Etsy, Inc. (NASDAQ:ETSY) Expected to Announce Earnings of $0.38 Per Share

Equities research analysts expect Etsy, Inc. (NASDAQ:ETSYGet Rating) to report $0.38 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Etsy’s earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.20. Etsy reported earnings per share of $0.68 during the same quarter last year, which would indicate a negative year-over-year growth rate of 44.1%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Etsy will report full-year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $2.80. For the next financial year, analysts forecast that the business will report earnings of $3.89 per share, with EPS estimates ranging from $2.16 to $8.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Etsy.

Etsy (NASDAQ:ETSYGet Rating) last issued its earnings results on Wednesday, May 4th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $579.30 million during the quarter, compared to the consensus estimate of $574.71 million. Etsy had a net margin of 18.49% and a return on equity of 73.57%. Etsy’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS.

ETSY has been the topic of several research reports. StockNews.com downgraded shares of Etsy from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. DA Davidson cut their price objective on shares of Etsy from $275.00 to $185.00 in a research report on Thursday, May 5th. Morgan Stanley decreased their target price on Etsy from $154.00 to $113.00 in a research report on Thursday, May 5th. UBS Group upgraded Etsy from a “sell” rating to a “neutral” rating and reduced their price target for the company from $215.00 to $180.00 in a research note on Wednesday, February 2nd. Finally, BTIG Research lowered their price objective on Etsy from $195.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Etsy has a consensus rating of “Buy” and an average price target of $174.58.

In other Etsy news, CEO Josh Silverman sold 41,700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $158.10, for a total value of $6,592,770.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Merilee Buckley sold 655 shares of the company’s stock in a transaction on Tuesday, April 5th. The stock was sold at an average price of $132.54, for a total transaction of $86,813.70. Following the transaction, the chief accounting officer now owns 171 shares of the company’s stock, valued at $22,664.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 172,525 shares of company stock worth $21,504,922. Corporate insiders own 3.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in Etsy in the 4th quarter valued at approximately $223,388,000. Clearbridge Investments LLC increased its holdings in Etsy by 69.7% in the first quarter. Clearbridge Investments LLC now owns 2,314,633 shares of the specialty retailer’s stock valued at $287,663,000 after purchasing an additional 950,415 shares during the period. Capital International Investors raised its position in Etsy by 56.1% during the 1st quarter. Capital International Investors now owns 2,137,886 shares of the specialty retailer’s stock worth $265,696,000 after purchasing an additional 768,350 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its holdings in Etsy by 297.7% during the 1st quarter. NN Investment Partners Holdings N.V. now owns 819,082 shares of the specialty retailer’s stock worth $101,796,000 after buying an additional 613,122 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Etsy by 101.2% in the 1st quarter. SG Americas Securities LLC now owns 7,110 shares of the specialty retailer’s stock valued at $884,000 after buying an additional 606,822 shares during the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

Shares of ETSY stock traded up $3.90 during trading on Friday, reaching $82.15. 3,294,759 shares of the company’s stock were exchanged, compared to its average volume of 4,474,920. Etsy has a twelve month low of $68.40 and a twelve month high of $307.75. The firm’s fifty day moving average price is $107.56 and its 200-day moving average price is $162.17. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 3.52. The stock has a market capitalization of $10.44 billion, a PE ratio of 27.29, a PEG ratio of 1.44 and a beta of 1.75.

Etsy Company Profile (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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