eBay Inc. (EBAY) Releases Quarterly Earnings Results
eBay Inc. (NASDAQ:EBAY) posted its quarterly earnings results on Thursday. The e-commerce company reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45, Bloomberg Earnings reports. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. eBay had a net margin of 86.31% and a return on equity of 20.44%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. eBay updated its Q3 guidance to $0.46-0.48 EPS and its FY17 guidance to $1.98-2.03 EPS.
Shares of eBay (EBAY) traded up 0.27% on Thursday, reaching $37.18. 17,538,266 shares of the company’s stock traded hands. eBay has a 52 week low of $27.28 and a 52 week high of $37.48. The company has a 50 day moving average price of $35.28 and a 200 day moving average price of $33.60. The firm has a market capitalization of $40.24 billion, a price-to-earnings ratio of 5.36 and a beta of 1.36. eBay also saw unusually large options trading activity on Wednesday. Stock traders bought 2,194 put options on the company. This represents an increase of 231% compared to the typical daily volume of 663 put options.
In other eBay news, SVP Stephen Fisher sold 33,008 shares of the business’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $32.35, for a total transaction of $1,067,808.80. Following the sale, the senior vice president now directly owns 109,468 shares in the company, valued at approximately $3,541,289.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Holmes Swan sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $35.00, for a total transaction of $875,000.00. Following the sale, the director now owns 286,562 shares in the company, valued at $10,029,670. The disclosure for this sale can be found here. Insiders have sold a total of 85,712 shares of company stock worth $2,877,612 over the last 90 days. 6.78% of the stock is owned by insiders.
Several equities analysts have commented on EBAY shares. Credit Suisse Group upgraded shares of eBay from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $34.00 to $44.00 in a research note on Monday, June 5th. Robert W. Baird restated an “outperform” rating on shares of eBay in a research note on Monday, July 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $34.00 price target on shares of eBay in a research note on Thursday, April 13th. BidaskClub upgraded shares of eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, TheStreet downgraded shares of eBay from a “b-” rating to a “c+” rating in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $36.12.
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.
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