$2.37 Billion in Sales Expected for eBay Inc. (EBAY) This Quarter
Equities research analysts predict that eBay Inc. (NASDAQ:EBAY) will announce sales of $2.37 billion for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for eBay’s earnings. The lowest sales estimate is $2.33 billion and the highest is $2.42 billion. eBay posted sales of $2.22 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 6.8%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, October 18th.
On average, analysts expect that eBay will report full-year sales of $2.37 billion for the current fiscal year, with estimates ranging from $9.39 billion to $9.63 billion. For the next financial year, analysts forecast that the business will post sales of $10.07 billion per share, with estimates ranging from $9.83 billion to $10.40 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for eBay.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. eBay had a return on equity of 17.50% and a net margin of 80.93%. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the previous year, the firm posted $0.43 EPS. eBay’s revenue was up 4.4% compared to the same quarter last year.
EBAY has been the subject of a number of research analyst reports. Vetr raised shares of eBay from a “hold” rating to a “buy” rating and set a $37.30 target price for the company in a report on Monday, June 12th. Citigroup Inc. reaffirmed a “buy” rating and issued a $41.00 target price (up from $36.00) on shares of eBay in a report on Thursday, June 8th. Credit Suisse Group AG raised shares of eBay to a “buy” rating and set a $44.00 target price for the company in a report on Monday, June 12th. Maxim Group increased their target price on shares of eBay from $36.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) set a $42.00 price target on shares of eBay and gave the company a “buy” rating in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.64.
In other eBay news, Director Robert Holmes Swan sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $37.51, for a total transaction of $937,750.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Harry A. Lawton III sold 34,832 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the transaction, the senior vice president now directly owns 83,058 shares of the company’s stock, valued at $2,907,030. The disclosure for this sale can be found here. Insiders have sold a total of 95,238 shares of company stock valued at $3,439,297 over the last three months. 6.78% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of EBAY. Captrust Financial Advisors acquired a new position in eBay during the 2nd quarter valued at about $108,000. BB&T Investment Services Inc. acquired a new position in eBay during the 2nd quarter valued at about $119,000. Westside Investment Management Inc. boosted its stake in eBay by 284.0% during the 1st quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after purchasing an additional 2,638 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in eBay during the 2nd quarter valued at about $123,000. Finally, FNY Partners Fund LP boosted its stake in eBay by 660.0% during the 1st quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after purchasing an additional 3,300 shares during the period. 84.88% of the stock is owned by hedge funds and other institutional investors.
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Shares of eBay (EBAY) opened at 38.99 on Friday. The company has a 50-day moving average price of $37.09 and a 200 day moving average price of $35.26. eBay has a 12-month low of $27.28 and a 12-month high of $39.05. The firm has a market capitalization of $41.73 billion, a PE ratio of 5.85 and a beta of 1.36.
eBay declared that its board has initiated a share repurchase plan on Thursday, July 20th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
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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