Brokerages Expect eBay Inc (EBAY) Will Post Quarterly Sales of $2.67 Billion

Analysts expect eBay Inc (NASDAQ:EBAY) to announce $2.67 billion in sales for the current quarter, Zacks Investment Research reports. Twelve analysts have made estimates for eBay’s earnings. The highest sales estimate is $2.70 billion and the lowest is $2.66 billion. eBay reported sales of $2.64 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, July 17th.

According to Zacks, analysts expect that eBay will report full-year sales of $10.93 billion for the current fiscal year, with estimates ranging from $10.88 billion to $11.14 billion. For the next financial year, analysts anticipate that the firm will report sales of $11.62 billion, with estimates ranging from $11.22 billion to $12.91 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover eBay.

eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.04. eBay had a return on equity of 31.26% and a net margin of 24.43%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the business earned $0.53 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis.

Several equities analysts have recently issued reports on EBAY shares. UBS Group boosted their price objective on eBay from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Susquehanna Bancshares upped their price target on eBay from $33.00 to $43.00 and gave the stock a “positive” rating in a report on Wednesday, January 30th. Stifel Nicolaus upped their price target on eBay from $39.00 to $41.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. ValuEngine cut eBay from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, Benchmark reaffirmed a “buy” rating and issued a $42.00 price target on shares of eBay in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $39.98.

Shares of EBAY stock traded up $0.18 on Tuesday, hitting $36.13. The company had a trading volume of 5,298,709 shares, compared to its average volume of 11,653,190. The stock has a market cap of $31.49 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.48. eBay has a twelve month low of $26.01 and a twelve month high of $40.86.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Saturday, June 1st will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.56 annualized dividend and a yield of 1.55%. eBay’s dividend payout ratio (DPR) is currently 24.14%.

In other news, CFO Scott F. Schenkel sold 89,707 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $38.50, for a total value of $3,453,719.50. Following the completion of the sale, the chief financial officer now directly owns 273,283 shares in the company, valued at $10,521,395.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kristin A. Yetto sold 25,156 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $37.41, for a total value of $941,085.96. Following the completion of the sale, the senior vice president now owns 74,547 shares of the company’s stock, valued at $2,788,803.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 177,199 shares of company stock valued at $6,778,517. 6.22% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Baupost Group LLC MA acquired a new position in eBay during the fourth quarter worth $589,470,000. Norges Bank acquired a new position in eBay during the fourth quarter worth $244,327,000. M&T Bank Corp raised its stake in shares of eBay by 5,046.2% in the fourth quarter. M&T Bank Corp now owns 7,322,802 shares of the e-commerce company’s stock valued at $205,550,000 after acquiring an additional 7,180,506 shares in the last quarter. FMR LLC raised its stake in shares of eBay by 89.2% in the first quarter. FMR LLC now owns 15,082,085 shares of the e-commerce company’s stock valued at $560,148,000 after acquiring an additional 7,108,999 shares in the last quarter. Finally, Boston Partners raised its stake in shares of eBay by 73.8% in the first quarter. Boston Partners now owns 16,515,786 shares of the e-commerce company’s stock valued at $613,397,000 after acquiring an additional 7,015,365 shares in the last quarter. Institutional investors and hedge funds own 85.50% of the company’s stock.

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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