Etsy (ETSY) Set to Announce Quarterly Earnings on Wednesday

Etsy (NASDAQ:ETSY - Get Free Report) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Etsy to post earnings of $0.49 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Etsy (NASDAQ:ETSY - Get Free Report) last issued its earnings results on Wednesday, February 21st. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. Etsy had a net margin of 11.19% and a negative return on equity of 70.75%. The business had revenue of $842.32 million for the quarter, compared to analyst estimates of $827.40 million. On average, analysts expect Etsy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Etsy Price Performance

Shares of Etsy stock traded down $1.48 during trading on Wednesday, hitting $66.87. 2,640,895 shares of the company's stock traded hands, compared to its average volume of 3,704,816. The firm's fifty day moving average price is $69.30 and its 200 day moving average price is $71.53. Etsy has a twelve month low of $58.20 and a twelve month high of $102.81. The company has a market cap of $7.92 billion, a PE ratio of 29.85, a PEG ratio of 4.62 and a beta of 2.01.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ETSY shares. Piper Sandler lifted their price target on shares of Etsy from $90.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Barclays lifted their price target on shares of Etsy from $63.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, February 22nd. Needham & Company LLC reissued a "buy" rating and set a $95.00 price target on shares of Etsy in a report on Friday, March 1st. UBS Group cut their price target on shares of Etsy from $75.00 to $72.00 and set a "neutral" rating for the company in a report on Thursday, February 22nd. Finally, Evercore ISI cut their price target on shares of Etsy from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $84.46.

Insider Activity at Etsy

In related news, CAO Merilee Buckley sold 1,671 shares of the business's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total transaction of $108,681.84. Following the completion of the transaction, the chief accounting officer now owns 2,827 shares in the company, valued at $183,868.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Merilee Buckley sold 1,671 shares of the company's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total value of $108,681.84. Following the completion of the transaction, the chief accounting officer now owns 2,827 shares in the company, valued at $183,868.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicholas Daniel sold 750 shares of the company's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $66.01, for a total transaction of $49,507.50. Following the completion of the transaction, the insider now owns 19,682 shares of the company's stock, valued at approximately $1,299,208.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,968 shares of company stock worth $4,836,827. 2.60% of the stock is currently owned by company insiders.

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.