$0.96 EPS Expected for eBay Inc. (NASDAQ:EBAY) This Quarter

Equities research analysts forecast that eBay Inc. (NASDAQ:EBAY) will announce $0.96 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for eBay’s earnings. The lowest EPS estimate is $0.92 and the highest is $0.98. eBay reported earnings of $1.08 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 11.1%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, August 11th.

According to Zacks, analysts expect that eBay will report full year earnings of $3.94 per share for the current financial year, with EPS estimates ranging from $3.74 to $4.17. For the next year, analysts expect that the firm will report earnings of $4.61 per share, with EPS estimates ranging from $4.08 to $4.89. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for eBay.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 28th. The e-commerce company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.97 billion. eBay had a return on equity of 71.14% and a net margin of 25.49%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share.

Several brokerages have issued reports on EBAY. Susquehanna Bancshares lowered eBay from a “positive” rating to a “neutral” rating and dropped their price target for the company from $75.00 to $66.00 in a research note on Thursday, April 29th. Wolfe Research started coverage on eBay in a research report on Wednesday, March 31st. They issued an “outperform” rating and a $77.00 price target for the company. Piper Sandler upped their price objective on eBay from $71.00 to $81.00 and gave the company an “overweight” rating in a research note on Thursday, July 1st. BMO Capital Markets reduced their price objective on eBay from $67.00 to $63.00 and set a “market perform” rating for the company in a research note on Monday, May 3rd. Finally, Wedbush reiterated a “neutral” rating on shares of eBay in a research note on Wednesday, May 5th. Fourteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $68.96.

In related news, SVP Pete Thompson sold 856 shares of eBay stock in a transaction dated Thursday, June 17th. The stock was sold at an average price of $65.67, for a total value of $56,213.52. Following the sale, the senior vice president now directly owns 45,805 shares in the company, valued at approximately $3,008,014.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.02% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in shares of eBay by 5.2% in the first quarter. BlackRock Inc. now owns 46,710,053 shares of the e-commerce company’s stock valued at $2,860,524,000 after buying an additional 2,323,266 shares during the last quarter. Baupost Group LLC MA boosted its position in eBay by 3.3% during the fourth quarter. Baupost Group LLC MA now owns 31,115,223 shares of the e-commerce company’s stock worth $1,563,540,000 after acquiring an additional 1,000,000 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of eBay by 25.9% in the 1st quarter. Ameriprise Financial Inc. now owns 22,869,948 shares of the e-commerce company’s stock valued at $1,400,707,000 after purchasing an additional 4,699,614 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of eBay by 6.0% in the 1st quarter. Geode Capital Management LLC now owns 10,462,209 shares of the e-commerce company’s stock valued at $639,252,000 after purchasing an additional 588,725 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of eBay by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 6,681,575 shares of the e-commerce company’s stock valued at $409,181,000 after purchasing an additional 29,098 shares during the last quarter. Hedge funds and other institutional investors own 86.63% of the company’s stock.

EBAY stock traded up $2.22 during trading on Thursday, hitting $72.08. The company had a trading volume of 732,380 shares, compared to its average volume of 5,638,388. The stock has a 50-day moving average price of $65.50. eBay has a one year low of $45.36 and a one year high of $70.76. The firm has a market cap of $49.11 billion, a PE ratio of 17.35, a PEG ratio of 1.69 and a beta of 1.15. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.30 and a current ratio of 1.30.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 18th. Stockholders of record on Tuesday, June 1st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, May 28th. eBay’s dividend payout ratio (DPR) is presently 24.57%.

eBay Company Profile

eBay Inc operates marketplace platforms that connect buyers and sellers worldwide. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks.

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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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