eBay Inc. (NASDAQ:EBAY) Expected to Announce Quarterly Sales of $2.46 Billion

Brokerages forecast that eBay Inc. (NASDAQ:EBAYGet Rating) will post sales of $2.46 billion for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for eBay’s earnings, with the lowest sales estimate coming in at $2.44 billion and the highest estimate coming in at $2.48 billion. eBay reported sales of $3.02 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 18.5%. The firm is scheduled to report its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that eBay will report full year sales of $10.39 billion for the current financial year, with estimates ranging from $10.28 billion to $10.49 billion. For the next fiscal year, analysts forecast that the company will report sales of $10.90 billion, with estimates ranging from $10.62 billion to $11.10 billion. Zacks’ sales averages are an average based on a survey of analysts that follow eBay.

eBay (NASDAQ:EBAYGet Rating) last announced its earnings results on Wednesday, February 23rd. The e-commerce company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. eBay had a net margin of 125.94% and a return on equity of 24.01%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the company posted $0.72 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis.

EBAY has been the topic of several recent research reports. The Goldman Sachs Group lowered their price target on shares of eBay from $84.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 24th. Bank of America decreased their target price on shares of eBay from $75.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, February 24th. Wells Fargo & Company cut their price target on shares of eBay from $80.00 to $65.00 and set an “equal weight” rating for the company in a report on Thursday, February 24th. Benchmark cut their price target on shares of eBay from $75.00 to $71.00 and set a “buy” rating for the company in a report on Friday, March 11th. Finally, Piper Sandler cut their price target on shares of eBay from $73.00 to $68.00 and set an “overweight” rating for the company in a report on Friday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus price target of $69.88.

Shares of EBAY opened at $55.17 on Wednesday. eBay has a 52-week low of $49.53 and a 52-week high of $81.19. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.79. The firm’s fifty day moving average is $55.58 and its two-hundred day moving average is $63.90. The stock has a market cap of $32.41 billion, a PE ratio of 2.72, a price-to-earnings-growth ratio of 1.40 and a beta of 1.16.

The business also recently announced a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Thursday, March 10th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.60%. The ex-dividend date was Wednesday, March 9th. This is an increase from eBay’s previous quarterly dividend of $0.18. eBay’s dividend payout ratio (DPR) is 4.35%.

In other eBay news, SVP Pete Thompson sold 2,755 shares of the firm’s stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of $57.58, for a total value of $158,632.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

A number of hedge funds have recently modified their holdings of EBAY. Capital World Investors purchased a new position in eBay in the 3rd quarter valued at approximately $457,861,000. Norges Bank purchased a new stake in shares of eBay during the 4th quarter worth $240,751,000. Nordea Investment Management AB lifted its position in shares of eBay by 34.3% during the 1st quarter. Nordea Investment Management AB now owns 13,435,649 shares of the e-commerce company’s stock worth $783,433,000 after purchasing an additional 3,428,575 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of eBay by 43.1% during the 4th quarter. Nuveen Asset Management LLC now owns 5,730,780 shares of the e-commerce company’s stock worth $381,096,000 after purchasing an additional 1,726,110 shares during the last quarter. Finally, Senvest Management LLC lifted its position in shares of eBay by 89.1% during the 4th quarter. Senvest Management LLC now owns 3,551,451 shares of the e-commerce company’s stock worth $236,171,000 after purchasing an additional 1,673,191 shares during the last quarter. 82.95% of the stock is owned by institutional investors.

eBay Company Profile (Get Rating)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

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