Brokerages expect eBay Inc. (NASDAQ:EBAY) to report $2.61 billion in sales for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for eBay’s earnings. The highest sales estimate is $2.64 billion and the lowest is $2.59 billion. eBay posted sales of $2.40 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.8%. The company is scheduled to announce its next quarterly earnings results on Wednesday, January 24th.
According to Zacks, analysts expect that eBay will report full-year sales of $2.61 billion for the current fiscal year, with estimates ranging from $9.54 billion to $9.60 billion. For the next fiscal year, analysts forecast that the company will post 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 analysts that cover eBay.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. eBay’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS.
In other eBay news, SVP Marie Oh Huber sold 72,417 shares of the stock in a transaction on 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 directly owns 101,589 shares of the company’s stock, valued at $3,812,635.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Stephen Fisher sold 69,406 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $37.63, for a total value of $2,611,747.78. Following the completion of the sale, the senior vice president now directly owns 144,047 shares in the company, valued at $5,420,488.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,242 shares of company stock valued at $6,842,297. Company insiders own 6.78% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. Steward Partners Investment Advisory LLC bought a new position in eBay during the third quarter valued at about $139,000. Public Employees Retirement System of Ohio boosted its stake in eBay by 2.0% during the third quarter. Public Employees Retirement System of Ohio now owns 709,085 shares of the e-commerce company’s stock valued at $27,271,000 after buying an additional 13,906 shares in the last quarter. GSA Capital Partners LLP boosted its stake in eBay by 26.8% during the third quarter. GSA Capital Partners LLP now owns 16,372 shares of the e-commerce company’s stock valued at $630,000 after buying an additional 3,456 shares in the last quarter. Gofen & Glossberg LLC IL bought a new position in eBay during the third quarter valued at about $204,000. Finally, Wunderlich Capital Managemnt boosted its stake in eBay by 28.5% during the third quarter. Wunderlich Capital Managemnt now owns 26,294 shares of the e-commerce company’s stock valued at $1,011,000 after buying an additional 5,828 shares in the last quarter. 85.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of eBay (NASDAQ:EBAY) traded down $0.05 during midday trading on Wednesday, hitting $37.76. 7,145,144 shares of the company’s stock traded hands, compared to its average volume of 10,215,206. The stock has a market cap of $39,495.23, a price-to-earnings ratio of 5.60, a P/E/G ratio of 2.90 and a beta of 1.33. eBay has a 52 week low of $29.21 and a 52 week high of $39.28. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82.
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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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