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.

Analyst Ratings Changes

Several equities analysts have issued reports on EBAY shares. Susquehanna boosted their target price on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 price target on shares of eBay in a report on Monday, October 7th. Citigroup upped their target price on shares of eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. Finally, Barclays dropped their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.86.

eBay Price Performance

Shares of eBay stock traded up $0.60 during trading on Friday, hitting $58.11. The stock had a trading volume of 7,848,154 shares, compared to its average volume of 5,459,002. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day moving average of $62.99 and a two-hundred day moving average of $56.72. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $67.80. The firm has a market cap of $28.42 billion, a P/E ratio of 14.60, a PEG ratio of 1.95 and a beta of 1.32.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. eBay had a return on equity of 30.15% and a net margin of 19.68%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. On average, sell-side analysts expect that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s payout ratio is 27.14%.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is owned by corporate insiders.

eBay Company Profile

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.