eBay (NASDAQ:EBAY) Issues 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.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several recent research reports. Robert W. Baird lifted their price target on eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Jefferies Financial Group lifted their price target on eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. The Goldman Sachs Group lifted their price target on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Finally, TD Cowen lifted their price target on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. One 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. Based on data from MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $62.23.

eBay Trading Down 0.2 %

Shares of eBay stock traded down $0.14 on Wednesday, hitting $62.63. 7,175,159 shares of the company traded hands, compared to its average volume of 5,423,349. The stock’s 50 day moving average price is $62.95 and its 200-day moving average price is $56.63. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The company has a market cap of $31.44 billion, a PE ratio of 12.48, a PEG ratio of 2.45 and a beta of 1.32. eBay has a 52 week low of $37.17 and a 52 week high of $67.80.

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, hitting analysts’ consensus estimates of $0.88. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. Equities research analysts predict that eBay will post 3.86 EPS for the current year.

eBay Announces Dividend

The business 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 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%.

Insider Activity

In other news, 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 owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their position. 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 company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was 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. 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.