Etsy (ETSY) Set to Announce Earnings on Wednesday

Etsy (NASDAQ:ETSYGet Rating) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Etsy has set its Q1 2022 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Etsy (NASDAQ:ETSYGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The specialty retailer reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.35. The firm had revenue of $717.14 million during the quarter, compared to analysts’ expectations of $685.45 million. Etsy had a net margin of 21.19% and a return on equity of 83.06%. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 earnings per share. On average, analysts expect Etsy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of ETSY opened at $100.11 on Wednesday. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 1.24 and a beta of 1.64. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 3.80. Etsy has a 12 month low of $96.59 and a 12 month high of $307.75. The company has a 50-day moving average price of $129.98 and a two-hundred day moving average price of $184.79.

In related news, CMO Ryan M. Scott sold 2,323 shares of the business’s stock in a transaction on Tuesday, April 5th. The shares were sold at an average price of $132.60, for a total value of $308,029.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Josh Silverman sold 20,850 shares of the business’s stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $116.54, for a total transaction of $2,429,859.00. Following the completion of the sale, the chief executive officer now directly owns 102,707 shares in the company, valued at $11,969,473.78. The disclosure for this sale can be found here. Insiders have sold a total of 109,975 shares of company stock valued at $16,251,348 in the last ninety days. Company insiders own 3.80% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Monolith Advisors bought a new stake in Etsy in the 4th quarter valued at $41,000. Zullo Investment Group Inc. bought a new stake in Etsy during the 4th quarter worth about $49,000. Neo Ivy Capital Management bought a new stake in Etsy during the 4th quarter worth about $131,000. Horizon Investments LLC bought a new stake in Etsy during the 4th quarter worth about $238,000. Finally, Bell Rock Capital LLC bought a new stake in Etsy during the 4th quarter worth about $254,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have commented on ETSY. Truist Financial cut their price target on shares of Etsy from $274.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, February 10th. Guggenheim cut their target price on shares of Etsy from $330.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, January 7th. Wedbush cut their target price on shares of Etsy from $250.00 to $185.00 in a research note on Friday, February 25th. StockNews.com cut shares of Etsy from a “hold” rating to a “sell” rating in a research note on Tuesday, April 19th. Finally, Jefferies Financial Group cut their target price on shares of Etsy from $275.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, January 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Etsy presently has an average rating of “Buy” and an average target price of $208.95.

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 for Etsy (NASDAQ:ETSY)

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