Equities research analysts expect that eBay Inc. (NASDAQ:EBAY) will announce earnings of $0.38 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for eBay’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.39. eBay also posted earnings per share of $0.38 during the same quarter last year. The firm is expected to issue its next quarterly earnings report on Wednesday, October 18th.
According to Zacks, analysts expect that eBay will report full year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.69. For the next fiscal year, analysts expect that the business will post earnings of $1.75 per share, with EPS estimates ranging from $1.60 to $1.83. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for eBay.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. eBay had a net margin of 80.93% and a return on equity of 17.50%. eBay’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share.
A number of equities research analysts have recently weighed in on EBAY shares. Stifel Nicolaus restated a “hold” rating and issued a $35.00 price objective on shares of eBay in a report on Friday, April 14th. Goldman Sachs Group, Inc. (The) set a $42.00 price objective on shares of eBay and gave the company a “buy” rating in a report on Wednesday, June 28th. Argus raised their price objective on shares of eBay from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, April 12th. Aegis restated a “buy” rating and issued a $40.00 price objective (up from $38.00) on shares of eBay in a report on Thursday, April 13th. Finally, Credit Suisse Group upgraded shares of eBay from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $44.00 in a report on Monday, June 5th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.97.
Shares of eBay (NASDAQ EBAY) traded down 0.77% during trading on Wednesday, reaching $36.08. 7,888,132 shares of the company traded hands. eBay has a 52 week low of $27.28 and a 52 week high of $37.48. The firm’s 50 day moving average price is $35.51 and its 200-day moving average price is $33.97. The company has a market capitalization of $38.62 billion, a price-to-earnings ratio of 5.41 and a beta of 1.36. eBay also was the target of some unusual options trading activity on Monday. Investors acquired 4,033 call options on the company. This represents an increase of 484% compared to the average volume of 690 call options.
eBay announced that its Board of Directors has approved a share repurchase program on Thursday, July 20th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
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In other news, SVP Harry A. Lawton III sold 13,000 shares of eBay stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $35.93, for a total transaction of $467,090.00. Following the completion of the sale, the senior vice president now directly owns 45,488 shares in the company, valued at $1,634,383.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brian J. Doerger sold 2,903 shares of eBay stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $34.11, for a total transaction of $99,021.33. Following the sale, the vice president now owns 30,701 shares of the company’s stock, valued at $1,047,211.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,206 shares of company stock valued at $2,659,043. Insiders own 6.78% of the company’s stock.
Large investors have recently modified their holdings of the company. Westside Investment Management Inc. increased its stake in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after buying an additional 2,638 shares during the period. FNY Partners Fund LP increased its stake in eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after buying an additional 3,300 shares during the last quarter. Parallel Advisors LLC increased its stake in eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock worth $140,000 after buying an additional 858 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after buying an additional 2,230 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new stake in eBay during the second quarter worth about $167,000. Institutional investors and hedge funds own 86.48% of the company’s stock.
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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