eBay (EBAY) to Release Quarterly Earnings on Wednesday

eBay (NASDAQ:EBAY) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.20 per share for the quarter. eBay has set its Q1 guidance at $1.19-$1.23 EPS and its Q1 2024 guidance at 1.190-1.230 EPS.Investors that wish to register for the company’s conference call can do so using this link.

eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.03 by $0.04. eBay had a return on equity of 29.16% and a net margin of 27.36%. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the business posted $0.87 earnings per share. eBay’s revenue was up 3.6% 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 Trading Up 1.3 %

Shares of NASDAQ EBAY opened at $52.02 on Monday. eBay has a 12 month low of $37.17 and a 12 month high of $52.93. The company has a market cap of $26.95 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 2.07 and a beta of 1.33. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $50.11 and a 200-day simple moving average of $44.56.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.08%. This is an increase from eBay’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 8th. eBay’s dividend payout ratio is currently 20.69%.

eBay announced that its Board of Directors has initiated a stock repurchase program on Tuesday, February 27th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the e-commerce company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on eBay in a research note on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price objective for the company. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Company lifted their price target on eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Morgan Stanley upgraded eBay from an “underweight” rating to an “overweight” rating in a report on Thursday, April 18th. Finally, Piper Sandler lifted their target price on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.17.

Insider Buying and Selling

In related news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the transaction, the senior vice president now owns 31,888 shares of the company’s stock, valued at approximately $1,372,140.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by insiders.

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.