eBay Inc. (NASDAQ:EBAY) Expected to Announce Earnings of $0.36 Per Share
Analysts predict that eBay Inc. (NASDAQ:EBAY) will announce $0.36 earnings per share for the current quarter, Zacks reports. Seven analysts have made estimates for eBay’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.35. eBay also reported earnings per share of $0.36 during the same quarter last year. The company is scheduled to report its next earnings report after the market closes on Thursday, July 20th.
According to Zacks, analysts expect that eBay will report full-year earnings of $1.65 per share for the current financial year, with EPS estimates ranging from $1.62 to $1.69. For the next fiscal year, analysts forecast that the firm will report earnings of $1.77 per share, with EPS estimates ranging from $1.65 to $1.87. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow eBay.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. eBay had a net margin of 86.31% and a return on equity of 20.44%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year.
Several brokerages have issued reports on EBAY. Aegis reissued a “buy” rating and set a $42.00 price objective on shares of eBay in a research report on Monday. TheStreet downgraded shares of eBay from a “b-” rating to a “c+” rating in a research report on Friday, July 14th. Canaccord Genuity reissued a “hold” rating and set a $32.00 price objective on shares of eBay in a research report on Tuesday. Benchmark Co. raised their price objective on shares of eBay from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird reissued an “outperform” rating and set a $38.00 price objective on shares of eBay in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.12.
In other eBay news, VP Brian J. Doerger sold 12,904 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $33.57, for a total transaction of $433,187.28. Following the completion of the sale, the vice president now directly owns 33,604 shares in the company, valued at $1,128,086.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Stephen Fisher sold 33,008 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 109,468 shares of the company’s stock, valued at $3,541,289.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,712 shares of company stock valued at $2,877,612. 6.78% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in eBay by 3.3% in the first quarter. Quadrant Capital Group LLC now owns 5,870 shares of the e-commerce company’s stock valued at $189,000 after buying an additional 187 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in eBay by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 338,758 shares of the e-commerce company’s stock valued at $11,372,000 after buying an additional 4,400 shares in the last quarter. Raymond James Trust N.A. increased its stake in eBay by 8.0% in the first quarter. Raymond James Trust N.A. now owns 28,161 shares of the e-commerce company’s stock valued at $945,000 after buying an additional 2,090 shares in the last quarter. Fulton Bank N.A. increased its stake in eBay by 62.6% in the first quarter. Fulton Bank N.A. now owns 16,369 shares of the e-commerce company’s stock valued at $550,000 after buying an additional 6,301 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in eBay by 3.6% in the first quarter. CENTRAL TRUST Co now owns 9,543 shares of the e-commerce company’s stock valued at $320,000 after buying an additional 335 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.
eBay (NASDAQ EBAY) traded up 0.256% during midday trading on Thursday, reaching $37.175. 6,993,057 shares of the company’s stock traded hands. The company has a market capitalization of $40.24 billion, a PE ratio of 5.354 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 has a 1-year low of $27.28 and a 1-year high of $37.48. eBay also saw unusually large options trading activity on Wednesday. Stock investors purchased 2,194 put options on the stock. This is an increase of 231% compared to the average volume of 663 put options.
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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.
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