Equities analysts forecast that eBay Inc. (NASDAQ:EBAY) will announce sales of $2.61 billion for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for eBay’s earnings, with estimates ranging from $2.60 billion to $2.63 billion. eBay posted sales of $2.87 billion in the same quarter last year, which would indicate a negative year over year growth rate of 9.1%. The company is expected to report its next earnings results on Wednesday, February 2nd.
On average, analysts expect that eBay will report full year sales of $10.42 billion for the current financial year, with estimates ranging from $10.41 billion to $10.43 billion. For the next year, analysts expect that the firm will post sales of $11.04 billion, with estimates ranging from $10.64 billion to $11.81 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow eBay.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 27th. The e-commerce company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.72 by $0.18. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.46 billion. eBay had a net margin of 112.88% and a return on equity of 28.19%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS.
In related news, SVP Pete Thompson sold 1,394 shares of the stock in a transaction that occurred on Friday, September 17th. The shares were sold at an average price of $74.89, for a total transaction of $104,396.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Holmes Swan sold 20,000 shares of the stock in a transaction that occurred on Friday, October 22nd. The shares were sold at an average price of $80.00, for a total transaction of $1,600,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,630 shares of company stock worth $6,252,304. Insiders own 0.21% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. 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 worth $28,000 after buying an additional 335 shares during the last quarter. Capital Analysts LLC raised its holdings in shares of eBay by 115.3% during the second quarter. Capital Analysts LLC now owns 394 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 211 shares during the last quarter. Founders Capital Management purchased a new position in shares of eBay during the third quarter worth $28,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of eBay by 176.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 396 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 253 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of eBay during the third quarter worth $28,000. 90.51% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ EBAY traded down $0.43 during mid-day trading on Friday, hitting $67.05. 10,336,620 shares of the company’s stock traded hands, compared to its average volume of 7,116,640. The company’s 50-day moving average is $73.54 and its two-hundred day moving average is $70.85. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.35 and a quick ratio of 3.35. The company has a market capitalization of $43.59 billion, a P/E ratio of 3.68, a PEG ratio of 1.89 and a beta of 1.14. eBay has a 1 year low of $48.67 and a 1 year high of $81.19.
eBay declared that its board has initiated a share buyback plan on Wednesday, August 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the e-commerce company to purchase up to 6.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 17th. Stockholders of record on Wednesday, December 1st will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, November 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.07%. eBay’s dividend payout ratio is presently 3.95%.
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.
Further Reading: Why do company’s buyback their stock?
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