eBay Inc (NASDAQ:EBAY) Expected to Announce Quarterly Sales of $2.67 Billion

Brokerages predict that eBay Inc (NASDAQ:EBAY) will announce $2.67 billion in sales for the current fiscal quarter, according to Zacks. Twelve analysts have made estimates for eBay’s earnings. The highest sales estimate is $2.70 billion and the lowest is $2.66 billion. eBay reported sales of $2.64 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 1.1%. The firm is scheduled to report its next earnings report after the market closes on Wednesday, July 17th.

On average, analysts expect that eBay will report full year sales of $10.93 billion for the current fiscal year, with estimates ranging from $10.88 billion to $11.14 billion. For the next year, analysts anticipate that the business will post sales of $11.62 billion, with estimates ranging from $11.22 billion to $12.91 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for eBay.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data 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. eBay had a net margin of 24.43% and a return on equity of 31.26%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year.

EBAY has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Teck Resources from C$56.00 to C$55.00 in a research report on Wednesday, April 24th. Morgan Stanley upped their target price on shares of Canadian Pacific Railway from C$272.00 to C$277.00 in a research report on Wednesday, April 24th. Benchmark restated a “buy” rating and issued a $105.00 target price (up previously from $90.00) on shares of New Oriental Education & Tech Grp in a research report on Wednesday, April 24th. Deutsche Bank upped their target price on shares of Texas Instruments from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Finally, Stifel Nicolaus cut shares of Owens Corning from a “buy” rating to a “hold” rating and set a $52.45 target price for the company. in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. eBay currently has a consensus rating of “Hold” and an average price target of $39.98.

In related news, CFO Scott F. Schenkel sold 89,707 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $38.50, for a total value of $3,453,719.50. Following the completion of the sale, the chief financial officer now owns 273,283 shares in the company, valued at approximately $10,521,395.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Brian J. Doerger sold 14,237 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $38.06, for a total transaction of $541,860.22. Following the completion of the sale, the vice president now owns 37,340 shares of the company’s stock, valued at approximately $1,421,160.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 187,199 shares of company stock valued at $7,176,017. 6.22% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Wealth Architects LLC increased its stake in shares of eBay by 63.5% during the 2nd quarter. Wealth Architects LLC now owns 17,196 shares of the e-commerce company’s stock worth $679,000 after purchasing an additional 6,678 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of eBay by 1.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 198,605 shares of the e-commerce company’s stock worth $7,845,000 after purchasing an additional 3,107 shares during the last quarter. Gofen & Glossberg LLC IL acquired a new position in shares of eBay during the 2nd quarter worth $201,000. Joel Isaacson & Co. LLC increased its stake in shares of eBay by 42.9% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 21,973 shares of the e-commerce company’s stock worth $868,000 after purchasing an additional 6,598 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its stake in shares of eBay by 23.6% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 11,000 shares of the e-commerce company’s stock worth $435,000 after purchasing an additional 2,101 shares during the last quarter. Institutional investors and hedge funds own 86.28% of the company’s stock.

Shares of NASDAQ:EBAY traded up $0.46 during trading on Friday, reaching $40.06. 5,188,454 shares of the company’s stock traded hands, compared to its average volume of 7,591,579. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.48 and a quick ratio of 1.48. eBay has a 12 month low of $26.01 and a 12 month high of $40.55. The company’s 50 day moving average is $38.45. The stock has a market cap of $34.91 billion, a PE ratio of 17.27, a P/E/G ratio of 1.95 and a beta of 1.35.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Saturday, June 1st were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.40%. eBay’s dividend payout ratio (DPR) is presently 24.14%.

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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