eBay (NASDAQ:EBAY) issued an update on its fourth quarter 2018 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.67-0.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.67. The company issued revenue guidance of $2.85-2.89 billion, compared to the consensus revenue estimate of $2.9 billion.eBay also updated its FY 2018 guidance to $2.29-2.31 EPS.
Shares of eBay stock traded up $0.60 on Tuesday, hitting $27.42. 17,060,111 shares of the company traded hands, compared to its average volume of 10,478,456. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.29. eBay has a 12-month low of $26.36 and a 12-month high of $46.99. The stock has a market cap of $27.05 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.68 and a beta of 1.20.
Several equities analysts have recently commented on EBAY shares. SunTrust Banks cut shares of eBay from a buy rating to a hold rating and set a $40.00 price target on the stock. in a report on Tuesday, July 10th. Bank of America decreased their price objective on shares of eBay from $49.00 to $46.00 and set a buy rating for the company in a report on Friday, July 13th. Credit Suisse Group decreased their price objective on shares of eBay from $60.00 to $58.00 and set an outperform rating for the company in a report on Monday, July 16th. BidaskClub upgraded shares of eBay from a sell rating to a hold rating in a report on Wednesday, July 18th. Finally, Guggenheim reiterated a $37.95 rating on shares of eBay in a report on Wednesday, July 18th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $43.41.
eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform 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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