eBay (NASDAQ:EBAY) Releases FY 2024 Earnings Guidance

eBay (NASDAQ:EBAY) updated its FY 2024 earnings guidance on Wednesday. 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 Upgrades and Downgrades

EBAY has been the topic of several research analyst reports. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. The Goldman Sachs Group lifted their price objective on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. Bank of America cut their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday. Susquehanna boosted their target price on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $72.00 price objective on shares of eBay in a research note on Thursday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $61.86.

eBay Trading Up 1.0 %

NASDAQ EBAY 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. eBay has a twelve month low of $37.17 and a twelve month high of $67.80. The firm has a 50 day moving average price of $62.99 and a 200 day moving average price of $56.72. The company has a market capitalization of $28.42 billion, a PE ratio of 14.60, a PEG ratio of 1.95 and a beta of 1.32. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting the consensus estimate of $0.88. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 19.68% and a return on equity of 30.15%. As a group, equities research analysts forecast that eBay will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.86%. eBay’s dividend payout ratio is currently 27.14%.

Insider Transactions at eBay

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 transaction, 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 filing with the SEC, which is available at the SEC website. In related 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 value of $77,757.21. Following the transaction, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $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 90 days, insiders have sold 41,391 shares of company stock valued at $2,678,424. Corporate insiders own 0.38% of the company’s stock.

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.