$2.60 Billion in Sales Expected for eBay Inc. (EBAY) This Quarter

Wall Street brokerages expect eBay Inc. (NASDAQ:EBAY) to announce $2.60 billion in sales for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for eBay’s earnings, with estimates ranging from $2.58 billion to $2.61 billion. eBay posted sales of $2.22 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 17.1%. The company is expected to issue its next quarterly earnings report on Wednesday, April 18th.

According to Zacks, analysts expect that eBay will report full-year sales of $2.60 billion for the current financial year, with estimates ranging from $10.96 billion to $11.07 billion. For the next year, analysts expect that the company will report sales of $11.83 billion per share, with estimates ranging from $10.95 billion to $12.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for eBay.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.59. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. eBay had a negative net margin of 10.62% and a positive return on equity of 16.82%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share.

Several brokerages recently weighed in on EBAY. Bank of America raised their price target on shares of eBay from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Wedbush reissued a “neutral” rating and set a $46.00 price target on shares of eBay in a research report on Thursday, February 1st. Guggenheim began coverage on shares of eBay in a research report on Friday, October 20th. They set a “neutral” rating for the company. Aegis reissued a “buy” rating and set a $45.00 price target on shares of eBay in a research report on Friday, December 22nd. Finally, UBS Group reissued a “buy” rating and set a $48.00 price target (up previously from $44.00) on shares of eBay in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and eighteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $42.87.

Shares of eBay (NASDAQ:EBAY) opened at $41.02 on Friday. The firm has a market cap of $42,841.35, a P/E ratio of 25.66, a P/E/G ratio of 2.41 and a beta of 1.30. The company has a current ratio of 2.19, a quick ratio of 2.46 and a debt-to-equity ratio of 1.15. eBay has a 1 year low of $31.89 and a 1 year high of $46.99.

eBay announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

In other news, VP Brian J. Doerger sold 6,660 shares of eBay stock in a transaction on Monday, November 27th. The shares were sold at an average price of $35.99, for a total transaction of $239,693.40. Following the transaction, the vice president now owns 16,732 shares in the company, valued at approximately $602,184.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Raymond J. Pittman sold 31,400 shares of eBay stock in a transaction on Friday, November 17th. The stock was sold at an average price of $35.58, for a total transaction of $1,117,212.00. Following the transaction, the senior vice president now owns 74,334 shares in the company, valued at approximately $2,644,803.72. The disclosure for this sale can be found here. Insiders sold 199,752 shares of company stock worth $8,288,316 in the last 90 days. 6.78% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Independent Franchise Partners LLP boosted its stake in shares of eBay by 17.6% during the 3rd quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock worth $874,151,000 after acquiring an additional 3,406,261 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of eBay by 20.4% during the 3rd quarter. Nordea Investment Management AB now owns 18,407,787 shares of the e-commerce company’s stock worth $707,963,000 after acquiring an additional 3,118,453 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of eBay by 15.9% during the 4th quarter. First Trust Advisors LP now owns 6,361,181 shares of the e-commerce company’s stock worth $240,071,000 after acquiring an additional 872,790 shares during the last quarter. Sanders Capital LLC boosted its stake in shares of eBay by 6.9% during the 4th quarter. Sanders Capital LLC now owns 5,989,000 shares of the e-commerce company’s stock worth $248,814,000 after acquiring an additional 389,100 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of eBay by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 5,304,279 shares of the e-commerce company’s stock valued at $203,988,000 after purchasing an additional 128,728 shares during the period. Institutional investors and hedge funds own 85.84% of the company’s stock.

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eBay Company Profile

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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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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