eBay Inc. (EBAY) Releases FY17 Earnings Guidance
eBay Inc. (NASDAQ:EBAY) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.98-2.03 for the period, compared to the Thomson Reuters consensus estimate of $2.01. The company issued revenue guidance of $9.3-9.5 billion, compared to the consensus revenue estimate of $9.42 billion.eBay also updated its Q3 guidance to $0.46-0.48 EPS.
Shares of eBay Inc. (EBAY) traded up 0.27% on Thursday, hitting $37.18. The company had a trading volume of 16,320,263 shares. eBay Inc. has a 52 week low of $27.28 and a 52 week high of $37.48. The stock has a market capitalization of $40.24 billion, a PE ratio of 5.36 and a beta of 1.36. The firm’s 50 day moving average price is $35.20 and its 200-day moving average price is $33.58. eBay also saw unusually large options trading on Wednesday. Traders acquired 2,194 put options on the stock. This represents an increase of approximately 231% compared to the average volume of 663 put options.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. eBay had a return on equity of 20.44% and a net margin of 86.31%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 EPS. Analysts forecast that eBay Inc. will post $2.01 earnings per share for the current fiscal year.
Several analysts recently weighed in on the company. Aegis restated a buy rating and issued a $42.00 price target on shares of eBay in a research note on Monday. TheStreet downgraded eBay from a b- rating to a c+ rating in a research note on Friday, July 14th. Canaccord Genuity restated a hold rating and issued a $32.00 price target on shares of eBay in a research note on Tuesday. Benchmark Co. upped their price target on eBay from $39.00 to $40.00 and gave the stock a buy rating in a research note on Wednesday. Finally, Robert W. Baird restated an outperform rating and issued a $38.00 price target on shares of eBay in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. eBay presently has a consensus rating of Hold and a consensus price target of $36.12.
In other news, SVP Stephen Fisher sold 33,008 shares of the firm’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $32.35, for a total transaction of $1,067,808.80. Following the completion of the transaction, the senior vice president now owns 109,468 shares in the company, valued at $3,541,289.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kathleen C. Mitic sold 11,897 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $33.84, for a total value of $402,594.48. Following the transaction, the director now owns 20,162 shares of the company’s stock, valued at approximately $682,282.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,712 shares of company stock valued at $2,877,612. Company insiders own 6.78% of the company’s stock.
eBay Company Profile
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
Receive News & Ratings for eBay Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay Inc. and related companies with MarketBeat.com's FREE daily email newsletter.