Analysts Anticipate eBay Inc. (EBAY) Will Post Quarterly Sales of $2.61 Billion

Analysts forecast that eBay Inc. (NASDAQ:EBAY) will post $2.61 billion in sales for the current fiscal quarter, according to Zacks. Eleven analysts have made estimates for eBay’s earnings, with the highest sales estimate coming in at $2.64 billion and the lowest estimate coming in at $2.59 billion. eBay posted sales of $2.40 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8.8%. The company is scheduled to report its next earnings results after the market closes on Wednesday, January 31st.

According to Zacks, 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 year, analysts expect that the company will report sales of $10.27 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 follow eBay.

A number of research firms have commented on EBAY. Morgan Stanley set a $36.00 price target on eBay and gave the company a “sell” rating in a research report on Friday, January 12th. SunTrust Banks raised eBay from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Friday, January 12th. UBS Group set a $44.00 price target on eBay and gave the company a “buy” rating in a research report on Thursday, January 11th. Robert W. Baird upped their price target on eBay from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Finally, Aegis reaffirmed a “buy” rating and set a $45.00 price target on shares of eBay in a research report on Saturday, December 30th. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have given a buy rating to the company. eBay presently has an average rating of “Hold” and a consensus target price of $38.88.

In related news, VP Brian J. Doerger sold 6,660 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $35.99, for a total transaction of $239,693.40. Following the completion of the transaction, the vice president now owns 16,732 shares of the company’s stock, valued at approximately $602,184.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Raymond J. Pittman sold 31,400 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $35.58, for a total value of $1,117,212.00. Following the transaction, the senior vice president now directly owns 74,334 shares of the company’s stock, valued at approximately $2,644,803.72. The disclosure for this sale can be found here. Insiders sold a total of 42,419 shares of company stock valued at $1,512,740 in the last three months. Corporate insiders own 6.78% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Palo Capital Inc. increased its position in eBay by 14.1% during the 4th quarter. Palo Capital Inc. now owns 67,650 shares of the e-commerce company’s stock valued at $2,553,000 after buying an additional 8,347 shares in the last quarter. Diversified Trust Co increased its position in eBay by 8.5% during the 4th quarter. Diversified Trust Co now owns 78,546 shares of the e-commerce company’s stock valued at $2,964,000 after buying an additional 6,170 shares in the last quarter. State of Alaska Department of Revenue increased its position in eBay by 295.8% during the 4th quarter. State of Alaska Department of Revenue now owns 111,526 shares of the e-commerce company’s stock valued at $4,207,000 after buying an additional 83,346 shares in the last quarter. BKD Wealth Advisors LLC increased its position in eBay by 11.7% during the 4th quarter. BKD Wealth Advisors LLC now owns 15,088 shares of the e-commerce company’s stock valued at $569,000 after buying an additional 1,583 shares in the last quarter. Finally, Westpac Banking Corp increased its position in eBay by 4.4% during the 4th quarter. Westpac Banking Corp now owns 376,946 shares of the e-commerce company’s stock valued at $14,226,000 after buying an additional 15,880 shares in the last quarter. 85.96% of the stock is owned by institutional investors.

eBay (NASDAQ:EBAY) traded up $1.15 on Tuesday, reaching $39.58. The company’s stock had a trading volume of 10,714,900 shares, compared to its average volume of 10,451,914. The company has a market cap of $41,370.00, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 2.67 and a beta of 1.34. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. eBay has a fifty-two week low of $29.69 and a fifty-two week high of $40.13.

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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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