eBay Inc. (NASDAQ:EBAY) Expected to Post Quarterly Sales of $3.01 Billion

Equities analysts expect eBay Inc. (NASDAQ:EBAY) to report $3.01 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for eBay’s earnings. The highest sales estimate is $3.03 billion and the lowest is $2.99 billion. eBay posted sales of $2.87 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.9%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, August 11th.

According to Zacks, analysts expect that eBay will report full year sales of $12.01 billion for the current fiscal year, with estimates ranging from $11.76 billion to $12.19 billion. For the next fiscal year, analysts expect that the business will report sales of $12.94 billion, with estimates ranging from $12.76 billion to $13.28 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover eBay.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, April 28th. The e-commerce company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.02. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.97 billion. eBay had a net margin of 25.49% and a return on equity of 71.14%. eBay’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS.

A number of analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of eBay in a research note on Wednesday, March 31st. They issued an “outperform” rating and a $77.00 target price for the company. Evercore ISI reiterated an “in-line” rating and set a $65.00 price target on shares of eBay in a research note on Tuesday, April 6th. Barclays decreased their price target on shares of eBay from $84.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, April 29th. Wedbush restated a “neutral” rating on shares of eBay in a research note on Wednesday, May 5th. Finally, BMO Capital Markets reduced their target price on shares of eBay from $67.00 to $63.00 and set a “market perform” rating on the stock in a research note on Monday, May 3rd. Fourteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $68.96.

Shares of EBAY traded up $2.22 during mid-day trading on Friday, hitting $72.08. The company’s stock had a trading volume of 732,380 shares, compared to its average volume of 5,638,388. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $49.11 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15. The company has a 50-day moving average of $65.50. eBay has a fifty-two week low of $45.36 and a fifty-two week high of $70.76.

The company also recently announced a quarterly dividend, which was paid on Friday, June 18th. Stockholders of record on Tuesday, June 1st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, May 28th. eBay’s dividend payout ratio is currently 24.57%.

In other eBay news, SVP Pete Thompson sold 856 shares of eBay stock in a transaction on Thursday, June 17th. The stock was sold at an average price of $65.67, for a total value of $56,213.52. Following the completion of the sale, the senior vice president now owns 45,805 shares of the company’s stock, valued at approximately $3,008,014.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.02% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Cigna Investments Inc. New increased its stake in eBay by 0.8% during the first quarter. Cigna Investments Inc. New now owns 23,298 shares of the e-commerce company’s stock worth $1,426,000 after acquiring an additional 194 shares during the last quarter. Choate Investment Advisors increased its position in shares of eBay by 1.5% during the first quarter. Choate Investment Advisors now owns 13,600 shares of the e-commerce company’s stock worth $833,000 after purchasing an additional 197 shares in the last quarter. Hodges Capital Management Inc. increased its position in shares of eBay by 4.0% during the second quarter. Hodges Capital Management Inc. now owns 5,200 shares of the e-commerce company’s stock worth $365,000 after purchasing an additional 200 shares in the last quarter. WD Rutherford LLC increased its position in shares of eBay by 5.1% during the second quarter. WD Rutherford LLC now owns 4,404 shares of the e-commerce company’s stock worth $309,000 after purchasing an additional 215 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of eBay by 0.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 52,334 shares of the e-commerce company’s stock worth $3,205,000 after purchasing an additional 221 shares in the last quarter. Institutional investors own 86.63% of the company’s stock.

About eBay

eBay Inc operates marketplace platforms that connect buyers and sellers worldwide. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks.

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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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