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

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Wall Street brokerages forecast that eBay Inc (NASDAQ:EBAY) will report sales of $2.67 billion for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for eBay’s earnings, with the lowest sales estimate coming in at $2.66 billion and the highest estimate coming in at $2.70 billion. eBay reported sales of $2.64 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.1%. The company is expected to announce its next quarterly earnings results on Wednesday, July 17th.

According to Zacks, 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 fiscal year, analysts expect that the firm will report sales of $11.62 billion, with estimates ranging from $11.22 billion to $12.91 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for eBay.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. eBay had a return on equity of 31.26% and a net margin of 24.43%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis.

A number of research analysts have issued reports on the company. UBS Group boosted their price target on eBay from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Morgan Stanley boosted their price objective on eBay from $33.00 to $34.50 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Deutsche Bank boosted their price objective on eBay from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. BMO Capital Markets boosted their price objective on eBay from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Robert W. Baird boosted their price objective on eBay from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $40.12.

EBAY stock traded up $0.59 during trading on Friday, reaching $38.18. 4,510,260 shares of the company’s stock were exchanged, compared to its average volume of 12,350,499. 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 1-year low of $26.01 and a 1-year high of $40.86. The firm has a market capitalization of $32.97 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.91 and a beta of 1.35.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Saturday, June 1st 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 1.47%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is presently 24.14%.

In related news, SVP Kristin A. Yetto sold 27,512 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $38.34, for a total transaction of $1,054,810.08. Following the transaction, the senior vice president now directly owns 98,856 shares of the company’s stock, valued at $3,790,139.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott F. Schenkel sold 89,707 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 273,283 shares in the company, valued at $10,521,395.50. The disclosure for this sale can be found here. 6.22% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Fulton Bank N.A. raised its holdings in shares of eBay by 2.6% during the first quarter. Fulton Bank N.A. now owns 10,929 shares of the e-commerce company’s stock valued at $405,000 after purchasing an additional 272 shares during the period. Parallel Advisors LLC raised its position in shares of eBay by 10.0% during the 1st quarter. Parallel Advisors LLC now owns 3,021 shares of the e-commerce company’s stock valued at $112,000 after buying an additional 274 shares in the last quarter. Greenleaf Trust raised its position in shares of eBay by 3.3% during the 4th quarter. Greenleaf Trust now owns 9,137 shares of the e-commerce company’s stock valued at $256,000 after buying an additional 290 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of eBay by 1.8% during the 4th quarter. Wetherby Asset Management Inc. now owns 19,693 shares of the e-commerce company’s stock valued at $553,000 after buying an additional 349 shares in the last quarter. Finally, Brand Asset Management Group Inc. raised its position in eBay by 69.6% in the 1st quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock worth $32,000 after purchasing an additional 355 shares during the period. 90.21% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: Net Income

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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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