eBay (NASDAQ:EBAY) Releases FY 2024 Earnings Guidance

eBay (NASDAQ:EBAYGet Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.580-4.660 for the period, compared to the consensus estimate of 4.340. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of eBay from $46.00 to $45.00 and set an equal weight rating on the stock in a research note on Wednesday, January 24th. Benchmark dropped their price target on shares of eBay from $60.00 to $56.00 and set a buy rating on the stock in a research note on Wednesday, November 8th. Mizuho upped their price target on shares of eBay from $40.00 to $44.00 and gave the stock a neutral rating in a research note on Wednesday. Piper Sandler upped their price target on shares of eBay from $50.00 to $52.00 and gave the stock an overweight rating in a research note on Wednesday. Finally, UBS Group upped their price target on shares of eBay from $46.00 to $47.00 and gave the stock a neutral rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $48.61.

View Our Latest Stock Analysis on eBay

eBay Stock Performance

EBAY stock traded up $3.50 during mid-day trading on Wednesday, reaching $47.89. 23,205,910 shares of the stock traded hands, compared to its average volume of 6,212,097. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average of $42.58 and a two-hundred day moving average of $42.30. eBay has a 52 week low of $37.17 and a 52 week high of $49.47. The firm has a market capitalization of $24.85 billion, a PE ratio of 9.37, a P/E/G ratio of 1.97 and a beta of 1.30.

eBay (NASDAQ:EBAYGet Free Report) last released its earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.04. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.51 billion. eBay had a net margin of 26.99% and a return on equity of 32.03%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. As a group, equities analysts predict that eBay will post 3.31 EPS for the current fiscal year.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Shareholders of record on Monday, March 11th will be paid a dividend of $0.27 per share. This is a boost from eBay’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 2.26%. eBay’s dividend payout ratio (DPR) is currently 19.76%.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 4,930 shares of eBay stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $42.66, for a total value of $210,313.80. Following the completion of the transaction, the senior vice president now owns 49,897 shares in the company, valued at $2,128,606.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other eBay news, SVP Cornelius Boone sold 4,930 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $42.66, for a total transaction of $210,313.80. Following the completion of the sale, the senior vice president now owns 49,897 shares in the company, valued at approximately $2,128,606.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the transaction, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at approximately $1,372,140.64. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On eBay

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UniSuper Management Pty Ltd acquired a new position in eBay in the 2nd quarter worth $174,000. Money Concepts Capital Corp lifted its position in eBay by 554.6% during the 4th quarter. Money Concepts Capital Corp now owns 4,078 shares of the e-commerce company’s stock worth $169,000 after buying an additional 3,455 shares in the last quarter. BOKF NA lifted its position in eBay by 25.1% during the 4th quarter. BOKF NA now owns 3,697 shares of the e-commerce company’s stock worth $161,000 after buying an additional 742 shares in the last quarter. Chilton Capital Management LLC bought a new stake in eBay during the 1st quarter worth about $133,000. Finally, Covestor Ltd lifted its position in eBay by 56.0% during the 1st quarter. Covestor Ltd now owns 2,164 shares of the e-commerce company’s stock worth $124,000 after buying an additional 777 shares in the last quarter. 85.87% of the stock is owned by institutional investors and hedge funds.

About eBay

(Get Free Report)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.

Further Reading

Earnings History and Estimates for eBay (NASDAQ:EBAY)

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