Zacks: Analysts Anticipate Etsy Inc (NASDAQ:ETSY) to Post $0.17 EPS

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Wall Street brokerages expect Etsy Inc (NASDAQ:ETSY) to report earnings per share of $0.17 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Etsy’s earnings, with estimates ranging from $0.09 to $0.21. Etsy reported earnings per share of $0.32 in the same quarter last year, which would indicate a negative year over year growth rate of 46.9%. The business is expected to issue its next quarterly earnings report on Monday, February 24th.

According to Zacks, analysts expect that Etsy will report full-year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.62 to $0.71. For the next financial year, analysts anticipate that the company will report earnings of $0.79 per share, with EPS estimates ranging from $0.58 to $0.95. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Etsy.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $0.12 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.12. Etsy had a net margin of 14.14% and a return on equity of 25.62%. The firm had revenue of $197.95 million during the quarter, compared to the consensus estimate of $193.31 million. During the same quarter last year, the firm earned $0.15 earnings per share. The firm’s revenue was up 31.6% compared to the same quarter last year.

Several research firms have recently commented on ETSY. BidaskClub cut Etsy from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 20th. Zacks Investment Research raised Etsy from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Needham & Company LLC cut their price objective on Etsy from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Canaccord Genuity reduced their target price on Etsy from $85.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Loop Capital decreased their target price on shares of Etsy to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Etsy currently has an average rating of “Buy” and a consensus target price of $66.24.

NASDAQ ETSY opened at $40.51 on Friday. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 66.41, a PEG ratio of 2.75 and a beta of 0.94. The business’s 50 day moving average is $45.44 and its two-hundred day moving average is $56.40. Etsy has a 12-month low of $39.76 and a 12-month high of $73.35. The company has a current ratio of 6.11, a quick ratio of 6.11 and a debt-to-equity ratio of 2.14.

In related news, CTO Michael T. Fisher sold 5,208 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $56.32, for a total value of $293,314.56. Following the sale, the chief technology officer now directly owns 24,168 shares in the company, valued at approximately $1,361,141.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Michael T. Fisher sold 3,289 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $53.21, for a total transaction of $175,007.69. Following the completion of the sale, the chief technology officer now directly owns 24,403 shares in the company, valued at $1,298,483.63. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,251 shares of company stock valued at $668,335. Company insiders own 3.00% of the company’s stock.

A number of large investors have recently bought and sold shares of ETSY. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Etsy during the 1st quarter worth approximately $1,681,000. Commonwealth Equity Services LLC increased its position in Etsy by 10.6% during the second quarter. Commonwealth Equity Services LLC now owns 6,967 shares of the specialty retailer’s stock worth $427,000 after buying an additional 666 shares in the last quarter. Virginia Retirement Systems ET AL raised its holdings in shares of Etsy by 212.4% in the second quarter. Virginia Retirement Systems ET AL now owns 30,300 shares of the specialty retailer’s stock worth $1,860,000 after acquiring an additional 20,600 shares during the last quarter. Creative Planning lifted its position in shares of Etsy by 260.9% in the second quarter. Creative Planning now owns 22,860 shares of the specialty retailer’s stock valued at $1,403,000 after acquiring an additional 16,525 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Etsy by 54.4% in the second quarter. SG Americas Securities LLC now owns 12,806 shares of the specialty retailer’s stock valued at $786,000 after acquiring an additional 4,514 shares in the last quarter. Hedge funds and other institutional investors own 99.65% of the company’s stock.

About Etsy

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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