eBay (NASDAQ:EBAY) Releases Q4 2024 Earnings Guidance

02 Nov 2024, 17:30 by Kim Johansen · The Markets Daily

eBay (NASDAQ:EBAY – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. 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.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $72.00 price objective on shares of eBay in a research report on Thursday. UBS Group cut their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday. Susquehanna upped their price objective on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley boosted their target price on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Piper Sandler lifted their price objective on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday. One equities research 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, the company currently has an average rating of “Hold” and a consensus price target of $61.86.

View Our Latest Stock Analysis on eBay

eBay Stock Performance

NASDAQ:EBAY traded up $0.60 during mid-day 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 company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $28.42 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.95 and a beta of 1.32. The company’s 50 day simple moving average is $62.99 and its 200 day simple moving average is $56.72.

eBay (NASDAQ:EBAY – Get Free Report) 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. eBay had a return on equity of 30.15% and a net margin of 19.68%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. On average, equities research analysts forecast that eBay will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio is presently 27.14%.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the transaction, the chief executive officer now owns 559,291 shares in the company, valued at approximately $36,963,542.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This 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 in the last three months. 0.38% of the stock is currently owned by company insiders.

eBay Company Profile

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