Etsy, Inc. (NASDAQ:ETSY) Expected to Post Earnings of $0.60 Per Share

Brokerages expect that Etsy, Inc. (NASDAQ:ETSYGet Rating) will report $0.60 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Etsy’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.33. Etsy reported earnings per share of $1.00 during the same quarter last year, which indicates a negative year over year growth rate of 40%. The business is scheduled to report its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Etsy will report full year earnings of $3.29 per share for the current year, with EPS estimates ranging from $2.29 to $4.54. For the next fiscal year, analysts anticipate that the business will report earnings of $4.37 per share, with EPS estimates ranging from $3.16 to $5.41. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Etsy.

Etsy (NASDAQ:ETSYGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The specialty retailer reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.35. Etsy had a return on equity of 83.06% and a net margin of 21.19%. The firm had revenue of $717.14 million for the quarter, compared to analysts’ expectations of $685.45 million. During the same period in the previous year, the firm earned $1.08 EPS. The business’s quarterly revenue was up 16.2% on a year-over-year basis.

A number of research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on Etsy from $179.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 19th. Guggenheim lowered their price target on Etsy from $330.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, January 7th. Wedbush lowered their price target on Etsy from $250.00 to $185.00 in a report on Friday, February 25th. Stifel Nicolaus lowered their price target on Etsy from $230.00 to $200.00 in a report on Friday, February 25th. Finally, BTIG Research lowered their price target on Etsy from $230.00 to $195.00 in a report on Friday, February 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $212.37.

In other news, CEO Josh Silverman sold 38,300 shares of the business’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $158.19, for a total transaction of $6,058,677.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Merilee Buckley sold 655 shares of the business’s stock in a transaction that occurred on Tuesday, April 5th. The shares were sold at an average price of $132.54, for a total value of $86,813.70. Following the transaction, the chief accounting officer now directly owns 171 shares in the company, valued at approximately $22,664.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,975 shares of company stock worth $16,251,348. Corporate insiders own 3.80% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ETSY. Amundi Pioneer Asset Management Inc. bought a new position in Etsy in the 1st quarter valued at $1,681,000. Morgan Stanley grew its position in Etsy by 153.1% in the 2nd quarter. Morgan Stanley now owns 926,785 shares of the specialty retailer’s stock valued at $190,770,000 after acquiring an additional 560,583 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in Etsy by 21.0% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 35,967 shares of the specialty retailer’s stock valued at $7,480,000 after acquiring an additional 6,250 shares during the last quarter. Signaturefd LLC grew its position in Etsy by 91.7% in the 3rd quarter. Signaturefd LLC now owns 575 shares of the specialty retailer’s stock valued at $120,000 after acquiring an additional 275 shares during the last quarter. Finally, Sigma Planning Corp grew its position in Etsy by 89.6% in the 3rd quarter. Sigma Planning Corp now owns 4,420 shares of the specialty retailer’s stock valued at $919,000 after acquiring an additional 2,089 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

ETSY stock opened at $115.79 on Friday. Etsy has a twelve month low of $109.38 and a twelve month high of $307.75. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 3.80. The stock has a market cap of $14.71 billion, a P/E ratio of 33.96, a PEG ratio of 1.20 and a beta of 1.64. The business’s 50-day moving average price is $135.35 and its 200-day moving average price is $189.91.

About Etsy (Get Rating)

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.

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Earnings History and Estimates for Etsy (NASDAQ:ETSY)

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