Analysts Expect Etsy Inc (ETSY) Will Announce Earnings of $0.13 Per Share
Wall Street analysts predict that Etsy Inc (NASDAQ:ETSY) will post earnings per share (EPS) of $0.13 for the current quarter, according to Zacks. Seven analysts have issued estimates for Etsy’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.17. Etsy reported earnings of $0.10 per share in the same quarter last year, which would indicate a positive year over year growth rate of 30%. The company is scheduled to announce its next earnings results on Tuesday, May 14th.
On average, analysts expect that Etsy will report full-year earnings of $0.70 per share for the current financial year, with EPS estimates ranging from $0.59 to $0.86. For the next fiscal year, analysts expect that the company will report earnings of $1.09 per share, with EPS estimates ranging from $0.95 to $1.31. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Etsy.
Etsy (NASDAQ:ETSY) last issued its earnings results on Monday, February 25th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.06. The firm had revenue of $200.00 million for the quarter, compared to the consensus estimate of $194.77 million. Etsy had a net margin of 12.84% and a return on equity of 20.00%. The business’s revenue was up 46.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share.
Shares of NASDAQ ETSY traded down $0.02 during midday trading on Friday, hitting $69.89. The stock had a trading volume of 5,159,878 shares, compared to its average volume of 3,348,930. The company has a market cap of $8.36 billion, a PE ratio of 114.57, a P/E/G ratio of 7.58 and a beta of 1.04. Etsy has a 52 week low of $26.54 and a 52 week high of $73.35. The company has a debt-to-equity ratio of 0.84, a quick ratio of 6.07 and a current ratio of 6.07.
In other Etsy news, Director Jonathan D. Klein sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $70.83, for a total transaction of $2,124,900.00. Following the completion of the sale, the director now directly owns 109,265 shares of the company’s stock, valued at $7,739,239.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Jill Simeone sold 11,572 shares of the company’s stock in a transaction that occurred on Friday, January 4th. The shares were sold at an average price of $50.00, for a total transaction of $578,600.00. Following the sale, the general counsel now directly owns 2,859 shares of the company’s stock, valued at $142,950. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,050 shares of company stock valued at $8,048,323. 2.80% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its holdings in Etsy by 13.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,680 shares of the specialty retailer’s stock valued at $80,000 after buying an additional 200 shares during the last quarter. Suntrust Banks Inc. increased its holdings in Etsy by 5.2% during the fourth quarter. Suntrust Banks Inc. now owns 4,654 shares of the specialty retailer’s stock valued at $221,000 after buying an additional 230 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Etsy by 13.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,260 shares of the specialty retailer’s stock valued at $108,000 after buying an additional 268 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Etsy by 8.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,103 shares of the specialty retailer’s stock valued at $338,000 after buying an additional 531 shares during the last quarter. Finally, Cornerstone Advisors Inc. purchased a new stake in Etsy during the third quarter valued at approximately $29,000. 93.22% of the stock is owned by institutional investors and hedge funds.
Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.
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