Wall Street brokerages forecast that eBay Inc. (NASDAQ:EBAY) will report $2.61 billion in sales for the current fiscal quarter, according to Zacks. Eleven analysts have made estimates for eBay’s earnings. The highest sales estimate is $2.64 billion and the lowest is $2.59 billion. eBay reported sales of $2.40 billion in the same quarter last year, which indicates a positive year over year growth rate of 8.8%. The business is scheduled to report its next quarterly earnings report on Wednesday, January 24th.

On average, analysts expect that eBay will report full-year sales of $2.61 billion for the current year, with estimates ranging from $9.54 billion to $9.60 billion. For the next financial year, analysts anticipate that the firm will report sales of $10.25 billion per share, with estimates ranging from $10.00 billion to $10.64 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover eBay.

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

EBAY has been the topic of several recent analyst reports. BMO Capital Markets raised eBay from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Monday, December 4th. SunTrust Banks reaffirmed a “hold” rating and issued a $38.00 price target on shares of eBay in a research note on Friday, November 17th. Piper Jaffray Companies set a $34.00 price target on eBay and gave the company a “hold” rating in a research note on Wednesday, October 11th. Guggenheim initiated coverage on eBay in a research note on Friday, October 20th. They issued a “neutral” rating on the stock. Finally, BidaskClub raised eBay from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eighteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $38.54.

In other eBay news, VP Brian J. Doerger sold 4,359 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $35.75, for a total transaction of $155,834.25. Following the sale, the vice president now owns 23,392 shares in the company, valued at approximately $836,264. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Marie Oh Huber sold 72,417 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $37.53, for a total value of $2,717,810.01. Following the sale, the senior vice president now owns 101,589 shares in the company, valued at approximately $3,812,635.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,242 shares of company stock worth $6,842,297. 6.78% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. Captrust Financial Advisors purchased a new position in shares of eBay in the 2nd quarter valued at about $108,000. BB&T Investment Services Inc. purchased a new position in shares of eBay in the 2nd quarter valued at about $119,000. Valeo Financial Advisors LLC purchased a new position in shares of eBay in the 3rd quarter valued at about $122,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of eBay in the 2nd quarter valued at about $123,000. Finally, Westside Investment Management Inc. increased its holdings in shares of eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 85.93% of the company’s stock.

eBay (NASDAQ EBAY) opened at $39.69 on Friday. The firm has a market capitalization of $41,460.00, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 2.72 and a beta of 1.34. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. eBay has a 12 month low of $29.61 and a 12 month high of $39.83.

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About eBay

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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