eBay (EBAY) Set to Announce Quarterly Earnings on Wednesday

eBay (NASDAQ:EBAY) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $1.13 per share for the quarter. eBay has set its Q2 guidance at $1.10-1.15 EPS and its Q2 2024 guidance at 1.100-1.150 EPS.Parties interested in registering for the company’s conference call can do so using this link.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.11%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts expect eBay to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

eBay Stock Performance

EBAY stock traded up $0.54 during midday trading on Tuesday, reaching $55.15. 384,641 shares of the company’s stock traded hands, compared to its average volume of 5,692,859. The company has a 50-day moving average price of $53.50 and a two-hundred day moving average price of $49.89. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. eBay has a 52 week low of $37.17 and a 52 week high of $55.69. The firm has a market capitalization of $27.69 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 2.49 and a beta of 1.31.

Insider Buying and Selling

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the sale, the senior vice president now directly owns 177,391 shares in the company, valued at $8,803,915.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the sale, the senior vice president now directly owns 177,391 shares in the company, valued at $8,803,915.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Julie A. Loeger sold 7,419 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,558 shares of company stock worth $3,001,254. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of eBay from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. StockNews.com upgraded shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Jefferies Financial Group boosted their price target on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Morgan Stanley boosted their price target on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Robert W. Baird boosted their price target on shares of eBay from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.94.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.