Etsy (ETSY) to Release Earnings on Wednesday

Etsy (NASDAQ:ETSY) will be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Etsy to post earnings of $0.47 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Etsy had a negative return on equity of 67.27% and a net margin of 10.75%. The firm had revenue of $646.00 million for the quarter, compared to analyst estimates of $646.30 million. During the same period last year, the company earned $0.53 EPS. The company’s revenue was up .8% compared to the same quarter last year. On average, analysts expect Etsy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Etsy Stock Up 2.6 %

NASDAQ ETSY opened at $63.87 on Tuesday. Etsy has a 12-month low of $55.08 and a 12-month high of $102.81. The firm’s 50 day moving average is $61.09 and its 200-day moving average is $66.15. The company has a market capitalization of $7.47 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 5.09 and a beta of 2.02.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ETSY shares. BTIG Research cut their price objective on Etsy from $87.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Wolfe Research began coverage on shares of Etsy in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Wells Fargo & Company dropped their price target on shares of Etsy from $58.00 to $56.00 and set an “underweight” rating for the company in a research report on Tuesday, June 25th. B. Riley reduced their price objective on shares of Etsy from $91.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Barclays reduced their target price on Etsy from $67.00 to $60.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $78.75.

Insider Buying and Selling at Etsy

In other news, insider Toni Thompson Nadal sold 1,444 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $65.68, for a total value of $94,841.92. Following the transaction, the insider now owns 592 shares in the company, valued at approximately $38,882.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.60% of the company’s stock.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.