eBay (NASDAQ:EBAY) Updates FY 2024 Earnings Guidance

eBay (NASDAQ:EBAY) issued an update on its FY 2024 earnings guidance on Wednesday morning. 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.

eBay Trading Up 1.0 %

Shares of NASDAQ:EBAY traded up $0.60 during trading on Friday, reaching $58.11. The stock had a trading volume of 7,848,154 shares, compared to its average volume of 5,459,002. The stock 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. The firm’s fifty day moving average is $62.99 and its 200 day moving average is $56.72. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. 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 the consensus estimate of $0.88. eBay had a net margin of 19.68% and a return on equity of 30.15%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. As a group, equities analysts forecast that eBay will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given 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%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Daiwa America upgraded eBay to a “hold” rating in a research report on Wednesday, August 14th. Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 target price on shares of eBay in a report on Monday, October 7th. Morgan Stanley boosted their target price on shares of eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Needham & Company LLC restated a “buy” rating and set a $72.00 price target on shares of eBay in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $61.86.

Insider Activity

In other news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the firm’s 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 transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now 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 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. 0.38% of the stock is currently owned by insiders.

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.