eBay Inc (NASDAQ:EBAY) Expected to Post Quarterly Sales of $2.65 Billion

Wall Street brokerages forecast that eBay Inc (NASDAQ:EBAY) will announce sales of $2.65 billion for the current fiscal quarter, according to Zacks. Twelve analysts have issued estimates for eBay’s earnings. The highest sales estimate is $2.67 billion and the lowest is $2.63 billion. eBay also reported sales of $2.65 billion during the same quarter last year. The company is scheduled to report its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that eBay will report full-year sales of $10.83 billion for the current financial year, with estimates ranging from $10.79 billion to $10.90 billion. For the next year, analysts anticipate that the firm will post sales of $11.41 billion, with estimates ranging from $11.05 billion to $12.05 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow eBay.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.19. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.67 billion. eBay had a net margin of 22.12% and a return on equity of 36.67%. eBay’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share.

A number of equities analysts have recently issued reports on the company. Deutsche Bank upped their price target on eBay from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Morgan Stanley upped their price target on eBay from $34.50 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, July 15th. Barclays upped their price target on eBay from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. BMO Capital Markets upped their price target on eBay from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, DA Davidson upped their price target on eBay to $47.00 and gave the stock a “reduce” rating in a research report on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $41.52.

In other eBay news, CEO Devin Wenig sold 10,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were 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 in the company, valued at $41,324,497.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction of $941,085.96. Following the completion of the transaction, the senior vice president now 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. In the last quarter, insiders sold 41,410 shares of company stock valued at $1,594,062. Insiders own 6.22% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Boston Partners raised its position in shares of eBay by 73.8% in the first quarter. Boston Partners now owns 16,515,786 shares of the e-commerce company’s stock worth $613,397,000 after acquiring an additional 7,015,365 shares during the period. FMR LLC raised its position in shares of eBay by 89.2% during the 1st quarter. FMR LLC now owns 15,082,085 shares of the e-commerce company’s stock worth $560,148,000 after purchasing an additional 7,108,999 shares during the last quarter. Geode Capital Management LLC raised its position in shares of eBay by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 12,491,124 shares of the e-commerce company’s stock worth $350,041,000 after purchasing an additional 801,529 shares during the last quarter. FIL Ltd raised its position in shares of eBay by 12.7% during the 1st quarter. FIL Ltd now owns 9,150,615 shares of the e-commerce company’s stock worth $339,854,000 after purchasing an additional 1,030,271 shares during the last quarter. Finally, Lindsell Train Ltd raised its position in shares of eBay by 0.3% during the 1st quarter. Lindsell Train Ltd now owns 8,873,900 shares of the e-commerce company’s stock worth $329,399,000 after purchasing an additional 23,000 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Shares of EBAY stock opened at $41.10 on Friday. The business’s fifty day simple moving average is $40.01. The firm has a market capitalization of $34.71 billion, a P/E ratio of 17.72, a PEG ratio of 1.97 and a beta of 1.35. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.31 and a current ratio of 1.31. eBay has a 12-month low of $26.01 and a 12-month high of $42.00.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, August 30th. eBay’s payout ratio is 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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