eBay (NASDAQ:EBAY) Releases FY 2024 Earnings Guidance

eBay (NASDAQ:EBAY) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.800-4.850 for the period, compared to the consensus earnings per share estimate of 4.830. The company issued revenue guidance of $10.2 billion-$10.3 billion, compared to the consensus revenue estimate of $10.3 billion. eBay also updated its Q4 guidance to $1.17-1.22 EPS.

eBay Trading Up 1.0 %

EBAY traded up $0.60 during trading on Friday, reaching $58.11. The company had a trading volume of 7,848,154 shares, compared to its average volume of 5,459,002. eBay has a 12-month low of $37.17 and a 12-month high of $67.80. The firm’s 50-day simple moving average is $62.99 and its 200 day simple moving average is $56.72. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $28.42 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.95 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting the consensus estimate of $0.88. eBay had a net margin of 19.68% and a return on equity of 30.15%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. Equities research analysts anticipate that eBay will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.86%. eBay’s dividend payout ratio (DPR) is 27.14%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. Daiwa America upgraded shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Benchmark reissued a “buy” rating and issued a $65.00 price objective on shares of eBay in a research report on Tuesday. Truist Financial upped their price objective on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Finally, Jefferies Financial Group lifted their price target on eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $61.86.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other eBay 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 transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,391 shares of company stock worth $2,678,424 over the last 90 days. 0.38% of the stock is owned by company insiders.

About eBay

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.