eBay (NASDAQ:EBAY) Updates Q4 2024 Earnings Guidance

eBay (NASDAQ:EBAYGet Free Report) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.960-1.010 for the period, compared to the consensus earnings per share estimate of 0.900. The company issued revenue guidance of -. eBay also updated its FY 2024 guidance to 4.800-4.850 EPS.

eBay Stock Performance

EBAY traded down $0.14 during midday trading on Wednesday, hitting $62.63. 7,175,159 shares of the company were exchanged, compared to its average volume of 5,423,349. The company’s 50 day simple moving average is $62.95 and its 200 day simple moving average is $56.63. The firm has a market capitalization of $31.44 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay has a 1-year low of $37.17 and a 1-year high of $67.80.

eBay (NASDAQ:EBAYGet Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. As a group, sell-side analysts predict that eBay will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.72%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EBAY shares. Needham & Company LLC restated a “buy” rating and set a $72.00 target price on shares of eBay in a research report on Wednesday, October 23rd. Daiwa America raised shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $62.00 price target on shares of eBay in a research note on Monday, October 7th. Wolfe Research started coverage on shares of eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, Jefferies Financial Group raised their price target on shares of eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.23.

Read Our Latest Research Report on EBAY

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,391 shares of company stock worth $2,678,424 in the last 90 days. Insiders own 0.38% of the company’s stock.

eBay Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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