eBay Inc. (EBAY) Set to Announce Quarterly Earnings on Wednesday
eBay Inc. (NASDAQ:EBAY) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. eBay has set its Q3 guidance at $0.46-0.48 EPS and its FY17 guidance at $1.98-2.03 EPS.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 earnings per share. On average, analysts expect eBay to post $2.00 EPS for the current fiscal year and $2.23 EPS for the next fiscal year.
Shares of eBay Inc. (NASDAQ:EBAY) opened at 38.84 on Wednesday. eBay Inc. has a 52-week low of $27.28 and a 52-week high of $39.28. The firm has a market capitalization of $41.57 billion, a price-to-earnings ratio of 5.83 and a beta of 1.36. The stock has a 50 day moving average of $37.46 and a 200 day moving average of $35.40.
eBay declared that its board has authorized a stock repurchase program on Thursday, July 20th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In other eBay news, Director Robert Holmes Swan sold 25,000 shares of the 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 sale, the director now owns 262,119 shares of the company’s stock, valued at approximately $9,832,083.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Brian J. Doerger sold 10,450 shares of the stock in a transaction dated 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 directly 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 three months, insiders have sold 95,238 shares of company stock worth $3,439,297. Insiders own 6.78% of the company’s stock.
EBAY has been the topic of several analyst reports. Robert W. Baird reissued an “outperform” rating on shares of eBay in a research report on Monday, July 3rd. UBS AG set a $40.00 target price on shares of eBay and gave the stock a “buy” rating in a research report on Friday, July 21st. Wells Fargo & Company reissued an “outperform” rating and issued a $45.00 target price on shares of eBay in a research report on Tuesday, September 26th. TheStreet downgraded shares of eBay from a “b-” rating to a “c+” rating in a research report on Friday, July 14th. Finally, BidaskClub raised shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. 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 company. eBay has an average rating of “Hold” and a consensus price target of $37.64.
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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