Analysts expect that eBay Inc (NASDAQ:EBAY) will post sales of $2.67 billion for the current quarter, Zacks reports. Twelve analysts have made estimates for eBay’s earnings, with the highest sales estimate coming in at $2.69 billion and the lowest estimate coming in at $2.66 billion. eBay posted sales of $2.33 billion during the same quarter last year, which suggests a positive year over year growth rate of 14.6%. The firm is scheduled to issue its next quarterly earnings report on Thursday, July 19th.
On average, analysts expect that eBay will report full-year sales of $10.99 billion for the current financial year, with estimates ranging from $10.90 billion to $11.08 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $11.86 billion per share, with estimates ranging from $11.50 billion to $12.08 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover eBay.
eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 25th. The e-commerce company reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.59 billion. eBay had a negative net margin of 16.56% and a positive return on equity of 18.06%. eBay’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share.
A number of research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “neutral” rating and issued a $46.00 price objective on shares of eBay in a research note on Thursday, April 26th. BidaskClub lowered shares of eBay from a “hold” rating to a “sell” rating in a research note on Tuesday, June 19th. Stifel Nicolaus reaffirmed a “neutral” rating and issued a $44.00 price objective on shares of eBay in a research note on Thursday, April 26th. Aegis reaffirmed a “buy” rating and issued a $54.00 price objective on shares of eBay in a research note on Tuesday, May 1st. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $50.00 price objective on shares of eBay in a research note on Wednesday, April 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.41.
eBay stock opened at $37.11 on Tuesday. eBay has a 1-year low of $33.94 and a 1-year high of $46.99. The firm has a market capitalization of $37.86 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.63 and a current ratio of 2.63.
In related news, SVP Stephen Fisher sold 86,843 shares of the firm’s stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $38.10, for a total transaction of $3,308,718.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian J. Doerger sold 9,232 shares of the firm’s stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $38.15, for a total transaction of $352,200.80. Following the sale, the vice president now owns 32,909 shares of the company’s stock, valued at approximately $1,255,478.35. The disclosure for this sale can be found here. Insiders have sold 185,558 shares of company stock valued at $7,242,024 in the last 90 days. 6.22% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of EBAY. Suntrust Banks Inc. increased its holdings in eBay by 7.0% during the fourth quarter. Suntrust Banks Inc. now owns 29,343 shares of the e-commerce company’s stock worth $1,105,000 after buying an additional 1,919 shares during the last quarter. Standard Life Aberdeen plc increased its stake in shares of eBay by 4.1% in the fourth quarter. Standard Life Aberdeen plc now owns 905,801 shares of the e-commerce company’s stock worth $34,190,000 after purchasing an additional 36,013 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of eBay by 6.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 139,962 shares of the e-commerce company’s stock worth $5,282,000 after purchasing an additional 8,697 shares in the last quarter. Bbva Compass Bancshares Inc. increased its stake in shares of eBay by 10.3% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 25,908 shares of the e-commerce company’s stock worth $977,000 after purchasing an additional 2,413 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. purchased a new position in shares of eBay in the fourth quarter worth about $107,000. Institutional investors and hedge funds own 86.23% of the company’s stock.
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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