Q1 2020 EPS Estimates for eBay Inc Increased by Wedbush (NASDAQ:EBAY)

eBay Inc (NASDAQ:EBAY) – Analysts at Wedbush lifted their Q1 2020 earnings estimates for shares of eBay in a report released on Wednesday, January 29th. Wedbush analyst Y. Arounian now forecasts that the e-commerce company will post earnings per share of $0.58 for the quarter, up from their prior forecast of $0.56. Wedbush currently has a “Neutral” rating and a $34.00 price objective on the stock. Wedbush also issued estimates for eBay’s Q2 2020 earnings at $0.59 EPS, Q3 2020 earnings at $0.60 EPS, Q4 2020 earnings at $0.70 EPS, FY2020 earnings at $2.46 EPS and FY2021 earnings at $2.96 EPS.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Tuesday, January 28th. The e-commerce company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.81 billion. eBay had a return on equity of 50.71% and a net margin of 16.54%. eBay’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share.

Other analysts have also recently issued research reports about the company. UBS Group reduced their price objective on eBay from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Stifel Nicolaus restated a “hold” rating and issued a $42.00 price target on shares of eBay in a research report on Monday, November 25th. Deutsche Bank restated a “neutral” rating and issued a $42.00 price target on shares of eBay in a research report on Tuesday, October 22nd. Mizuho reduced their price target on eBay from $37.00 to $33.00 in a research report on Thursday, October 24th. Finally, Piper Sandler reduced their price target on eBay from to and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $40.79.

eBay stock opened at $37.41 on Monday. The stock has a market cap of $27.30 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.33 and a beta of 1.37. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.41 and a current ratio of 1.16. eBay has a one year low of $33.53 and a one year high of $42.00. The stock has a fifty day moving average of $35.60 and a 200 day moving average of $37.53.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 2nd will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from eBay’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 1.71%. eBay’s dividend payout ratio is presently 24.14%.

eBay announced that its board has initiated a stock repurchase plan on Tuesday, January 28th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the e-commerce company to purchase up to 17.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

In related news, SVP Wendy Elizabeth Jones sold 7,878 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $35.73, for a total transaction of $281,480.94. Following the completion of the transaction, the senior vice president now directly owns 39,000 shares of the company’s stock, valued at $1,393,470. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kristin A. Yetto sold 122,454 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $34.95, for a total value of $4,279,767.30. Following the transaction, the senior vice president now directly owns 133,107 shares of the company’s stock, valued at $4,652,089.65. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of EBAY. Assenagon Asset Management S.A. lifted its stake in shares of eBay by 3,187.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,771,690 shares of the e-commerce company’s stock valued at $69,060,000 after purchasing an additional 1,717,804 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in shares of eBay by 148.9% in the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,442,419 shares of the e-commerce company’s stock valued at $34,913,000 after purchasing an additional 1,461,318 shares during the last quarter. Man Group plc lifted its stake in shares of eBay by 43.5% in the 3rd quarter. Man Group plc now owns 3,979,812 shares of the e-commerce company’s stock valued at $155,135,000 after purchasing an additional 1,207,216 shares during the last quarter. Lindsell Train Ltd lifted its stake in shares of eBay by 10.7% in the 4th quarter. Lindsell Train Ltd now owns 11,316,771 shares of the e-commerce company’s stock valued at $408,649,000 after purchasing an additional 1,098,171 shares during the last quarter. Finally, Kensico Capital Management Corp lifted its stake in shares of eBay by 16.7% in the 3rd quarter. Kensico Capital Management Corp now owns 6,610,000 shares of the e-commerce company’s stock valued at $257,658,000 after purchasing an additional 945,800 shares during the last quarter. 86.53% of the stock is owned by institutional investors and hedge funds.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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