eBay Inc. (EBAY) Scheduled to Post Quarterly Earnings on Wednesday
eBay Inc. (NASDAQ:EBAY) is set to issue its Q316 quarterly earnings data after the market closes on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $2.19 billion for the quarter. eBay has set its Q3 guidance at $0.42-0.44 EPS and its FY16 guidance at $1.85-1.90 EPS.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. eBay had a net margin of 22.00% and a return on equity of 29.12%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the firm posted $0.42 earnings per share. eBay’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts expect eBay to post $1.59 EPS for the current fiscal year and $1.77 EPS for the next fiscal year.
eBay Inc. (NASDAQ:EBAY) opened at 31.81 on Tuesday. eBay Inc. has a 12-month low of $21.52 and a 12-month high of $33.19. The stock has a market cap of $35.91 billion, a price-to-earnings ratio of 19.55 and a beta of 1.17. The company has a 50-day moving average of $32.01 and a 200 day moving average of $27.54.
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EBAY has been the topic of several recent analyst reports. Deutsche Bank AG restated a “hold” rating on shares of eBay in a report on Sunday, July 10th. Cantor Fitzgerald restated a “hold” rating on shares of eBay in a report on Saturday, July 9th. Pacific Crest downgraded eBay to a “sell” rating in a report on Saturday, October 1st. Robert W. Baird restated an “outperform” rating and set a $35.00 price objective on shares of eBay in a report on Monday. Finally, Benchmark Co. boosted their price objective on eBay from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $33.88.
In other news, Director Robert Holmes Swan sold 50,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $30.65, for a total transaction of $1,532,500.00. Following the sale, the director now owns 425,288 shares of the company’s stock, valued at $13,035,077.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Raymond J. Pittman sold 39,030 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $32.14, for a total value of $1,254,424.20. Following the sale, the senior vice president now directly owns 32,738 shares in the company, valued at approximately $1,052,199.32. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Mycio Wealth Partners LLC raised its stake in eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock worth $100,000 after buying an additional 949 shares in the last quarter. Usca Ria LLC increased its position in eBay by 2.2% in the second quarter. Usca Ria LLC now owns 9,376 shares of the e-commerce company’s stock worth $219,000 after buying an additional 200 shares during the last quarter. Guardian Capital LP purchased a new position in eBay during the second quarter worth about $255,000. Argent Trust Co increased its position in eBay by 25.6% in the second quarter. Argent Trust Co now owns 12,590 shares of the e-commerce company’s stock worth $294,000 after buying an additional 2,570 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its position in eBay by 846.8% in the second quarter. Johnson Financial Group Inc. now owns 12,678 shares of the e-commerce company’s stock worth $297,000 after buying an additional 11,339 shares during the last quarter. 82.07% of the stock is currently owned by institutional investors.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.
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