eBay (EBAY) Set to Announce Quarterly Earnings on Wednesday

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eBay (NASDAQ:EBAY) is set to issue its quarterly earnings data after the market closes on Wednesday, July 17th. Analysts expect the company to announce earnings of $0.49 per share for the quarter.

eBay (NASDAQ:EBAY) last released its earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.58 billion. eBay had a return on equity of 31.26% and a net margin of 24.43%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. On average, analysts expect eBay to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ:EBAY opened at $40.27 on Tuesday. The firm’s fifty day moving average is $38.68. The company has a market cap of $34.65 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.97 and a beta of 1.35. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.48. eBay has a fifty-two week low of $26.01 and a fifty-two week high of $40.55.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Saturday, June 1st were given a dividend of $0.14 per share. The ex-dividend date was Thursday, May 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.39%. eBay’s payout ratio is 24.14%.

In other eBay news, CEO Devin Wenig sold 10,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $39.75, for a total value of $397,500.00. Following the completion of the transaction, the chief executive officer now owns 1,039,610 shares of the company’s stock, valued at approximately $41,324,497.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Kristin A. Yetto sold 25,156 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $37.41, for a total value of $941,085.96. Following the completion of the transaction, the senior vice president now directly owns 74,547 shares of the company’s stock, valued at approximately $2,788,803.27. The disclosure for this sale can be found here. Insiders have sold a total of 187,199 shares of company stock valued at $7,176,017 in the last three months. 5.60% of the stock is owned by insiders.

A number of analysts have recently weighed in on EBAY shares. Benchmark reiterated a “buy” rating and set a $105.00 target price (up from $90.00) on shares of New Oriental Education & Tech Grp in a research report on Wednesday, April 24th. Morgan Stanley reiterated an “equal weight” rating and set a GBX 230 ($3.01) target price on shares of BT Group in a research report on Monday. Barclays cut their target price on Waters from $218.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 24th. Canaccord Genuity set a C$16.50 target price on Detour Gold and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $41.00 target price on shares of eBay in a research report on Monday. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.04.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps 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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Earnings History for eBay (NASDAQ:EBAY)

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