eBay (EBAY) Posts Earnings Results, Beats Estimates By $0.04 EPS
eBay (NASDAQ:EBAY) issued its quarterly earnings results on Tuesday. The e-commerce company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04, RTT News reports. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.58 billion. eBay had a net margin of 23.54% and a return on equity of 27.40%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS.
eBay stock traded up $0.52 during trading hours on Tuesday, reaching $36.67. The stock had a trading volume of 10,903,914 shares, compared to its average volume of 12,502,394. The firm has a market cap of $31.37 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.76 and a beta of 1.35. eBay has a 52 week low of $26.01 and a 52 week high of $42.18. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.22.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Saturday, June 1st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.53%. eBay’s dividend payout ratio (DPR) is presently 24.14%.
In other eBay news, VP Brian J. Doerger sold 10,185 shares of the firm’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $34.30, for a total value of $349,345.50. Following the sale, the vice president now owns 39,544 shares of the company’s stock, valued at approximately $1,356,359.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.22% of the stock is owned by company insiders.
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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