eBay (NASDAQ:EBAY) Issues Quarterly Earnings Results, Misses Estimates By $0.14 EPS

eBay (NASDAQ:EBAYGet Rating) announced its earnings results on Wednesday. The e-commerce company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.14), reports. eBay had a return on equity of 20.91% and a net margin of 113.26%. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was down 17.2% compared to the same quarter last year. eBay updated its Q2 guidance to $0.87-0.91 EPS and its FY22 guidance to $3.90-4.10 EPS.

Shares of NASDAQ EBAY traded down $0.66 during midday trading on Tuesday, reaching $48.60. 594,513 shares of the company were exchanged, compared to its average volume of 7,181,505. The company has a current ratio of 1.48, a quick ratio of 1.97 and a debt-to-equity ratio of 0.93. eBay has a 1 year low of $47.03 and a 1 year high of $81.19. The stock has a fifty day simple moving average of $54.51 and a 200 day simple moving average of $61.68. The stock has a market cap of $27.57 billion, a P/E ratio of 2.85, a PEG ratio of 1.26 and a beta of 1.15.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Shareholders of record on Wednesday, June 1st will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Tuesday, May 31st. eBay’s payout ratio is 5.16%.

Several equities analysts have recently issued reports on EBAY shares. Argus decreased their price objective on eBay from $88.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, March 22nd. JPMorgan Chase & Co. reduced their price target on eBay from $70.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, February 24th. Mizuho reduced their price target on eBay from $60.00 to $50.00 in a report on Friday. Piper Sandler reduced their price target on eBay from $68.00 to $63.00 in a report on Thursday, May 5th. Finally, Benchmark reduced their price target on eBay from $71.00 to $67.00 in a report on Thursday, May 5th. Fourteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.76.

In related news, SVP Pete Thompson sold 49,523 shares of the firm’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $54.45, for a total transaction of $2,696,527.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.21% of the company’s stock.

A number of large investors have recently made changes to their positions in EBAY. Capital World Investors acquired a new stake in eBay in the third quarter valued at about $457,861,000. Norges Bank acquired a new stake in shares of eBay during the 4th quarter valued at approximately $240,751,000. Nordea Investment Management AB lifted its position in shares of eBay by 34.3% during the 1st quarter. Nordea Investment Management AB now owns 13,435,649 shares of the e-commerce company’s stock valued at $783,433,000 after acquiring an additional 3,428,575 shares during the period. Maj Invest Holding A S lifted its position in shares of eBay by 44.9% during the 1st quarter. Maj Invest Holding A S now owns 6,926,387 shares of the e-commerce company’s stock valued at $396,604,000 after acquiring an additional 2,147,372 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in shares of eBay by 43.1% during the 4th quarter. Nuveen Asset Management LLC now owns 5,730,780 shares of the e-commerce company’s stock valued at $381,096,000 after acquiring an additional 1,726,110 shares during the period. Hedge funds and other institutional investors own 88.99% of the company’s stock.

eBay Company Profile (Get Rating)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

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Earnings History for eBay (NASDAQ:EBAY)

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