$0.14 Earnings Per Share Expected for Etsy Inc (NASDAQ:ETSY) This Quarter

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Brokerages expect Etsy Inc (NASDAQ:ETSY) to report earnings per share (EPS) of $0.14 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Etsy’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.22. Etsy reported earnings per share of $0.03 in the same quarter last year, which indicates a positive year-over-year growth rate of 366.7%. The business is scheduled to report its next quarterly earnings results on Monday, August 5th.

On average, analysts expect that Etsy will report full-year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.66 to $1.04. For the next fiscal year, analysts expect that the company will report earnings of $1.12 per share, with EPS estimates ranging from $0.91 to $1.42. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Etsy.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Wednesday, May 8th. The specialty retailer reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.10. The business had revenue of $169.33 million during the quarter, compared to the consensus estimate of $170.72 million. Etsy had a net margin of 14.74% and a return on equity of 24.24%. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share.

A number of brokerages recently commented on ETSY. Zacks Investment Research upgraded shares of Etsy from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. TheStreet downgraded shares of Etsy from a “b” rating to a “c+” rating in a research note on Friday, May 24th. BidaskClub upgraded shares of Etsy from a “hold” rating to a “buy” rating in a research note on Monday, May 20th. Roth Capital boosted their target price on shares of Etsy from $72.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, CIBC began coverage on shares of Etsy in a research note on Friday, March 29th. They set a “market perform” rating for the company. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $69.25.

Shares of ETSY stock traded down $0.90 on Tuesday, reaching $63.38. 1,462,443 shares of the stock were exchanged, compared to its average volume of 2,973,922. The company has a quick ratio of 4.87, a current ratio of 4.87 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average price is $64.30. The stock has a market cap of $7.62 billion, a P/E ratio of 103.90, a price-to-earnings-growth ratio of 4.16 and a beta of 0.92. Etsy has a twelve month low of $38.02 and a twelve month high of $73.35.

In other Etsy news, SVP Goyal Kruti Patel sold 4,505 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $61.80, for a total transaction of $278,409.00. Following the transaction, the senior vice president now owns 16,389 shares of the company’s stock, valued at $1,012,840.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael T. Fisher sold 57,292 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $68.65, for a total transaction of $3,933,095.80. Following the transaction, the insider now directly owns 84,518 shares in the company, valued at approximately $5,802,160.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,448 shares of company stock worth $5,361,853. 3.00% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Etsy by 2.9% during the fourth quarter. BlackRock Inc. now owns 8,339,528 shares of the specialty retailer’s stock worth $396,711,000 after purchasing an additional 238,711 shares during the period. First Trust Advisors LP raised its stake in Etsy by 1,054.2% during the first quarter. First Trust Advisors LP now owns 2,426,537 shares of the specialty retailer’s stock worth $163,112,000 after purchasing an additional 2,216,303 shares during the period. Lord Abbett & CO. LLC raised its stake in Etsy by 265.0% during the fourth quarter. Lord Abbett & CO. LLC now owns 2,392,175 shares of the specialty retailer’s stock worth $113,796,000 after purchasing an additional 1,736,734 shares during the period. FMR LLC raised its stake in Etsy by 68.3% during the fourth quarter. FMR LLC now owns 1,882,900 shares of the specialty retailer’s stock worth $89,570,000 after purchasing an additional 763,816 shares during the period. Finally, Northern Trust Corp raised its stake in Etsy by 2.0% during the first quarter. Northern Trust Corp now owns 1,520,823 shares of the specialty retailer’s stock worth $102,230,000 after purchasing an additional 30,357 shares during the period. 95.58% of the stock is currently owned by institutional investors.

Etsy Company Profile

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

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Earnings History and Estimates for Etsy (NASDAQ:ETSY)

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