eBay (EBAY) Set to Announce Earnings on Wednesday

eBay (NASDAQ:EBAY) is set to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect eBay to post earnings of $1.20 per share for the quarter. eBay has set its Q1 guidance at $1.19-$1.23 EPS and its Q1 2024 guidance at 1.190-1.230 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. eBay had a net margin of 27.36% and a return on equity of 29.16%. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts expect eBay to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

eBay Price Performance

Shares of EBAY opened at $51.25 on Wednesday. The firm has a market capitalization of $26.55 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 2.03 and a beta of 1.32. The firm’s fifty day simple moving average is $49.58 and its 200-day simple moving average is $44.38. eBay has a twelve month low of $37.17 and a twelve month high of $52.93. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.09.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from eBay’s previous quarterly dividend of $0.25. eBay’s dividend payout ratio is 20.69%.

eBay announced that its board has authorized a stock repurchase program on Tuesday, February 27th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the e-commerce company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Piper Sandler raised their price objective on shares of eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Morgan Stanley upgraded shares of eBay from an “underweight” rating to an “overweight” rating in a research note on Thursday, April 18th. The Goldman Sachs Group began coverage on eBay in a report on Wednesday, January 10th. They set a “sell” rating and a $38.00 price objective on the stock. UBS Group boosted their target price on eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Finally, Wells Fargo & Company raised their price target on eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $49.21.

Insider Buying and Selling

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the transaction, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.