eBay (NASDAQ:EBAY) Issues Q3 Earnings Guidance

eBay (NASDAQ:EBAY) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.15-1.20 for the period, compared to the consensus estimate of $1.13. The company issued revenue guidance of $2.50-2.56 billion, compared to the consensus revenue estimate of $2.54 billion.

eBay Stock Up 0.4 %

NASDAQ:EBAY traded up $0.21 on Wednesday, hitting $55.61. 7,599,517 shares of the company’s stock were exchanged, compared to its average volume of 5,732,810. The company has a market cap of $27.92 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 2.51 and a beta of 1.31. The firm has a 50-day moving average price of $53.56 and a 200-day moving average price of $49.99. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. eBay has a 52 week low of $37.17 and a 52 week high of $55.86.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the company earned $0.87 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. As a group, analysts expect that eBay will post 3.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of eBay from $55.00 to $58.00 and gave the stock a buy rating in a research report on Wednesday, April 10th. Wells Fargo & Company raised their target price on shares of eBay from $47.00 to $57.00 and gave the company an equal weight rating in a research note on Tuesday, June 25th. Wolfe Research began coverage on eBay in a research note on Tuesday, July 16th. They issued a peer perform rating on the stock. StockNews.com upgraded eBay from a buy rating to a strong-buy rating in a research note on Thursday, June 27th. Finally, Mizuho increased their price target on eBay from $44.00 to $49.00 and gave the company a neutral rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, eBay currently has an average rating of Hold and an average target price of $53.94.

Insider Activity

In other news, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at approximately $220,324.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Marie Oh Huber sold 49,070 shares of the firm’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 transaction, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rebecca Spencer sold 2,083 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at $220,324.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,558 shares of company stock worth $3,001,254. Corporate insiders own 0.38% of the company’s stock.

eBay Company Profile

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.