eBay Inc. Forecasted to Earn Q3 2017 Earnings of $0.37 Per Share (EBAY)
eBay Inc. (NASDAQ:EBAY) – Equities researchers at SunTrust Banks issued their Q3 2017 earnings per share (EPS) estimates for shares of eBay in a report issued on Tuesday. SunTrust Banks analyst Y. Squali anticipates that the e-commerce company will post earnings of $0.37 per share for the quarter. SunTrust Banks has a “Hold” rating and a $38.00 price objective on the stock. SunTrust Banks also issued estimates for eBay’s Q4 2017 earnings at $0.48 EPS, FY2017 earnings at $1.61 EPS, FY2018 earnings at $2.07 EPS, FY2019 earnings at $2.25 EPS and FY2020 earnings at $2.41 EPS.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS.
A number of other research firms have also recently issued reports on EBAY. Credit Suisse Group raised eBay from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $44.00 in a research report on Monday, June 5th. Robert W. Baird reaffirmed an “outperform” rating on shares of eBay in a research report on Monday, July 3rd. UBS AG set a $40.00 price objective on eBay and gave the company a “buy” rating in a research report on Friday, July 21st. BidaskClub raised eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, TheStreet cut eBay from a “b-” rating to a “c+” rating in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.05.
eBay (NASDAQ EBAY) opened at 34.85 on Friday. The company has a market capitalization of $37.30 billion, a P/E ratio of 5.23 and a beta of 1.36. eBay has a 12 month low of $27.28 and a 12 month high of $37.48. The firm has a 50-day moving average price of $35.76 and a 200 day moving average price of $34.32. eBay also saw some unusual options trading on Wednesday. Stock traders purchased 2,194 put options on the company. This is an increase of 231% compared to the average daily volume of 663 put options.
eBay declared that its board has authorized a stock buyback program on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
In other news, SVP Stephen Fisher sold 11,956 shares of eBay stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $36.24, for a total value of $433,285.44. Following the completion of the transaction, the senior vice president now directly owns 89,740 shares of the company’s stock, valued at approximately $3,252,177.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Brian J. Doerger sold 10,450 shares of eBay stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total value of $382,052.00. Following the completion of the transaction, the vice president now directly owns 24,001 shares of the company’s stock, valued at $877,476.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,238 shares of company stock valued at $3,376,547. Corporate insiders own 6.78% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of EBAY. Capital One National Association raised its position in eBay by 0.5% in the first quarter. Capital One National Association now owns 7,255 shares of the e-commerce company’s stock valued at $244,000 after buying an additional 39 shares during the period. Trust Co. of Vermont raised its position in eBay by 0.3% in the second quarter. Trust Co. of Vermont now owns 13,837 shares of the e-commerce company’s stock valued at $483,000 after buying an additional 40 shares during the period. Welch & Forbes LLC raised its position in eBay by 0.6% in the first quarter. Welch & Forbes LLC now owns 7,708 shares of the e-commerce company’s stock valued at $259,000 after buying an additional 45 shares during the period. Hudson Valley Investment Advisors Inc. ADV raised its position in eBay by 0.3% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 15,473 shares of the e-commerce company’s stock valued at $519,000 after buying an additional 50 shares during the period. Finally, Westside Investment Management Inc. raised its position in eBay by 1.7% in the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 60 shares during the period. 85.71% of the stock is owned by hedge funds and other institutional investors.
eBay Company Profile
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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