eBay (NASDAQ:EBAY) Releases Q4 2024 Earnings Guidance

eBay (NASDAQ:EBAY) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.960-1.010 for the period, compared to the consensus EPS 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 stock traded up $0.60 during midday trading on Friday, reaching $58.11. 7,848,154 shares of the company’s stock were exchanged, compared to its average volume of 5,459,002. 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 firm has a market cap of $28.42 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 1.95 and a beta of 1.32. eBay has a 52 week low of $37.17 and a 52 week high of $67.80. The stock’s 50-day simple moving average is $62.99 and its 200 day simple moving average is $56.72.

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

eBay Dividend Announcement

The company also recently announced 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 presently 27.14%.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Barclays lowered 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. UBS Group lowered their price target on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday. Jefferies Financial Group raised their price objective on eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley raised their price target on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $61.86.

Insider Buying and Selling at eBay

In related news, 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 transaction of $1,597,750.00. Following the transaction, 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 is accessible through the SEC website. In related news, CFO Stephen J. Priest sold 25,000 shares of eBay 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 completion of the sale, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $256,760.14. Following the transaction, 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 ownership of the stock. 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 ninety days. Corporate 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.