eBay (EBAY) Set to Announce Earnings on Wednesday

eBay (NASDAQ:EBAYGet Rating) will release its earnings data after the market closes on Wednesday, May 4th. Analysts expect eBay to post earnings of $0.87 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

eBay (NASDAQ:EBAYGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The e-commerce company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.07. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. eBay had a return on equity of 24.01% and a net margin of 125.94%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, analysts expect eBay to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NASDAQ:EBAY opened at $53.10 on Wednesday. The stock has a fifty day simple moving average of $55.12 and a two-hundred day simple moving average of $63.28. The stock has a market capitalization of $30.12 billion, a price-to-earnings ratio of 2.62, a PEG ratio of 1.41 and a beta of 1.16. eBay has a 12-month low of $49.53 and a 12-month high of $81.19. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.79.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Thursday, March 10th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $0.88 annualized dividend and a dividend yield of 1.66%. This is a boost from eBay’s previous quarterly dividend of $0.18. eBay’s payout ratio is currently 4.35%.

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on eBay in a research note on Tuesday, March 15th. They issued a “buy” rating and a $64.00 price target for the company. Susquehanna Bancshares decreased their price target on eBay from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, February 25th. Piper Sandler decreased their price target on eBay from $73.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, March 11th. Argus decreased their price target on eBay from $88.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, March 22nd. Finally, Truist Financial decreased their price target on eBay from $77.00 to $68.00 in a research note on Thursday, February 24th. Fourteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $69.88.

In other eBay news, SVP Pete Thompson sold 49,523 shares of the business’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $54.45, for a total transaction of $2,696,527.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.21% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new position in shares of eBay in the fourth quarter worth about $26,000. SkyView Investment Advisors LLC bought a new position in shares of eBay in the fourth quarter worth about $40,000. First Community Trust NA purchased a new stake in shares of eBay in the fourth quarter worth about $76,000. Zullo Investment Group Inc. purchased a new stake in shares of eBay in the fourth quarter worth about $115,000. Finally, Forum Financial Management LP purchased a new stake in shares of eBay in the fourth quarter worth about $213,000. 82.95% of the stock is owned by hedge funds and other institutional investors.

About eBay (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.

Further Reading

Earnings History for eBay (NASDAQ:EBAY)

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