eBay (EBAY) Scheduled to Post Earnings on Wednesday - MarketBeat

Summary

eBay (NASDAQ:EBAY - Get Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 3rd. Analysts expect the company to announce earnings of $0.90 per share for the quarter. eBay has set its Q2 guidance at $0.87-0.91 EPS and its FY22 guidance at $3.90-4.10 EPS.Individual that are interested in registering for the company's earnings conference call can do so using this link.

eBay (NASDAQ:EBAY - Get Rating) last announced its earnings results on Wednesday, May 4th. The e-commerce company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.14). eBay had a return on equity of 20.91% and a net margin of 113.26%. The firm had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same period in the previous year, the business posted $0.94 earnings per share. The company's revenue for the quarter was down 17.2% on a year-over-year basis. On average, analysts expect eBay to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

eBay (NASDAQ:EBAY - Get Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 3rd. Analysts expect the company to announce earnings of $0.90 per share for the quarter. eBay has set its Q2 guidance at $0.87-0.91 EPS and its FY22 guidance at $3.90-4.10 EPS.Individual that are interested in registering for the company's earnings conference call can do so using this link.

eBay (NASDAQ:EBAY - Get Rating) last announced its earnings results on Wednesday, May 4th. The e-commerce company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.14). eBay had a return on equity of 20.91% and a net margin of 113.26%. The firm had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same period in the previous year, the business posted $0.94 earnings per share. The company's revenue for the quarter was down 17.2% on a year-over-year basis. On average, analysts expect eBay to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

eBay Stock Down 1.9 %

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EBAY stock opened at $45.66 on Wednesday. eBay has a twelve month low of $40.52 and a twelve month high of $81.19. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.93. The stock has a market cap of $25.56 billion, a P/E ratio of 2.68, a PEG ratio of 1.52 and a beta of 1.18. The business's 50-day moving average price is $44.63 and its 200-day moving average price is $51.88.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Wednesday, June 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Tuesday, May 31st. eBay's payout ratio is 5.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EBAY. Wells Fargo & Company dropped their target price on eBay from $65.00 to $58.00 in a report on Friday, May 6th. JPMorgan Chase & Co. reduced their target price on eBay from $54.00 to $46.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 29th. Piper Sandler cut their price objective on eBay from $68.00 to $63.00 in a report on Thursday, May 5th. Benchmark lowered their target price on eBay from $71.00 to $67.00 in a research note on Thursday, May 5th. Finally, Mizuho lowered their target price on eBay from $60.00 to $50.00 in a research note on Friday, May 6th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $61.63.

Insider Buying and Selling

In other eBay news, CAO Brian J. Doerger sold 7,942 shares of the firm's stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $45.16, for a total value of $358,660.72. Following the sale, the chief accounting officer now directly owns 18,562 shares in the company, valued at approximately $838,259.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other eBay news, CAO Brian J. Doerger sold 7,942 shares of the firm's stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $45.16, for a total value of $358,660.72. Following the sale, the chief accounting officer now directly owns 18,562 shares in the company, valued at approximately $838,259.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian J. Doerger sold 3,633 shares of the firm's stock in a transaction on Monday, June 6th. The stock was sold at an average price of $47.95, for a total transaction of $174,202.35. Following the completion of the sale, the chief accounting officer now owns 14,929 shares in the company, valued at $715,845.55. The disclosure for this sale can be found here. Insiders own 0.17% of the company's stock.

Hedge Funds Weigh In On eBay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in shares of eBay by 307.3% in the first quarter. Renaissance Technologies LLC now owns 797,290 shares of the e-commerce company's stock worth $45,653,000 after acquiring an additional 601,522 shares during the last quarter. Prudential Financial Inc. increased its stake in eBay by 28.4% in the first quarter. Prudential Financial Inc. now owns 2,557,330 shares of the e-commerce company's stock valued at $146,433,000 after purchasing an additional 565,378 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of eBay in the first quarter valued at approximately $14,904,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of eBay by 4.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,264,763 shares of the e-commerce company's stock valued at $186,941,000 after buying an additional 130,287 shares during the period. Finally, Eaton Vance Management boosted its holdings in shares of eBay by 31.9% in the first quarter. Eaton Vance Management now owns 513,909 shares of the e-commerce company's stock valued at $29,428,000 after buying an additional 124,186 shares during the period. 88.99% of the stock is currently owned by institutional investors and hedge funds.

About eBay

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. 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, directories, search engines, commerce participants, shopping channels, and networks.

See Also

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eBay (EBAY) Scheduled to Post Earnings on Wednesday - MarketBeat
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