eBay (EBAY) Scheduled to Post Quarterly Earnings on Wednesday

eBay (NASDAQ:EBAY) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect eBay to post earnings of $1.20 per share for the quarter. eBay has set its Q1 guidance at $1.19-$1.23 EPS and its Q1 2024 guidance at 1.190-1.230 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.04. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.51 billion. eBay had a net margin of 27.36% and a return on equity of 29.16%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 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.

eBay Stock Up 0.6 %

eBay stock opened at $51.25 on Wednesday. eBay has a 52 week low of $37.17 and a 52 week high of $52.93. The stock has a market cap of $26.55 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 2.03 and a beta of 1.32. The company’s 50-day moving average price is $49.58 and its two-hundred day moving average price is $44.38. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.09.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a $0.27 dividend. This is a positive change from eBay’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 8th. This represents a $1.08 annualized dividend and a dividend yield of 2.11%. eBay’s dividend payout ratio is 20.69%.

eBay declared that its board has authorized a stock buyback plan on Tuesday, February 27th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Transactions at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total value of $50,129.95. Following the transaction, the senior vice president now directly owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on eBay from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. The Goldman Sachs Group began coverage on eBay in a report on Wednesday, January 10th. They set a “sell” rating and a $38.00 price target on the stock. Wells Fargo & Company upped their price target on eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Piper Sandler raised their price objective on eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Finally, Susquehanna upped their target price on eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.21.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.