eBay Inc. (EBAY) Expected to Announce Earnings of $0.48 Per Share
Equities analysts expect that eBay Inc. (NASDAQ:EBAY) will announce $0.48 earnings per share for the current quarter, according to Zacks. Eleven analysts have issued estimates for eBay’s earnings, with estimates ranging from $0.46 to $0.49. eBay posted earnings of $0.45 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, October 18th.
According to Zacks, analysts expect that eBay will report full-year earnings of $2.01 per share for the current year, with EPS estimates ranging from $1.98 to $2.05. For the next year, analysts expect that the company will report earnings of $2.22 per share, with EPS estimates ranging from $1.97 to $2.46. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover eBay.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis.
Several equities research analysts have issued reports on EBAY shares. Citigroup Inc. restated a “buy” rating and set a $41.00 target price (up previously from $36.00) on shares of eBay in a research report on Thursday, June 8th. Vetr upgraded eBay from a “hold” rating to a “buy” rating and set a $37.30 price target for the company in a research report on Monday, June 12th. Robert W. Baird reiterated an “outperform” rating and set a $38.00 price objective on shares of eBay in a research note on Monday, June 12th. Credit Suisse Group raised eBay to a “buy” rating and set a $44.00 price objective on the stock in a report on Monday, June 12th. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of eBay in a report on Monday, June 26th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.64.
Shares of eBay (NASDAQ:EBAY) traded down 0.13% during midday trading on Wednesday, hitting $38.66. The company had a trading volume of 536,381 shares. The company has a market capitalization of $41.38 billion, a price-to-earnings ratio of 5.80 and a beta of 1.36. eBay has a 12-month low of $27.28 and a 12-month high of $39.05. The company’s 50-day moving average price is $36.89 and its 200 day moving average price is $35.21. eBay also was the target of some unusual options trading activity on Monday. Stock traders acquired 4,033 call options on the company. This represents an increase of 484% compared to the average daily volume of 690 call options.
eBay announced that its Board of Directors has approved a share repurchase program on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to buy up to 7.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
In related news, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $37.51, for a total value of $937,750.00. Following the completion of the sale, the director now directly owns 262,119 shares of the company’s stock, valued at approximately $9,832,083.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian J. Doerger sold 10,450 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the sale, the vice president now owns 24,001 shares in the company, valued at approximately $877,476.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,238 shares of company stock valued at $3,439,297. Company insiders own 6.78% of the company’s stock.
A number of large investors have recently modified their holdings of EBAY. Synovus Financial Corp lifted its stake in shares of eBay by 164.4% during the 2nd quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock valued at $2,091,000 after buying an additional 37,237 shares in the last quarter. Virtu KCG Holdings LLC increased its stake in eBay by 113.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 64,103 shares of the e-commerce company’s stock worth $2,238,000 after buying an additional 34,134 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in eBay in the 2nd quarter worth $167,000. Marble Harbor Investment Counsel LLC increased its stake in eBay by 1.0% in the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 311,375 shares of the e-commerce company’s stock worth $10,873,000 after buying an additional 3,000 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. increased its stake in eBay by 7.7% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 12,066 shares of the e-commerce company’s stock worth $421,000 after buying an additional 858 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.
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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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