Equities analysts forecast that eBay Inc. (NASDAQ:EBAY) will post sales of $2.45 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for eBay’s earnings, with estimates ranging from $2.44 billion to $2.47 billion. eBay reported sales of $2.61 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.1%. The company is scheduled to announce its next earnings report on Wednesday, October 27th.
On average, analysts expect that eBay will report full-year sales of $10.41 billion for the current financial year, with estimates ranging from $10.30 billion to $10.53 billion. For the next fiscal year, analysts forecast that the business will report sales of $11.10 billion, with estimates ranging from $10.69 billion to $11.37 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover eBay.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, August 11th. The e-commerce company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.16. eBay had a net margin of 115.40% and a return on equity of 38.34%. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the business earned $1.02 EPS.
eBay stock traded down $0.59 during midday trading on Monday, hitting $74.11. The stock had a trading volume of 8,874,889 shares, compared to its average volume of 7,473,745. The firm’s fifty day moving average is $71.94 and its two-hundred day moving average is $65.46. The company has a market capitalization of $48.18 billion, a PE ratio of 3.95, a P/E/G ratio of 2.10 and a beta of 1.10. eBay has a 52-week low of $45.36 and a 52-week high of $77.83. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.64.
The business also recently declared a quarterly dividend, which was paid on Friday, September 17th. Investors of record on Wednesday, September 1st were given a $0.18 dividend. The ex-dividend date was Tuesday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 0.97%. eBay’s dividend payout ratio is presently 24.57%.
eBay announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to repurchase up to 6.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other news, Director Anthony John Bates sold 19,060 shares of eBay stock in a transaction on Wednesday, August 25th. The stock was sold at an average price of $74.12, for a total transaction of $1,412,727.20. Following the completion of the sale, the director now directly owns 20,360 shares in the company, valued at $1,509,083.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Brian J. Doerger sold 2,862 shares of eBay stock in a transaction on Monday, August 30th. The stock was sold at an average price of $77.69, for a total value of $222,348.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,604 shares of company stock valued at $5,788,022. 0.21% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Sawyer & Company Inc raised its holdings in shares of eBay by 515.4% in the second quarter. Sawyer & Company Inc now owns 400 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 335 shares in the last quarter. Capital Analysts LLC raised its holdings in shares of eBay by 115.3% in the second quarter. Capital Analysts LLC now owns 394 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 211 shares in the last quarter. Financial Insights Inc. bought a new stake in shares of eBay in the second quarter valued at about $29,000. Prestige Wealth Management Group LLC raised its holdings in shares of eBay by 387.9% in the first quarter. Prestige Wealth Management Group LLC now owns 522 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 415 shares in the last quarter. Finally, First PREMIER Bank bought a new stake in shares of eBay in the second quarter valued at about $35,000. Hedge funds and other institutional investors own 90.78% of the company’s stock.
eBay Company Profile
eBay, Inc operates as a commerce company. The company platforms include online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. The company technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.
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