eBay (EBAY) Set to Announce Earnings on Wednesday

eBay (NASDAQ:EBAY) is scheduled to post its quarterly 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 interested in listening to the company’s conference call can do so using this link.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. eBay had a return on equity of 29.16% and a net margin of 27.36%. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. eBay’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts expect eBay to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

eBay Price Performance

eBay stock opened at $52.75 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.44 and a current ratio of 2.44. eBay has a one year low of $37.17 and a one year high of $52.93. The company has a market cap of $27.32 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. The business has a fifty day moving average of $50.29 and a two-hundred day moving average of $44.63.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.08 dividend on an annualized basis and a yield of 2.05%. This is an increase from eBay’s previous quarterly dividend of $0.25. eBay’s payout ratio is currently 20.69%.

eBay announced that its board has authorized a share repurchase program on Tuesday, February 27th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at eBay

In related news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were 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 $1,372,140.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on EBAY shares. BMO Capital Markets upped their target price on eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. Mizuho raised their target price on shares of eBay from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group assumed coverage on shares of eBay in a research report on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price target on the stock. Finally, Piper Sandler raised their price objective on shares of eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus target price of $49.17.

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.