eBay (NASDAQ:EBAY) Updates Q4 Earnings Guidance

eBay (NASDAQ:EBAY) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.17-1.22 for the period, compared to the consensus earnings per share estimate of $1.22. The company issued revenue guidance of $2.53-2.59 billion, compared to the consensus revenue estimate of $2.65 billion.

eBay Stock Performance

NASDAQ EBAY traded down $0.14 during trading hours on Wednesday, hitting $62.63. 6,686,060 shares of the company’s stock traded hands, compared to its average volume of 5,421,176. eBay has a 52 week low of $37.17 and a 52 week high of $67.80. The firm has a market capitalization of $31.44 billion, a P/E ratio of 12.48, a P/E/G ratio of 2.45 and a beta of 1.32. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The business’s fifty day moving average price is $62.95 and its two-hundred day moving average price is $56.63.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting the consensus estimate of $0.88. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. Equities research analysts predict that eBay will post 3.86 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on EBAY shares. UBS Group lifted their price target on shares of eBay from $59.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Bank of America upped their target price on shares of eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. TD Cowen upped their price objective on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Citigroup boosted their price target on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.23.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the completion of the sale, the chief executive officer now owns 559,291 shares of the company’s stock, valued at $36,963,542.19. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,391 shares of company stock valued at $2,678,424 over the last ninety days. 0.38% of the stock is owned by insiders.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.