eBay (NASDAQ:EBAY) Issues Q4 2024 Earnings Guidance

eBay (NASDAQ:EBAY) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.960-1.010 for the period, compared to the consensus earnings per share estimate of 0.900. The company issued revenue guidance of -. eBay also updated its FY 2024 guidance to 4.800-4.850 EPS.

eBay Trading Up 1.0 %

Shares of EBAY stock traded up $0.60 during mid-day trading on Friday, reaching $58.11. The company’s stock had a trading volume of 7,848,154 shares, compared to its average volume of 5,459,002. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $28.42 billion, a PE ratio of 14.60, a price-to-earnings-growth 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 has a 12-month low of $37.17 and a 12-month 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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 30.15% and a net margin of 19.68%. On average, research analysts predict that eBay will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The company 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 $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.86%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Analyst Ratings Changes

A number of equities analysts have weighed in on EBAY shares. Morgan Stanley upped their price objective on shares of eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Robert W. Baird lowered their price objective on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday. TD Cowen upped their target price on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. Finally, Stifel Nicolaus upped their price target on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.86.

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’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 completion of the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares of the company’s stock, valued at $36,963,542.19. 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 is available at the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the 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 of the company’s stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,391 shares of company stock valued at $2,678,424. 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.