$2.60 Billion in Sales Expected for eBay (EBAY) This Quarter

Brokerages expect eBay (NASDAQ:EBAY) to announce $2.60 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for eBay’s earnings. The lowest sales estimate is $2.58 billion and the highest is $2.61 billion. eBay reported sales of $2.22 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 17.1%. The firm is scheduled to announce its next earnings results on Wednesday, April 18th.

According to Zacks, analysts expect that eBay will report full-year sales of $2.60 billion for the current financial year, with estimates ranging from $10.96 billion to $11.07 billion. For the next fiscal year, analysts forecast that the business will post sales of $11.84 billion per share, with estimates ranging from $10.95 billion to $12.13 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for eBay.

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eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.59. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year.

A number of analysts have recently commented on EBAY shares. Aegis reiterated a “buy” rating and set a $45.00 target price on shares of eBay in a research report on Friday, December 22nd. Robert W. Baird lifted their target price on eBay from $38.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. UBS set a $44.00 target price on eBay and gave the stock a “buy” rating in a research report on Thursday, January 11th. SunTrust Banks upgraded eBay from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Friday, January 12th. Finally, Morgan Stanley set a $36.00 price target on eBay and gave the company a “sell” rating in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $43.46.

In related news, SVP Stephen Fisher sold 22,561 shares of eBay stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $43.97, for a total transaction of $992,007.17. Following the completion of the transaction, the senior vice president now directly owns 95,383 shares in the company, valued at approximately $4,193,990.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Devin Wenig sold 134,207 shares of eBay stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $42.69, for a total value of $5,729,296.83. Following the transaction, the insider now owns 642,077 shares of the company’s stock, valued at $27,410,267.13. The disclosure for this sale can be found here. Insiders have sold a total of 393,202 shares of company stock worth $16,971,727 in the last three months. Corporate insiders own 6.78% of the company’s stock.

Several institutional investors have recently modified their holdings of EBAY. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of eBay during the 4th quarter worth approximately $107,000. Valeo Financial Advisors LLC acquired a new position in shares of eBay during the 3rd quarter worth approximately $122,000. Steward Partners Investment Advisory LLC acquired a new position in shares of eBay during the 3rd quarter worth approximately $139,000. Financial Advocates Investment Management acquired a new position in shares of eBay during the 4th quarter worth approximately $148,000. Finally, Captrust Financial Advisors acquired a new position in shares of eBay during the 4th quarter worth approximately $178,000. Hedge funds and other institutional investors own 88.86% of the company’s stock.

Shares of EBAY traded down $0.94 during midday trading on Friday, reaching $39.09. 5,973,522 shares of the stock were exchanged, compared to its average volume of 10,649,496. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.19 and a current ratio of 2.19. eBay has a twelve month low of $31.89 and a twelve month high of $46.99. The stock has a market capitalization of $40,270.66, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 2.26 and a beta of 1.24.

eBay announced that its Board of Directors has approved a stock buyback program on Wednesday, January 31st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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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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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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