eBay Inc. (NASDAQ:EBAY) Announces $0.27 Quarterly Dividend

eBay Inc. (NASDAQ:EBAY) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Shareholders of record on Friday, August 30th will be given a dividend of 0.27 per share by the e-commerce company on Friday, September 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Friday, August 30th.

eBay has increased its dividend payment by an average of 16.0% annually over the last three years. eBay has a dividend payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect eBay to earn $3.98 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 27.1%.

eBay Trading Down 0.0 %

EBAY traded down $0.01 during trading on Friday, reaching $56.22. 1,706,465 shares of the company’s stock were exchanged, compared to its average volume of 5,720,781. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $57.68. The firm has a market capitalization of $28.22 billion, a PE ratio of 11.20, a P/E/G ratio of 2.55 and a beta of 1.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. The company’s fifty day moving average price is $53.69 and its 200-day moving average price is $50.07.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 28.89%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. As a group, equities analysts forecast that eBay will post 3.73 EPS for the current year.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the sale, the chief accounting officer now owns 4,109 shares in the company, valued at approximately $220,324.58. The disclosure for this sale can be found here. Insiders have sold a total of 10,488 shares of company stock worth $565,910 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays boosted their price target on shares of eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Evercore ISI boosted their price target on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday. Morgan Stanley boosted their price target on shares of eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Wolfe Research assumed coverage on shares of eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Finally, Wells Fargo & Company dropped their target price on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $55.85.

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.