eBay Inc (NASDAQ:EBAY) Expected to Post Quarterly Sales of $2.67 Billion

Wall Street brokerages forecast that eBay Inc (NASDAQ:EBAY) will report $2.67 billion in sales for the current quarter, Zacks reports. Twelve analysts have provided estimates for eBay’s earnings, with the lowest sales estimate coming in at $2.66 billion and the highest estimate coming in at $2.70 billion. eBay reported sales of $2.64 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 1.1%. The business is expected to issue its next earnings report after the market closes 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 year, analysts forecast that the firm will post sales of $11.62 billion, with estimates ranging from $11.22 billion to $12.91 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover eBay.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share for the quarter, topping the 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 company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis.

Several equities research analysts recently weighed in on the company. Morgan Stanley lifted their price objective on Canadian Pacific Railway from C$272.00 to C$277.00 in a report on Wednesday, April 24th. JPMorgan Chase & Co. dropped their price target on Teck Resources from C$56.00 to C$55.00 in a research report on Wednesday, April 24th. BidaskClub downgraded Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank boosted their price objective on Texas Instruments from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Finally, UBS Group boosted their price objective on W. R. Berkley from $53.00 to $56.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.98.

EBAY traded up $0.46 during trading hours on Friday, hitting $40.06. The stock had a trading volume of 5,188,454 shares, compared to its average volume of 7,591,579. The firm’s fifty day simple moving average is $38.45. eBay has a 1 year low of $26.01 and a 1 year high of $40.55. The stock has a market capitalization of $34.91 billion, a PE ratio of 17.27, a PEG ratio of 1.95 and a beta of 1.35. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.48 and a current ratio of 1.48.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Saturday, June 1st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, May 30th. eBay’s payout ratio is currently 24.14%.

In other eBay news, SVP Stephen Fisher sold 20,587 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $38.23, for a total value of $787,041.01. Following the transaction, the senior vice president now owns 81,305 shares of the company’s stock, valued at $3,108,290.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Scott F. Schenkel sold 89,707 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $38.50, for a total value of $3,453,719.50. Following the completion of the transaction, the chief financial officer now directly owns 273,283 shares in the company, valued at approximately $10,521,395.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 187,199 shares of company stock worth $7,176,017. Corporate insiders own 6.22% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Riverview Trust Co bought a new position in eBay in the first quarter valued at about $25,000. Cable Hill Partners LLC increased its position in eBay by 64.6% in the first quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock worth $28,000 after buying an additional 295 shares in the last quarter. Paragon Capital Management LLC purchased a new stake in eBay in the first quarter worth about $28,000. Icon Wealth Partners LLC purchased a new stake in eBay in the first quarter worth about $32,000. Finally, Brand Asset Management Group Inc. increased its position in eBay by 69.6% in the first quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock worth $32,000 after buying an additional 355 shares in the last quarter. 86.28% of the stock is currently owned by institutional investors.

eBay Company Profile

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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