Etsy (NASDAQ:ETSY) will release its earnings data after the market closes on Wednesday, October 28th. Analysts expect Etsy to post earnings of $0.58 per share for the quarter. Etsy has set its Q3 2020
After-Hours guidance at EPS.Persons that wish to register for the company's earnings conference call can do so using this link.
Etsy (NASDAQ:ETSY) last released its earnings results on Wednesday, August 5th. The specialty retailer reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.36. Etsy had a net margin of 13.78% and a return on equity of 35.91%. The business had revenue of $428.74 million during the quarter, compared to analysts' expectations of $334.37 million. On average, analysts expect Etsy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NASDAQ:ETSY opened at $144.79 on Wednesday. Etsy has a 1-year low of $29.95 and a 1-year high of $154.88. The company has a current ratio of 4.27, a quick ratio of 4.27 and a debt-to-equity ratio of 1.63. The firm has a fifty day simple moving average of $125.53 and a 200 day simple moving average of $100.32. The stock has a market capitalization of $17.28 billion, a PE ratio of 118.68, a P/E/G ratio of 2.56 and a beta of 1.36.
In other Etsy news, CMO Ryan M. Scott sold 842 shares of Etsy stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $135.31, for a total value of $113,931.02. Following the transaction, the chief marketing officer now owns 3,601 shares in the company, valued at $487,251.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Margaret Mary Smyth sold 735 shares of Etsy stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $136.81, for a total value of $100,555.35. Following the completion of the transaction, the director now owns 10,372 shares in the company, valued at approximately $1,418,993.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 341,752 shares of company stock worth $43,305,730. Company insiders own 3.80% of the company's stock.
Several research firms recently weighed in on ETSY. BTIG Research raised shares of Etsy from a "neutral" rating to a "buy" rating and set a $138.00 target price for the company in a research note on Friday, September 11th. SunTrust Banks started coverage on shares of Etsy in a research note on Friday, June 26th. They issued a "buy" rating and a $112.00 target price for the company. BidaskClub downgraded Etsy from a "buy" rating to a "hold" rating in a report on Saturday, September 5th. Royal Bank of Canada raised their price target on Etsy from $79.00 to $117.00 and gave the company an "outperform" rating in a report on Tuesday, June 23rd. Finally, DA Davidson raised their price target on Etsy from $90.00 to $160.00 in a report on Monday, August 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of "Buy" and a consensus price target of $133.95.
Etsy Company Profile
Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.
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