Analysts Anticipate eBay Inc. (EBAY) Will Post Quarterly Sales of $2.61 Billion

Equities research analysts predict that eBay Inc. (NASDAQ:EBAY) will report sales of $2.61 billion for the current quarter, Zacks reports. Eleven analysts have provided estimates for eBay’s earnings, with the highest sales estimate coming in at $2.64 billion and the lowest estimate coming in at $2.59 billion. eBay reported sales of $2.40 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 8.8%. The firm is expected to announce its next quarterly earnings report on Wednesday, January 24th.

On average, analysts expect that eBay will report full year sales of $2.61 billion for the current fiscal year, with estimates ranging from $9.54 billion to $9.60 billion. For the next year, analysts expect that the company will report sales of $10.25 billion per share, with estimates ranging from $10.00 billion to $10.64 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow eBay.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.48. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. eBay’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business earned $0.45 EPS.

A number of brokerages have weighed in on EBAY. Aegis reiterated a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of eBay in a report on Tuesday, September 19th. Robert W. Baird reiterated a “buy” rating and issued a $38.00 price target on shares of eBay in a report on Monday, October 16th. Piper Jaffray Companies set a $34.00 price target on shares of eBay and gave the company a “hold” rating in a report on Wednesday, October 11th. KeyCorp reiterated a “hold” rating on shares of eBay in a report on Wednesday, October 11th. Finally, DA Davidson assumed coverage on shares of eBay in a report on Wednesday, September 13th. They issued a “buy” rating and a $45.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.45.

Shares of eBay (NASDAQ:EBAY) traded down $0.12 on Tuesday, hitting $35.85. 7,269,000 shares of the company’s stock were exchanged, compared to its average volume of 8,871,020. The firm has a market cap of $37,573.22, a price-to-earnings ratio of 22.48, a PEG ratio of 2.76 and a beta of 1.36. eBay has a 52 week low of $27.28 and a 52 week high of $39.28. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46.

eBay announced that its board has approved a share repurchase program on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

In related news, SVP Stephen Fisher sold 69,406 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $37.63, for a total value of $2,611,747.78. Following the sale, the senior vice president now directly owns 144,047 shares in the company, valued at approximately $5,420,488.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marie Oh Huber sold 72,417 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the completion of the sale, the senior vice president now owns 101,589 shares in the company, valued at $3,812,635.17. The disclosure for this sale can be found here. Insiders sold a total of 166,823 shares of company stock worth $6,267,308 over the last quarter. Insiders own 6.78% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in shares of eBay by 14.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock worth $183,717,000 after purchasing an additional 668,503 shares in the last quarter. Colony Group LLC acquired a new stake in shares of eBay during the second quarter valued at approximately $213,000. Synovus Financial Corp raised its holdings in shares of eBay by 164.4% during the second quarter. Synovus Financial Corp now owns 59,888 shares of the e-commerce company’s stock valued at $2,091,000 after acquiring an additional 37,237 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of eBay by 19.1% during the third quarter. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company’s stock valued at $123,651,000 after acquiring an additional 515,634 shares during the period. Finally, Virtu KCG Holdings LLC raised its holdings in shares of eBay by 113.9% during the second quarter. Virtu KCG Holdings LLC now owns 64,103 shares of the e-commerce company’s stock valued at $2,238,000 after acquiring an additional 34,134 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

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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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