eBay (NASDAQ:EBAY) Issues Q3 2019 Earnings Guidance

eBay (NASDAQ:EBAY) issued an update on its third quarter 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.62-0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.63. The company issued revenue guidance of $2.61-2.66 billion, compared to the consensus revenue estimate of $2.68 billion.eBay also updated its FY 2019 guidance to $2.70-2.75 EPS.

Shares of EBAY traded down $0.89 during midday trading on Wednesday, reaching $39.03. 12,874,007 shares of the stock were exchanged, compared to its average volume of 10,762,955. The firm has a 50-day simple moving average of $38.82. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.48 and a quick ratio of 1.48. eBay has a twelve month low of $26.01 and a twelve month high of $41.11. The stock has a market cap of $35.10 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, April 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.04. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.58 billion. eBay had a return on equity of 31.26% and a net margin of 24.43%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. As a group, equities research analysts expect that eBay will post 2.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 3rd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.43%. eBay’s dividend payout ratio (DPR) is presently 24.14%.

EBAY has been the topic of several recent research reports. ValuEngine cut Zumiez from a hold rating to a sell rating in a research report on Thursday, March 21st. UBS Group boosted their price target on W. R. Berkley from $53.00 to $56.00 and gave the company a sell rating in a research report on Wednesday, April 24th. SunTrust Banks boosted their price target on Brown & Brown to $40.00 and gave the company a buy rating in a research report on Tuesday. BMO Capital Markets boosted their price target on Inflarx to $64.00 and gave the company an outperform rating in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. dropped their price target on Teck Resources from C$56.00 to C$55.00 in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the stock. eBay presently has a consensus rating of Hold and a consensus target price of $39.96.

In other news, VP Brian J. Doerger sold 14,237 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $38.06, for a total transaction of $541,860.22. Following the sale, the vice president now owns 37,340 shares of the company’s stock, valued at approximately $1,421,160.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Devin Wenig sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $39.75, for a total value of $397,500.00. Following the sale, the chief executive officer now directly owns 1,039,610 shares in the company, valued at approximately $41,324,497.50. The disclosure for this sale can be found here. Insiders sold a total of 187,199 shares of company stock worth $7,176,017 in the last ninety days. 5.60% of the stock is owned by corporate insiders.

eBay Company Profile

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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