$2.81 Billion in Sales Expected for eBay Inc (NASDAQ:EBAY) This Quarter

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Equities research analysts expect eBay Inc (NASDAQ:EBAY) to announce $2.81 billion in sales for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for eBay’s earnings, with estimates ranging from $2.78 billion to $2.82 billion. eBay reported sales of $2.88 billion in the same quarter last year, which would suggest a negative year over year growth rate of 2.4%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that eBay will report full-year sales of $10.79 billion for the current financial year, with estimates ranging from $10.76 billion to $10.82 billion. For the next fiscal year, analysts forecast that the business will post sales of $11.02 billion, with estimates ranging from $10.84 billion to $11.31 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow eBay.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 23rd. The e-commerce company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.65 billion. eBay had a net margin of 18.33% and a return on equity of 44.15%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS.

Several equities analysts recently commented on EBAY shares. Bank of America cut their target price on shares of eBay from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Deutsche Bank restated a “neutral” rating and issued a $42.00 price objective on shares of eBay in a research note on Tuesday, October 22nd. Robert W. Baird set a $46.00 price objective on shares of eBay and gave the company a “buy” rating in a research note on Tuesday, October 8th. Cowen set a $36.00 price objective on shares of eBay and gave the company a “hold” rating in a research note on Monday, October 21st. Finally, Guggenheim restated a “hold” rating on shares of eBay in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company. eBay presently has a consensus rating of “Hold” and an average target price of $42.46.

In other news, CEO Devin Wenig sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $39.86, for a total value of $398,600.00. Following the sale, the chief executive officer now owns 1,022,419 shares of the company’s stock, valued at approximately $40,753,621.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Kensico Capital Management Corp grew its holdings in eBay by 16.7% during the 3rd quarter. Kensico Capital Management Corp now owns 6,610,000 shares of the e-commerce company’s stock worth $257,658,000 after acquiring an additional 945,800 shares during the last quarter. Metropolitan Life Insurance Co NY grew its holdings in eBay by 18.8% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 158,096 shares of the e-commerce company’s stock worth $6,163,000 after acquiring an additional 24,981 shares during the last quarter. Man Group plc grew its holdings in eBay by 43.5% during the 3rd quarter. Man Group plc now owns 3,979,812 shares of the e-commerce company’s stock worth $155,135,000 after acquiring an additional 1,207,216 shares during the last quarter. Soros Fund Management LLC grew its holdings in eBay by 11.8% during the 3rd quarter. Soros Fund Management LLC now owns 1,191,000 shares of the e-commerce company’s stock worth $46,425,000 after acquiring an additional 126,000 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in eBay during the 3rd quarter worth about $1,511,000. 87.38% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:EBAY traded up $0.10 during trading hours on Wednesday, hitting $35.85. 7,534,419 shares of the company traded hands, compared to its average volume of 9,421,840. The stock has a market capitalization of $28.57 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.49 and a beta of 1.38. eBay has a twelve month low of $26.01 and a twelve month high of $42.00. The firm has a 50-day moving average of $36.47 and a 200 day moving average of $38.49. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 2.36.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, November 29th. eBay’s payout ratio is 31.64%.

About eBay

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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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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