Analysts Expect eBay Inc. (EBAY) to Post $0.59 Earnings Per Share

Wall Street brokerages expect eBay Inc. (NASDAQ:EBAY) to post earnings of $0.59 per share for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have made estimates for eBay’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.60. eBay reported earnings of $0.54 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.3%. The firm is scheduled to report its next earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that eBay will report full year earnings of $2.00 per share for the current year, with EPS estimates ranging from $1.99 to $2.01. For the next financial year, analysts anticipate that the business will report earnings of $2.22 per share, with EPS estimates ranging from $2.18 to $2.35. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover eBay.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter last year, the company earned $0.45 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year.

A number of analysts have recently weighed in on EBAY shares. Robert W. Baird reissued a “buy” rating and set a $38.00 price target on shares of eBay in a research report on Monday, October 16th. Benchmark reissued a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of eBay in a research report on Friday, September 22nd. Aegis reissued a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of eBay in a research report on Tuesday, September 19th. DA Davidson started coverage on shares of eBay in a research report on Wednesday, September 13th. They set a “buy” rating and a $45.00 price target for the company. Finally, Goldman Sachs Group set a $40.00 price target on shares of eBay and gave the stock a “buy” rating in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have assigned a buy rating to the company’s stock. eBay currently has a consensus rating of “Hold” and a consensus price target of $38.54.

In other eBay news, SVP Raymond J. Pittman sold 31,400 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $35.58, for a total value of $1,117,212.00. Following the sale, the senior vice president now directly owns 74,334 shares in the company, valued at $2,644,803.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian J. Doerger sold 6,660 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $35.99, for a total value of $239,693.40. Following the completion of the sale, the vice president now owns 16,732 shares in the company, valued at $602,184.68. The disclosure for this sale can be found here. Insiders sold 184,242 shares of company stock worth $6,842,297 over the last quarter. 6.78% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of EBAY. Legal & General Group Plc raised its stake in shares of eBay by 2.5% during the third quarter. Legal & General Group Plc now owns 5,304,279 shares of the e-commerce company’s stock valued at $203,988,000 after purchasing an additional 128,728 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of eBay by 14.6% during the second quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock valued at $183,717,000 after purchasing an additional 668,503 shares in the last quarter. Colony Group LLC bought a new stake in shares of eBay during the second quarter valued at about $213,000. Canada Pension Plan Investment Board raised its stake in shares of eBay by 19.1% during the third quarter. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company’s stock valued at $123,651,000 after purchasing an additional 515,634 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of eBay by 11.0% during the third quarter. Toronto Dominion Bank now owns 378,963 shares of the e-commerce company’s stock valued at $14,574,000 after purchasing an additional 37,654 shares in the last quarter. Institutional investors own 85.93% of the company’s stock.

Shares of eBay (NASDAQ:EBAY) opened at $39.22 on Thursday. eBay has a 1 year low of $29.51 and a 1 year high of $39.28. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. The firm has a market cap of $41,160.00, a P/E ratio of 5.79, a PEG ratio of 2.64 and a beta of 1.34.

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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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