eBay Inc. (NASDAQ:EBAY) Expected to Post Earnings of $0.97 Per Share

Wall Street analysts expect eBay Inc. (NASDAQ:EBAYGet Rating) to announce $0.98 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for eBay’s earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.89. eBay reported earnings per share of $0.99 during the same quarter last year, which would indicate a negative year over year growth rate of 1%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that eBay will report full year earnings of $4.22 per share for the current fiscal year, with EPS estimates ranging from $3.99 to $4.37. For the next financial year, analysts expect that the company will post earnings of $4.74 per share, with EPS estimates ranging from $4.36 to $5.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover eBay.

eBay (NASDAQ:EBAYGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The e-commerce company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.14). The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.46 billion. eBay had a net margin of 113.26% and a return on equity of 20.91%. The company’s revenue was down 17.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 earnings per share.

Several research firms recently issued reports on EBAY. Susquehanna reduced their price objective on shares of eBay from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, February 25th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of eBay from $64.00 to $60.00 in a research note on Thursday, May 5th. Argus lowered their target price on shares of eBay from $88.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, March 22nd. Bank of America reduced their price target on shares of eBay from $75.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, February 24th. Finally, The Goldman Sachs Group reduced 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. Fourteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus target price of $67.76.

Shares of NASDAQ EBAY traded down $0.66 during mid-day trading on Monday, reaching $48.60. 594,513 shares of the company traded hands, compared to its average volume of 7,181,505. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.48 and a quick ratio of 1.97. The firm has a market cap of $27.57 billion, a PE ratio of 2.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.15. eBay has a fifty-two week low of $47.03 and a fifty-two week high of $81.19. The stock has a fifty day simple moving average of $54.51 and a 200-day simple moving average of $61.68.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Wednesday, June 1st will be paid a $0.22 dividend. The ex-dividend date is Tuesday, May 31st. This represents a $0.88 annualized dividend and a dividend yield of 1.81%. eBay’s payout ratio is 5.16%.

In related news, SVP Pete Thompson sold 2,755 shares of the business’s stock in a transaction dated 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 filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of eBay in the third quarter worth about $28,000. Massmutual Trust Co. FSB ADV increased its position in shares of eBay by 176.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 396 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 253 shares during the last quarter. Bellevue Asset Management LLC bought a new position in shares of eBay in the fourth quarter worth approximately $27,000. EverSource Wealth Advisors LLC bought a new position in shares of eBay in the fourth quarter worth approximately $27,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of eBay in the fourth quarter worth approximately $29,000. 88.99% of the stock is currently owned by hedge funds and other 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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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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