eBay (EBAY) Set to Announce Earnings on Wednesday

eBay (NASDAQ:EBAY - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect eBay to post earnings of $1.20 per share for the quarter. eBay has set its Q1 guidance at $1.19-$1.23 EPS and its Q1 2024 guidance at 1.190-1.230 EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.04. eBay had a net margin of 27.36% and a return on equity of 29.16%. The firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter last year, the business earned $0.87 EPS. The company's revenue was up 3.6% compared to the same quarter last year. On average, analysts expect eBay to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

eBay Trading Down 0.1 %

eBay stock traded down $0.07 during mid-day trading on Wednesday, hitting $51.18. 5,088,646 shares of the stock were exchanged, compared to its average volume of 6,411,716. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.09. eBay has a 12 month low of $37.17 and a 12 month high of $52.93. The firm's fifty day simple moving average is $49.76 and its two-hundred day simple moving average is $44.43. The stock has a market capitalization of $26.51 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 2.05 and a beta of 1.33.

eBay declared that its board has initiated a stock repurchase program on Tuesday, February 27th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the e-commerce company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a dividend of $0.27 per share. This is a positive change from eBay's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.08 annualized dividend and a yield of 2.11%. eBay's dividend payout ratio (DPR) is presently 20.69%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EBAY shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of eBay from $55.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. UBS Group lifted their price objective on shares of eBay from $46.00 to $47.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. Morgan Stanley upgraded shares of eBay from an "underweight" rating to an "overweight" rating in a research note on Thursday, April 18th. Barclays lifted their price objective on shares of eBay from $55.00 to $61.00 and gave the company an "overweight" rating in a research note on Wednesday, February 28th. Finally, Susquehanna lifted their price objective on shares of eBay from $43.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, eBay presently has an average rating of "Hold" and a consensus target price of $49.21.

Insider Activity at eBay

In other news, SVP Edward O. Garcia sold 1,165 shares of the company's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the sale, the senior vice president now directly owns 31,888 shares in the company, valued at $1,372,140.64. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.21% of the stock is currently owned by company 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.