Brokerages expect eBay Inc. (NASDAQ:EBAY) to report $2.31 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for eBay’s earnings, with estimates ranging from $2.30 billion to $2.32 billion. eBay posted sales of $2.23 billion during the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The company is scheduled to issue its next quarterly earnings report on Wednesday, July 19th.
On average, analysts expect that eBay will report full-year sales of $2.31 billion for the current fiscal year, with estimates ranging from $9.32 billion to $9.45 billion. For the next year, analysts expect that the firm will post sales of $9.97 billion per share, with estimates ranging from $9.86 billion to $10.14 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for eBay.
eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 19th. The e-commerce company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. eBay had a return on equity of 20.44% and a net margin of 86.31%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the company posted $0.47 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis.
A number of research firms have recently commented on EBAY. Goldman Sachs Group, Inc. (The) set a $42.00 price objective on eBay and gave the stock a “buy” rating in a report on Wednesday. Aegis raised their price objective on eBay from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday. Cantor Fitzgerald restated a “hold” rating on shares of eBay in a report on Monday. Credit Suisse Group upgraded eBay to a “buy” rating and set a $44.00 price objective on the stock in a report on Monday, June 12th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $38.00 target price on shares of eBay in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.70.
Shares of eBay (NASDAQ:EBAY) traded up 0.0289% during trading on Wednesday, hitting $34.9201. The stock had a trading volume of 1,888,467 shares. eBay has a one year low of $22.30 and a one year high of $36.50. The company has a market cap of $37.80 billion, a P/E ratio of 5.0295 and a beta of 1.37. The stock’s 50-day moving average price is $34.41 and its 200-day moving average price is $32.74. eBay also saw unusually large options trading on Monday. Stock traders bought 9,108 call options on the company. This represents an increase of 153% compared to the average volume of 3,602 call options.
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In other eBay news, Director Robert Holmes Swan sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $35.00, for a total value of $875,000.00. Following the completion of the transaction, the director now owns 286,562 shares of the company’s stock, valued at approximately $10,029,670. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Stephen Fisher sold 33,008 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $32.35, for a total value of $1,067,808.80. Following the completion of the transaction, the senior vice president now directly owns 109,468 shares of the company’s stock, valued at approximately $3,541,289.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,712 shares of company stock valued at $2,877,612. Insiders own 6.78% of the company’s stock.
Several large investors have recently added to or reduced their stakes in EBAY. BlackRock Inc. raised its stake in eBay by 2,424.9% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after buying an additional 59,937,723 shares in the last quarter. Wellington Management Group LLP raised its stake in eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock valued at $1,249,180,000 after buying an additional 23,404,909 shares in the last quarter. Norges Bank bought a new stake in eBay during the fourth quarter valued at $224,505,000. Nordea Investment Management AB raised its stake in eBay by 46.7% in the first quarter. Nordea Investment Management AB now owns 14,928,670 shares of the e-commerce company’s stock valued at $501,155,000 after buying an additional 4,749,434 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in eBay during the first quarter valued at $96,616,000. Institutional investors own 84.97% of the company’s stock.
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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