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eBay Inc. (EBAY) Expected to Announce Earnings of $0.39 Per Share
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According to Zacks, analysts expect that eBay will report full-year earnings of $1.65 per share for the current year, with EPS estimates ranging from $1.62 to $1.69. For the next year, analysts anticipate that the business will report earnings of $1.77 per share, with EPS estimates ranging from $1.65 to $1.87. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for eBay.
eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. eBay had a net margin of 80.93% and a return on equity of 18.32%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year.
Several equities research analysts have recently weighed in on EBAY shares. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $39.00 price objective (up from $38.00) on shares of eBay in a research report on Thursday, April 20th. Canaccord Genuity reiterated a “hold” rating and set a $32.00 price objective (up from $31.00) on shares of eBay in a research report on Thursday, April 20th. J P Morgan Chase & Co set a $38.00 price objective on shares of eBay and gave the stock a “neutral” rating in a research report on Friday. BMO Capital Markets reiterated a “market perform” rating and set a $36.00 price objective on shares of eBay in a research report on Saturday. Finally, Morgan Stanley reiterated an “underweight” rating and set a $28.00 price objective on shares of eBay in a research report on Saturday. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. eBay currently has a consensus rating of “Hold” and a consensus price target of $36.77.
In other eBay news, VP Brian J. Doerger sold 2,903 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $34.11, for a total transaction of $99,021.33. Following the completion of the sale, the vice president now directly owns 30,701 shares of the company’s stock, valued at approximately $1,047,211.11. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $35.00, for a total transaction of $875,000.00. Following the sale, the director now directly owns 286,562 shares of the company’s stock, valued at $10,029,670. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,712 shares of company stock valued at $2,877,612. Insiders own 6.78% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. raised its stake in shares of eBay by 27.8% in the first quarter. UBS Asset Management Americas Inc. now owns 3,813,013 shares of the e-commerce company’s stock worth $128,003,000 after buying an additional 829,988 shares during the period. USA Financial Portformulas Corp bought a new stake in shares of eBay during the fourth quarter worth about $5,303,000. Pinnacle Financial Partners Inc. bought a new stake in shares of eBay during the first quarter worth about $215,000. Menta Capital LLC bought a new stake in shares of eBay during the first quarter worth about $363,000. Finally, River & Mercantile Asset Management LLP bought a new stake in shares of eBay during the fourth quarter worth about $2,738,000. 85.02% of the stock is owned by institutional investors and hedge funds.
eBay (EBAY) traded down 1.53% during mid-day trading on Thursday, reaching $36.61. 22,222,085 shares of the company’s stock were exchanged. The firm has a market cap of $39.39 billion, a price-to-earnings ratio of 5.49 and a beta of 1.36. The stock has a 50-day moving average of $35.28 and a 200-day moving average of $33.60. eBay has a 12 month low of $27.28 and a 12 month high of $37.48.
eBay announced that its Board of Directors has initiated a share repurchase plan on Thursday, July 20th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the e-commerce company to repurchase up to 7.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
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About eBay
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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