Jefferies Financial Group Comments on eBay Inc’s FY2020 Earnings (NASDAQ:EBAY)

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eBay Inc (NASDAQ:EBAY) – Jefferies Financial Group lifted their FY2020 EPS estimates for eBay in a research report issued to clients and investors on Wednesday, January 29th. Jefferies Financial Group analyst B. Thill now anticipates that the e-commerce company will earn $2.47 per share for the year, up from their previous estimate of $2.33. Jefferies Financial Group has a “Sell” rating and a $31.00 price objective on the stock.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Tuesday, January 28th. The e-commerce company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.05. eBay had a return on equity of 50.71% and a net margin of 16.54%. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. eBay’s revenue for the quarter was down 1.9% on a year-over-year basis.

Several other brokerages also recently commented on EBAY. Credit Suisse Group set a $48.00 price objective on eBay and gave the company a “buy” rating in a research report on Friday, October 11th. Bank of America lowered their price objective on eBay from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Susquehanna Bancshares restated a “buy” rating and issued a $44.00 price objective on shares of eBay in a research report on Tuesday, January 28th. Benchmark lowered their price objective on eBay from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets lowered their price objective on eBay from $46.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company. eBay has an average rating of “Hold” and a consensus price target of $40.86.

Shares of eBay stock opened at $33.56 on Monday. The stock’s 50-day simple moving average is $35.66 and its 200-day simple moving average is $37.64. eBay has a 52 week low of $32.77 and a 52 week high of $42.00. The company has a market capitalization of $27.30 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.45 and a beta of 1.36. The company has a quick ratio of 1.41, a current ratio of 1.16 and a debt-to-equity ratio of 2.52.

eBay announced that its Board of Directors has authorized a stock buyback program on Tuesday, January 28th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to purchase up to 17.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 2nd will be given a $0.16 dividend. This is an increase from eBay’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, February 28th. eBay’s payout ratio is currently 24.14%.

In related news, SVP Wendy Elizabeth Jones sold 7,878 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $35.73, for a total value of $281,480.94. Following the sale, the senior vice president now directly owns 39,000 shares in the company, valued at $1,393,470. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.22% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of EBAY. CNB Bank increased its stake in eBay by 982.8% during the third quarter. CNB Bank now owns 4,331 shares of the e-commerce company’s stock worth $169,000 after acquiring an additional 3,931 shares during the last quarter. Nomura Holdings Inc. increased its stake in eBay by 97.0% during the third quarter. Nomura Holdings Inc. now owns 35,204 shares of the e-commerce company’s stock worth $1,357,000 after acquiring an additional 17,332 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in eBay by 8.6% during the third quarter. Commonwealth Equity Services LLC now owns 72,548 shares of the e-commerce company’s stock worth $2,827,000 after acquiring an additional 5,769 shares during the last quarter. Managed Asset Portfolios LLC increased its stake in eBay by 3.7% during the third quarter. Managed Asset Portfolios LLC now owns 417,877 shares of the e-commerce company’s stock worth $16,289,000 after acquiring an additional 14,988 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in eBay by 9.6% during the third quarter. Foundations Investment Advisors LLC now owns 5,594 shares of the e-commerce company’s stock worth $212,000 after acquiring an additional 492 shares during the last quarter. Institutional investors own 86.66% 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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