eBay Inc. to Post Q4 2017 Earnings of $0.51 Per Share, SunTrust Banks Forecasts (EBAY)

eBay Inc. (NASDAQ:EBAY) – Research analysts at SunTrust Banks boosted their Q4 2017 earnings estimates for eBay in a research report issued on Friday. SunTrust Banks analyst Y. Squali now expects that the e-commerce company will post earnings per share of $0.51 for the quarter, up from their previous estimate of $0.50. SunTrust Banks currently has a “Buy” rating and a $38.00 target price on the stock. SunTrust Banks also issued estimates for eBay’s FY2022 earnings at $2.60 EPS.

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, hitting the Zacks’ consensus estimate of $0.48. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS.

A number of other research firms have also recently weighed in on EBAY. UBS Group set a $44.00 price objective on shares of eBay and gave the stock a “buy” rating in a research report on Thursday, January 11th. Wells Fargo & Co reissued an “outperform” rating and issued a $45.00 price target on shares of eBay in a research report on Tuesday, September 26th. Goldman Sachs Group set a $40.00 price target on shares of eBay and gave the company a “buy” rating in a research report on Thursday, October 19th. Stifel Nicolaus set a $37.00 price target on shares of eBay and gave the company a “neutral” rating in a research report on Thursday, October 19th. Finally, JPMorgan Chase & Co. set a $38.00 price target on shares of eBay and gave the company a “neutral” rating in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.88.

eBay (NASDAQ EBAY) traded down $0.34 during trading hours on Monday, hitting $37.68. 10,718,700 shares of the company were exchanged, compared to its average volume of 9,952,880. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. The stock has a market cap of $39,570.00, a PE ratio of 5.57, a P/E/G ratio of 2.65 and a beta of 1.34. eBay has a 1 year low of $29.69 and a 1 year high of $40.13.

In other eBay news, SVP Stephen Fisher sold 69,406 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the transaction, the senior vice president now directly owns 144,047 shares of the company’s stock, valued at approximately $5,420,488.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marie Oh Huber sold 72,417 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the transaction, the senior vice president now directly owns 101,589 shares in the company, valued at $3,812,635.17. The disclosure for this sale can be found here. Insiders have sold a total of 184,242 shares of company stock worth $6,842,297 over the last three months. 6.78% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Westside Investment Management Inc. boosted its holdings in shares of eBay by 1.7% in the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after acquiring an additional 60 shares in the last quarter. Frontier Wealth Management LLC boosted its holdings in shares of eBay by 2.3% in the second quarter. Frontier Wealth Management LLC now owns 6,104 shares of the e-commerce company’s stock valued at $213,000 after acquiring an additional 135 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its holdings in shares of eBay by 0.4% in the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 51,535 shares of the e-commerce company’s stock valued at $1,800,000 after acquiring an additional 225 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of eBay by 0.8% in the second quarter. Advisor Group Inc. now owns 43,958 shares of the e-commerce company’s stock valued at $1,510,000 after acquiring an additional 346 shares in the last quarter. Finally, Accident Compensation Corp boosted its holdings in shares of eBay by 1.4% in the second quarter. Accident Compensation Corp now owns 51,900 shares of the e-commerce company’s stock valued at $1,812,000 after acquiring an additional 700 shares in the last quarter. 85.93% of the stock is currently owned by institutional investors.

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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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