Etsy Inc Expected to Post FY2017 Earnings of $0.40 Per Share (ETSY)

Etsy Inc (NASDAQ:ETSY) – Research analysts at KeyCorp issued their FY2017 earnings per share estimates for Etsy in a research note issued on Wednesday. KeyCorp analyst E. Yruma anticipates that the specialty retailer will post earnings per share of $0.40 for the year. KeyCorp has a “Overweight” rating on the stock. KeyCorp also issued estimates for Etsy’s Q4 2017 earnings at $0.09 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $0.31 EPS and FY2019 earnings at $0.43 EPS.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Etsy from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, September 15th. DA Davidson began coverage on Etsy in a report on Wednesday, September 6th. They set a “buy” rating and a $18.00 target price for the company. BidaskClub raised Etsy from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $18.00 target price (up previously from $15.00) on shares of Etsy in a report on Tuesday, November 7th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $14.50 target price on shares of Etsy in a report on Wednesday, October 4th. Eleven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.69.

Shares of Etsy (NASDAQ:ETSY) opened at $21.75 on Monday. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $2,639.98, a PE ratio of 181.25, a price-to-earnings-growth ratio of 3.31 and a beta of 1.15. Etsy has a twelve month low of $9.41 and a twelve month high of $21.86.

Etsy announced that its board has approved a share buyback plan on Friday, November 17th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

In related news, Director Frederick R. Wilson sold 87,938 shares of Etsy stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $16.24, for a total transaction of $1,428,113.12. Following the completion of the transaction, the director now directly owns 822,062 shares in the company, valued at $13,350,286.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in ETSY. Janus Henderson Group PLC purchased a new stake in shares of Etsy in the second quarter valued at approximately $95,291,000. TPG Group Holdings SBS Advisors Inc. increased its position in shares of Etsy by 2,287.5% in the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 5,003,888 shares of the specialty retailer’s stock valued at $75,058,000 after buying an additional 4,794,297 shares in the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Etsy in the second quarter valued at approximately $16,650,000. Prudential Financial Inc. purchased a new stake in shares of Etsy in the third quarter valued at approximately $13,091,000. Finally, Pictet Asset Management Ltd. purchased a new stake in shares of Etsy in the third quarter valued at approximately $11,541,000. Institutional investors own 74.40% of the company’s stock.

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Etsy Company Profile

Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.

Earnings History and Estimates for Etsy (NASDAQ:ETSY)

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