eBay (NASDAQ:EBAY) Issues FY 2024 Earnings Guidance

eBay (NASDAQ:EBAY) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 4.800-4.850 for the period, compared to the consensus EPS 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 Upgrades and Downgrades

A number of brokerages have recently issued reports on EBAY. The Goldman Sachs Group boosted their price target on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. Citigroup upped their target price on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Cantor Fitzgerald restated a “neutral” rating and set a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Susquehanna upped their target price on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley upped their target price on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. One investment 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. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $62.23.

eBay Trading Down 0.2 %

Shares of EBAY traded down $0.14 on Wednesday, hitting $62.63. 7,175,159 shares of the stock traded hands, compared to its average volume of 5,423,349. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $31.44 billion, a P/E ratio of 12.48, a P/E/G ratio of 2.45 and a beta of 1.32. The stock’s 50 day moving average is $62.95 and its two-hundred day moving average is $56.63. eBay has a 1 year low of $37.17 and a 1 year high of $67.80.

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

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. eBay’s dividend payout ratio is currently 21.51%.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,391 shares of company stock valued at $2,678,424 over the last quarter. Company insiders own 0.38% of the company’s stock.

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.