eBay Inc. (NASDAQ:EBAY) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. eBay has set its Q3 guidance at $0.42-0.44 EPS and its FY16 guidance at $1.85-1.90 EPS.
eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. eBay had a net margin of 22.00% and a return on equity of 29.12%. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. eBay’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts expect eBay to post $1.59 EPS for the current fiscal year and $1.77 EPS for the next fiscal year.
eBay Inc. (NASDAQ:EBAY) opened at 31.89 on Monday. The firm has a 50-day moving average of $31.99 and a 200-day moving average of $27.43. The firm has a market cap of $36.00 billion, a PE ratio of 19.60 and a beta of 1.17. eBay Inc. has a 52-week low of $21.52 and a 52-week high of $33.19.
Several research firms have issued reports on EBAY. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $25.00 price objective on shares of eBay in a research report on Saturday. Goldman Sachs Group Inc. set a $34.00 price target on eBay and gave the company a “buy” rating in a research report on Friday. Wedbush restated a “neutral” rating and issued a $34.00 price target (up previously from $29.00) on shares of eBay in a research report on Thursday. Deutsche Bank AG restated a “buy” rating and issued a $40.00 price target on shares of eBay in a research report on Wednesday, October 12th. Finally, Sanford C. Bernstein set a $41.00 price target on eBay and gave the company a “buy” rating in a research report on Wednesday, October 12th. Three analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. eBay has an average rating of “Hold” and an average price target of $33.66.
In other news, SVP Kristin A. Yetto sold 17,596 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $30.79, for a total value of $541,780.84. Following the completion of the sale, the senior vice president now owns 19,346 shares in the company, valued at $595,663.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jae Hyun Lee sold 3,222 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $31.53, for a total value of $101,589.66. Following the completion of the sale, the senior vice president now owns 107,154 shares of the company’s stock, valued at approximately $3,378,565.62. The disclosure for this sale can be found here. 7.40% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of eBay by 15.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 648,700 shares of the e-commerce company’s stock worth $15,186,000 after buying an additional 86,200 shares during the period. WealthTrust Fairport LLC bought a new stake in shares of eBay during the second quarter worth about $3,010,000. AHL Partners LLP raised its stake in shares of eBay by 118.5% in the second quarter. AHL Partners LLP now owns 116,895 shares of the e-commerce company’s stock worth $2,737,000 after buying an additional 63,393 shares during the period. Highbridge Capital Management LLC bought a new stake in shares of eBay during the second quarter worth about $42,159,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of eBay during the second quarter worth about $478,000. Institutional investors and hedge funds own 82.07% of the company’s stock.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.
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