Zacks: Analysts Expect eBay Inc. (EBAY) Will Post Earnings of $0.53 Per Share

Brokerages predict that eBay Inc. (NASDAQ:EBAY) will announce $0.53 earnings per share for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for eBay’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.52. eBay reported earnings of $0.49 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 8.2%. The firm is scheduled to report its next earnings results on Wednesday, April 18th.

According to Zacks, analysts expect that eBay will report full-year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.21 to $2.35. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.53 per share, with EPS estimates ranging from $2.43 to $2.61. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for eBay.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.59. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis.

A number of equities analysts have recently commented on the company. Stifel Nicolaus raised their price target on eBay from $37.00 to $41.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. UBS Group reaffirmed a “buy” rating and issued a $48.00 price target (up from $44.00) on shares of eBay in a report on Thursday, February 1st. Bank of America raised their price target on eBay from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Canaccord Genuity reaffirmed a “hold” rating and issued a $43.00 price target on shares of eBay in a report on Thursday, February 1st. Finally, JMP Securities reaffirmed a “neutral” rating on shares of eBay in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eighteen have given a buy rating to the stock. eBay presently has an average rating of “Hold” and a consensus price target of $42.87.

eBay (NASDAQ EBAY) opened at $42.79 on Wednesday. eBay has a twelve month low of $31.80 and a twelve month high of $46.99. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.19 and a quick ratio of 2.46. The company has a market capitalization of $44,700.00, a price-to-earnings ratio of -40.37, a PEG ratio of 2.64 and a beta of 1.31.

eBay announced that its board has authorized a share buyback plan on Wednesday, January 31st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

In other eBay news, VP Brian J. Doerger sold 6,660 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $35.99, for a total transaction of $239,693.40. Following the sale, the vice president now owns 16,732 shares in the company, valued at $602,184.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Raymond J. Pittman sold 31,400 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 74,334 shares in the company, valued at approximately $2,644,803.72. The disclosure for this sale can be found here. Insiders have sold 42,419 shares of company stock worth $1,512,740 in the last 90 days. Company insiders own 6.78% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BB&T Investment Services Inc. purchased a new position in shares of eBay in the second quarter worth about $119,000. Valeo Financial Advisors LLC purchased a new position in shares of eBay in the third quarter worth about $122,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of eBay in the second quarter worth about $123,000. Steward Partners Investment Advisory LLC purchased a new position in shares of eBay in the third quarter worth about $139,000. Finally, Grove Bank & Trust increased its holdings in shares of eBay by 455.2% in the third quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock worth $143,000 after buying an additional 3,050 shares during the period. Institutional investors and hedge funds own 85.84% of the company’s stock.

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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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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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