71 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for eBay’s earnings, with the highest sales estimate coming in at $2.72 billion and the lowest estimate coming in at $2.68 billion. eBay reported sales of $2.65 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.3%. The firm is expected to announce its next quarterly earnings report on Wednesday, October 28th.
On average, analysts expect that eBay will report full-year sales of $10.74 billion for the current year, with estimates ranging from $10.68 billion to $10.78 billion. For the next fiscal year, analysts anticipate that the company will post sales of $11.64 billion, with estimates ranging from $11.06 billion to $12.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover eBay.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, July 28th. The e-commerce company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.18. eBay had a return on equity of 77.65% and a net margin of 46.91%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the business earned $0.68 EPS. eBay’s revenue was up 18.2% compared to the same quarter last year.
In other news, CFO Andrew John Cring sold 23,240 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $43.00, for a total value of $999,320.00. Following the completion of the sale, the chief financial officer now directly owns 117,919 shares in the company, valued at approximately $5,070,517. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.02% of the company’s stock.
Several large investors have recently bought and sold shares of the company. National Asset Management Inc. purchased a new stake in shares of eBay in the 2nd quarter worth $574,000. Comerica Bank increased its stake in eBay by 9.9% in the 2nd quarter. Comerica Bank now owns 221,741 shares of the e-commerce company’s stock worth $12,493,000 after buying an additional 19,896 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its stake in eBay by 6.1% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 132,175 shares of the e-commerce company’s stock worth $6,933,000 after buying an additional 7,605 shares in the last quarter. Cadence Bank NA purchased a new stake in eBay in the 2nd quarter worth $206,000. Finally, Fox Run Management L.L.C. purchased a new stake in eBay in the 2nd quarter worth $289,000. Hedge funds and other institutional investors own 92.53% of the company’s stock.
Shares of EBAY opened at $55.28 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.58 and a debt-to-equity ratio of 2.95. The business’s 50 day moving average price is $53.69 and its 200-day moving average price is $41.41. eBay has a 52 week low of $26.02 and a 52 week high of $61.06. The stock has a market cap of $38.30 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.47 and a beta of 1.40.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 1st will be paid a $0.16 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.64 annualized dividend and a dividend yield of 1.16%. eBay’s dividend payout ratio (DPR) is 27.59%.
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.
Read More: What is a portfolio manager?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.