Etsy (ETSY) to Release Quarterly Earnings on Wednesday

Etsy (NASDAQ:ETSY) will be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Etsy to post earnings of $0.55 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Wednesday, July 31st. The specialty retailer reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.05). The firm had revenue of $647.80 million during the quarter, compared to the consensus estimate of $629.87 million. Etsy had a net margin of 10.36% and a negative return on equity of 51.94%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 earnings per share. On average, analysts expect Etsy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Etsy Stock Down 4.7 %

Shares of ETSY stock opened at $49.33 on Wednesday. The firm has a market capitalization of $5.77 billion, a P/E ratio of 22.53, a P/E/G ratio of 4.99 and a beta of 1.97. Etsy has a twelve month low of $48.07 and a twelve month high of $89.58. The stock’s fifty day simple moving average is $53.34 and its 200 day simple moving average is $59.04.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Piper Sandler reaffirmed a “neutral” rating and issued a $56.00 price objective on shares of Etsy in a research note on Friday, August 23rd. Oppenheimer lowered shares of Etsy from an “outperform” rating to a “market perform” rating in a report on Thursday, August 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 target price on shares of Etsy in a research report on Monday, October 7th. Wells Fargo & Company decreased their price target on Etsy from $58.00 to $47.00 and set an “underweight” rating for the company in a research note on Thursday, October 3rd. Finally, Evercore ISI raised Etsy to a “strong-buy” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.05.

Insider Buying and Selling at Etsy

In other news, insider Nicholas Daniel sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $55.40, for a total transaction of $41,550.00. Following the transaction, the insider now directly owns 18,083 shares of the company’s stock, valued at $1,001,798.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Etsy news, insider Nicholas Daniel sold 750 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $55.40, for a total transaction of $41,550.00. Following the transaction, the insider now owns 18,083 shares in the company, valued at approximately $1,001,798.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Merilee Buckley sold 1,676 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $51.11, for a total transaction of $85,660.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,619 shares of company stock valued at $300,670. Company insiders own 2.60% of the company’s stock.

About Etsy

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.