Etsy, Inc. (ETSY) Set to Announce Earnings on Monday
Etsy, Inc. (NASDAQ:ETSY) is scheduled to post its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect Etsy to post earnings of $0.06 per share for the quarter.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. Etsy had a negative net margin of 3.16% and a positive return on equity of 3.83%. The company had revenue of $101.70 million during the quarter, compared to analysts’ expectations of $101.14 million. During the same period last year, the company posted ($0.06) EPS. Etsy’s revenue was up 19.2% on a year-over-year basis. On average, analysts expect Etsy to post $0.27 EPS for the current fiscal year and $0.28 EPS for the next fiscal year.
Shares of Etsy, Inc. (NASDAQ:ETSY) traded down 3.24% on Monday, reaching $15.85. 1,797,269 shares of the company were exchanged. The company’s 50-day moving average is $16.81 and its 200-day moving average is $14.37. The company’s market capitalization is $1.76 billion. Etsy, Inc. has a 52 week low of $9.41 and a 52 week high of $17.90.
In other news, CEO Josh Silverman acquired 64,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were bought at an average price of $15.67 per share, for a total transaction of $1,002,880.00. Following the acquisition, the chief executive officer now owns 64,000 shares of the company’s stock, valued at approximately $1,002,880. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.00% of the company’s stock.
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Several analysts have commented on the stock. BidaskClub raised shares of Etsy from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Roth Capital set a $14.00 price target on shares of Etsy and gave the company a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada increased their price target on shares of Etsy from $12.00 to $16.00 and gave the company a “sector perform” rating in a research report on Friday, August 4th. Stifel Nicolaus increased their price target on shares of Etsy from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research lowered shares of Etsy from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.
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.
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