eBay Inc (NASDAQ:EBAY) – Stock analysts at Wedbush issued their Q1 2020 earnings estimates for eBay in a research report issued to clients and investors on Thursday, July 18th. Wedbush analyst Y. Arounian anticipates that the e-commerce company will earn $0.61 per share for the quarter. Wedbush also issued estimates for eBay’s Q2 2020 earnings at $0.57 EPS, Q3 2020 earnings at $0.63 EPS and Q4 2020 earnings at $0.74 EPS.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, beating 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%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS.
Other analysts have also recently issued research reports about the stock. Citigroup dropped their price objective on shares of Cimarex Energy from $98.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. SunTrust Banks lifted their price objective on shares of Brown & Brown to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Canaccord Genuity lifted their price objective on shares of eBay from $38.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. DA Davidson dropped their price objective on shares of Comerica to $75.00 and set a “neutral” rating for the company in a research note on Thursday, July 18th. Finally, Deutsche Bank lifted their price objective on shares of eBay from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $41.37.
Shares of eBay stock opened at $41.03 on Monday. eBay has a twelve month low of $26.01 and a twelve month high of $42.00. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.89. The business has a 50-day simple moving average of $39.33. The firm has a market cap of $33.73 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.92 and a beta of 1.35.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.36%. eBay’s dividend payout ratio is currently 24.14%.
In other news, SVP Kristin A. Yetto sold 27,512 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $38.34, for a total value of $1,054,810.08. Following the completion of the sale, the senior vice president now owns 98,856 shares in the company, valued at $3,790,139.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Scott F. Schenkel sold 89,707 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $38.50, for a total transaction of $3,453,719.50. Following the completion of the sale, the chief financial officer now owns 273,283 shares of the company’s stock, valued at approximately $10,521,395.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,199 shares of company stock valued at $7,176,017. 5.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Riverview Trust Co purchased a new stake in shares of eBay in the first quarter worth about $25,000. Paragon Capital Management LLC purchased a new stake in shares of eBay in the first quarter worth about $28,000. Cable Hill Partners LLC lifted its holdings in shares of eBay by 64.6% in the first quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock worth $28,000 after buying an additional 295 shares in the last quarter. Brand Asset Management Group Inc. lifted its holdings in shares of eBay by 69.6% in the first quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock worth $32,000 after buying an additional 355 shares in the last quarter. Finally, Icon Wealth Partners LLC purchased a new stake in eBay in the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 86.20% of the company’s stock.
eBay Company Profile
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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