eBay (NASDAQ:EBAY) Updates FY19 Earnings Guidance

eBay (NASDAQ:EBAY) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.70-2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.70. The company issued revenue guidance of $10.75-10.83 billion, compared to the consensus revenue estimate of $10.92 billion.eBay also updated its FY 2019 guidance to $2.70-2.75 EPS.

NASDAQ EBAY traded down $0.89 during trading hours on Wednesday, hitting $39.03. 12,874,007 shares of the company traded hands, compared to its average volume of 10,762,955. The stock has a 50-day simple moving average of $38.82. eBay has a twelve month low of $26.01 and a twelve month high of $41.11. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.48. The stock has a market cap of $35.10 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.06. eBay had a return on equity of 31.26% and a net margin of 24.43%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the firm posted $0.53 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. As a group, research analysts forecast that eBay will post 2.15 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.43%. eBay’s payout ratio is 24.14%.

A number of analysts have recently issued reports on EBAY shares. UBS Group raised 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. BMO Capital Markets raised their price objective on Inflarx to $64.00 and gave the company an outperform rating in a research report on Wednesday, April 24th. Deutsche Bank raised 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. Canaccord Genuity set a C$16.50 price objective on Detour Gold and gave the company a buy rating in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. cut their price objective on Teck Resources from C$56.00 to C$55.00 in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $39.96.

In other eBay news, CEO Devin Wenig sold 10,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $39.75, for a total transaction of $397,500.00. Following the transaction, the chief executive officer now owns 1,039,610 shares in the company, valued at approximately $41,324,497.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Stephen Fisher sold 20,587 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $3,108,290.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,199 shares of company stock valued at $7,176,017. 5.60% of the stock is currently owned by insiders.

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.

See Also: What is the Quick Ratio?

Earnings History and Estimates for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.