eBay Inc. (NASDAQ:EBAY) to Post FY2022 Earnings of $3.35 Per Share, Jefferies Financial Group Forecasts


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eBay Inc. (NASDAQ:EBAY) – Analysts at Jefferies Financial Group issued their FY2022 earnings estimates for eBay in a research note issued to investors on Monday, January 11th. Jefferies Financial Group analyst B. Thill forecasts that the e-commerce company will earn $3.35 per share for the year.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 28th. The e-commerce company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.13. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.48 billion. eBay had a return on equity of 82.73% and a net margin of 50.42%. During the same quarter last year, the company earned $0.67 earnings per share.

Several other equities analysts also recently commented on EBAY. BidaskClub upgraded shares of eBay from a “sell” rating to a “hold” rating in a research note on Thursday, December 17th. Wedbush reaffirmed a “buy” rating on shares of eBay in a report on Friday, September 18th. Mizuho lifted their price target on shares of eBay from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, October 9th. Piper Sandler increased their price target on eBay from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Finally, Bank of America upped their target price on eBay from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $60.64.

EBAY opened at $55.71 on Wednesday. The stock has a fifty day moving average of $51.33 and a 200-day moving average of $52.99. The company has a market capitalization of $38.40 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.33 and a beta of 1.26. eBay has a fifty-two week low of $26.02 and a fifty-two week high of $61.06. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.75 and a current ratio of 1.75.

A number of institutional investors have recently added to or reduced their stakes in EBAY. Gradient Investments LLC boosted its stake in shares of eBay by 70.7% in the 3rd quarter. Gradient Investments LLC now owns 512 shares of the e-commerce company’s stock valued at $27,000 after purchasing an additional 212 shares during the last quarter. Nachman Norwood & Parrott Inc acquired a new stake in eBay during the 3rd quarter worth about $27,000. Adams Wealth Management acquired a new stake in eBay during the third quarter worth approximately $27,000. Clear Harbor Asset Management LLC bought a new stake in eBay in the third quarter worth approximately $36,000. Finally, Global Retirement Partners LLC lifted its stake in eBay by 392.7% in the third quarter. Global Retirement Partners LLC now owns 739 shares of the e-commerce company’s stock valued at $39,000 after buying an additional 589 shares during the period. Hedge funds and other institutional investors own 85.31% of the company’s stock.

In other eBay news, SVP Pete Thompson sold 853 shares of the company’s stock in a transaction dated Thursday, December 17th. The stock was sold at an average price of $53.63, for a total value of $45,746.39. Following the sale, the senior vice president now owns 14,801 shares in the company, valued at approximately $793,777.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian J. Doerger sold 4,670 shares of the stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $50.78, for a total value of $237,142.60. Following the completion of the sale, the chief accounting officer now directly owns 24,192 shares of the company’s stock, valued at approximately $1,228,469.76. The disclosure for this sale can be found here. In the last three months, insiders sold 13,052 shares of company stock worth $654,339. 5.02% of the stock is currently owned by insiders.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 18th. Stockholders of record on Tuesday, December 1st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.15%. eBay’s dividend payout ratio (DPR) is presently 27.59%.

About eBay

eBay Inc operates the marketplace and classifieds platforms that connect buyers and sellers worldwide. Its Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps; and Classifieds platform comprises a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others that offer online classifieds to help people find what they are looking for in their local communities.

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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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