eBay (NASDAQ:EBAY) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.61-$0.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.60. The company issued revenue guidance of $2.64-$2.69 billion, compared to the consensus revenue estimate of $2.65 billion.eBay also updated its FY 2019 guidance to $2.64-2.70 EPS.

NASDAQ:EBAY traded up $0.52 on Tuesday, hitting $36.67. The stock had a trading volume of 10,903,914 shares, compared to its average volume of 12,502,394. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market cap of $31.37 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.76 and a beta of 1.35. eBay has a 1 year low of $26.01 and a 1 year high of $42.18.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Tuesday, April 23rd. The e-commerce company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.04. The firm had revenue of $2.64 billion during 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 company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. As a group, sell-side analysts forecast 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 Thursday, June 20th. Stockholders of record on Saturday, June 1st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.53%. eBay’s payout ratio is currently 24.14%.

EBAY has been the subject of several research analyst reports. Imperial Capital decreased their price target on shares of eBay from $64.00 to $56.00 in a research note on Thursday, January 31st. TheStreet upgraded shares of eBay from a c+ rating to a b- rating in a research note on Wednesday, January 30th. Citigroup decreased their price target on shares of eBay from $42.00 to $41.00 and set a buy rating for the company in a research note on Wednesday, January 30th. Benchmark restated a buy rating and set a $42.00 price target (up previously from $41.00) on shares of eBay in a research note on Wednesday, January 30th. Finally, Aegis restated a buy rating and set a $40.00 price target (down previously from $44.00) on shares of eBay in a research note on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $39.13.

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 completion of the transaction, the vice president now directly 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 can be accessed through the SEC website. 6.22% of the stock is owned by company insiders.

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About eBay

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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