eBay Receives Negative Earnings Outlook Update from JMP Securities (EBAY)
Equities research analysts at JMP Securities cut their EPS estimates on shares of eBay (NASDAQ:EBAY) in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating and a $60.00 price objective on the company’s shares. JMP Securities’ price objective indicates a potential upside of 12.11% from the company’s current price.
Shares of eBay (NASDAQ:EBAY) traded down 4.02% on Thursday, hitting $51.37. The stock had a trading volume of 28,710,220 shares. eBay has a 52-week low of $45.66 and a 52-week high of $58.04. The stock has a 50-day moving average of $53.79 and a 200-day moving average of $53.65. The company has a market cap of $66.500 billion and a price-to-earnings ratio of 26.36. eBay also saw some unusual options trading activity on Wednesday. Stock traders purchased 31,373 put options on the company. This represents an increase of 381% compared to the typical daily volume of 6,522 put options.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.01. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. Analysts expect that eBay will post $2.71 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of eBay in a research note to investors on Thursday. They now have a $63.00 price target on the stock, down previously from $65.00. Separately, analysts at Deutsche Bank cut their price target on shares of eBay from $59.00 to $56.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of eBay to $66.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Eight analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company. eBay presently has a consensus rating of “Buy” and a consensus target price of $82.97.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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