eBay (EBAY) to Release Earnings on Wednesday

eBay (NASDAQ:EBAY - Get Free Report) will announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.18 per share for the quarter. eBay has set its Q3 guidance at $1.15-1.20 EPS and its Q3 2024 guidance at 1.150-1.200 EPS.Persons interested in registering for the company's earnings conference call can do so using this link.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts' consensus estimates of $0.88. The company had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. 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 $0.79 during trading on Wednesday, reaching $64.11. The company had a trading volume of 753,446 shares, compared to its average volume of 5,431,785. The firm has a 50-day simple moving average of $62.25 and a 200-day simple moving average of $56.22. The company has a market cap of $32.18 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a twelve month low of $37.17 and a twelve month high of $67.80.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Friday, August 30th. eBay's dividend payout ratio (DPR) is presently 21.51%.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 3,974 shares of the business's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares of the company's stock, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Stephen J. Priest sold 25,000 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares of the company's stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the business's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares of the company's stock, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on EBAY. Citigroup lifted their target price on shares of eBay from $64.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Wolfe Research began coverage on shares of eBay in a research report on Tuesday, July 16th. They set a "peer perform" rating for the company. Jefferies Financial Group raised their price target on shares of eBay from $58.00 to $65.00 and gave the stock a "hold" rating in a research report on Tuesday. Robert W. Baird raised their price target on shares of eBay from $62.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, October 11th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $62.00 price target on shares of eBay in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, eBay has a consensus rating of "Hold" and a consensus target price of $60.19.

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.