Piper Sandler Research Analysts Lift Earnings Estimates for eBay Inc (NASDAQ:EBAY)

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eBay Inc (NASDAQ:EBAY) – Analysts at Piper Sandler boosted their Q1 2020 earnings estimates for shares of eBay in a report issued on Wednesday, January 29th. Piper Sandler analyst M. Olson now expects that the e-commerce company will earn $0.56 per share for the quarter, up from their previous estimate of $0.52. Piper Sandler currently has a “Neutral” rating and a $35.00 target price on the stock. Piper Sandler also issued estimates for eBay’s Q2 2020 earnings at $0.57 EPS, Q4 2020 earnings at $0.64 EPS, FY2020 earnings at $2.33 EPS and FY2021 earnings at $2.64 EPS.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Tuesday, January 28th. The e-commerce company reported $0.81 earnings per share for the quarter, beating the 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 period in the prior year, the company earned $0.71 earnings per share. eBay’s revenue was down 1.9% compared to the same quarter last year.

Several other equities analysts have also weighed in on the company. Cowen reissued a “hold” rating and set a $37.00 price objective on shares of eBay in a report on Monday, January 27th. Benchmark cut their price target on eBay from $50.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $44.00 price target on shares of eBay in a report on Tuesday, January 28th. Deutsche Bank reaffirmed a “neutral” rating and issued a $42.00 price target on shares of eBay in a report on Tuesday, October 22nd. Finally, Mizuho cut their price target on eBay from $37.00 to $33.00 in a report on Thursday, October 24th. Five 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.86.

Shares of NASDAQ EBAY opened at $33.56 on Monday. The stock has a fifty day simple moving average of $35.66 and a two-hundred day simple moving average of $37.64. eBay has a 1-year low of $32.77 and a 1-year high of $42.00. The firm has a market cap of $27.30 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.45 and a beta of 1.36. The company has a current ratio of 1.16, a quick ratio of 1.41 and a debt-to-equity ratio of 2.52.

eBay declared that its Board of Directors has authorized a share repurchase program on Tuesday, January 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the e-commerce company to repurchase up to 17.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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

In other eBay news, SVP Wendy Elizabeth Jones sold 7,878 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $35.73, for a total transaction of $281,480.94. Following the sale, the senior vice president now 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 at the SEC website. Company insiders own 6.22% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC bought a new stake in shares of eBay in the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC purchased a new position in eBay in the 3rd quarter worth approximately $26,000. Equitec Specialists LLC purchased a new position in eBay in the 4th quarter worth approximately $34,000. Hussman Strategic Advisors Inc. purchased a new position in eBay in the 3rd quarter worth approximately $39,000. Finally, North Star Investment Management Corp. purchased a new position in eBay in the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds 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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