eBay (NASDAQ:EBAY) Issues FY19 Earnings Guidance

eBay (NASDAQ:EBAY) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.70-2.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.70. The company issued revenue guidance of $10.75-10.83 billion, compared to the consensus revenue estimate of $10.92 billion.eBay also updated its FY 2019 guidance to $2.70-2.75 EPS.

Shares of EBAY traded down $0.89 on Wednesday, reaching $39.03. 12,874,007 shares of the stock traded hands, compared to its average volume of 10,762,955. The firm has a market cap of $35.10 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.48 and a current ratio of 1.48. eBay has a 12 month low of $26.01 and a 12 month high of $41.11. The stock’s 50-day moving average is $38.82.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.67 billion. eBay had a return on equity of 31.26% and a net margin of 24.43%. eBay’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 earnings per share. As a group, equities research analysts anticipate that eBay will post 2.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.43%. eBay’s dividend payout ratio is presently 24.14%.

A number of analysts have recently issued reports on EBAY shares. Deutsche Bank boosted their price objective on Texas Instruments from $100.00 to $110.00 and gave the company a hold rating in a research report on Wednesday, April 24th. BMO Capital Markets upped their price target on Inflarx to $64.00 and gave the company an outperform rating in a research report on Wednesday, April 24th. Morgan Stanley set a $70.00 price target on Edison International and gave the company a hold rating in a research report on Monday. Robert W. Baird lowered their price target on Waters from $211.00 to $209.00 and set a neutral rating on the stock in a research report on Wednesday, April 24th. Finally, Benchmark reiterated a buy rating and issued a $105.00 price target (up from $90.00) on shares of New Oriental Education & Tech Grp in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $39.96.

In other news, CFO Scott F. Schenkel sold 89,707 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $38.50, for a total transaction of $3,453,719.50. Following the transaction, the chief financial officer now owns 273,283 shares of the company’s stock, valued at $10,521,395.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian J. Doerger sold 14,237 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $38.06, for a total value of $541,860.22. Following the transaction, the vice president now directly owns 37,340 shares in the company, valued at approximately $1,421,160.40. The disclosure for this sale can be found here. Insiders have sold 187,199 shares of company stock worth $7,176,017 in the last ninety days. 5.60% of the stock is currently owned by insiders.

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 and Estimates for eBay (NASDAQ:EBAY)

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