Wall Street analysts expect that Etsy, Inc. (NASDAQ:ETSY) will report $104.59 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Etsy’s earnings, with the lowest sales estimate coming in at $104.30 million and the highest estimate coming in at $105.01 million. Etsy reported sales of $87.56 million during the same quarter last year, which indicates a positive year-over-year growth rate of 19.4%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that Etsy will report full year sales of $104.59 million for the current fiscal year, with estimates ranging from $434.00 million to $439.40 million. For the next financial year, analysts forecast that the company will post sales of $512.92 million per share, with estimates ranging from $499.56 million to $520.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Etsy.

Etsy (NASDAQ:ETSY) last announced its earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The firm had revenue of $101.70 million for the quarter, compared to analyst estimates of $101.14 million. Etsy had a negative net margin of 3.16% and a positive return on equity of 3.83%. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) EPS.

Several research analysts recently commented on ETSY shares. BidaskClub raised shares of Etsy from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. DA Davidson started coverage on shares of Etsy in a research note on Wednesday, September 6th. They issued a “buy” rating and a $18.00 price target on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $13.50 price target (up previously from $9.50) on shares of Etsy in a research note on Thursday, July 20th. Zacks Investment Research downgraded shares of Etsy from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $12.00 price target on shares of Etsy in a research note on Friday, June 30th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $15.00.

In other Etsy news, CEO Josh Silverman bought 64,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were bought at an average cost of $15.67 per share, for a total transaction of $1,002,880.00. Following the acquisition, the chief executive officer now directly owns 64,000 shares in the company, valued at $1,002,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of ETSY. Janus Henderson Group PLC bought a new position in Etsy during the 2nd quarter worth about $95,291,000. TPG Group Holdings SBS Advisors Inc. grew its holdings in Etsy by 2,287.5% during the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 5,003,888 shares of the specialty retailer’s stock worth $75,058,000 after acquiring an additional 4,794,297 shares in the last quarter. Janus Capital Management LLC grew its holdings in Etsy by 38.4% during the 1st quarter. Janus Capital Management LLC now owns 6,222,005 shares of the specialty retailer’s stock worth $66,140,000 after acquiring an additional 1,726,152 shares in the last quarter. Southpoint Capital Advisors LP bought a new position in Etsy during the 2nd quarter worth about $16,650,000. Finally, Point72 Asset Management L.P. grew its holdings in Etsy by 204.5% during the 1st quarter. Point72 Asset Management L.P. now owns 1,141,948 shares of the specialty retailer’s stock worth $12,139,000 after acquiring an additional 766,948 shares in the last quarter. Institutional investors own 73.03% of the company’s stock.

Shares of Etsy (NASDAQ:ETSY) opened at 16.38 on Friday. Etsy has a 52 week low of $9.41 and a 52 week high of $17.90. The stock’s 50 day moving average is $16.81 and its 200-day moving average is $14.37. The company’s market cap is $1.82 billion.

COPYRIGHT VIOLATION WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/22/etsy-inc-etsy-expected-to-post-quarterly-sales-of-104-59-million.html.

Etsy Company Profile

Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.

Get a free copy of the Zacks research report on Etsy (ETSY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Etsy (NASDAQ:ETSY)

Receive News & Ratings for Etsy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.