Etsy (ETSY) Projected to Post Earnings on Wednesday

Etsy (NASDAQ:ETSY - Get Free Report) is expected to be posting its Q4 24 quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Etsy to post earnings of $0.95 per share and revenue of $861.37 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Etsy (NASDAQ:ETSY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The business had revenue of $852.16 million during the quarter, compared to analysts' expectations of $861.37 million. Etsy had a negative return on equity of 46.79% and a net margin of 9.17%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. On average, analysts expect Etsy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Etsy Stock Performance

Shares of NASDAQ ETSY traded down $0.13 during trading hours on Thursday, hitting $51.40. The stock had a trading volume of 5,380,012 shares, compared to its average volume of 3,324,373. The company has a market capitalization of $5.78 billion, a P/E ratio of 26.22, a P/E/G ratio of 2.83 and a beta of 2.00. The firm's 50-day moving average price is $54.73 and its two-hundred day moving average price is $53.83. Etsy has a 52 week low of $47.10 and a 52 week high of $78.65.

Etsy announced that its Board of Directors has initiated a share repurchase program on Wednesday, October 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 17.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ETSY shares. Morgan Stanley decreased their target price on Etsy from $45.00 to $44.00 and set an "underweight" rating for the company in a research report on Thursday. Truist Financial cut their price target on Etsy from $70.00 to $67.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company upped their price target on Etsy from $44.00 to $47.00 and gave the stock an "underweight" rating in a report on Thursday. Canaccord Genuity Group cut their price target on Etsy from $105.00 to $76.00 and set a "buy" rating for the company in a report on Thursday. Finally, Jefferies Financial Group upgraded Etsy from an "underperform" rating to a "hold" rating and upped their price target for the stock from $45.00 to $55.00 in a report on Monday, January 13th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $60.08.

Insider Activity at Etsy

In other news, insider Nicholas Daniel sold 1,500 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $55.34, for a total transaction of $83,010.00. Following the sale, the insider now owns 22,198 shares of the company's stock, valued at $1,228,437.32. This trade represents a 6.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is owned by company insiders.

About Etsy

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.