Etsy (ETSY) to Release Earnings on Wednesday

Etsy (NASDAQ:ETSY) will release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Etsy to post earnings of $0.55 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.05). Etsy had a negative return on equity of 51.94% and a net margin of 10.36%. The company had revenue of $647.80 million for the quarter, compared to analysts’ expectations of $629.87 million. During the same period in the prior year, the company posted $0.83 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, analysts expect Etsy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Etsy Stock Up 0.0 %

Shares of Etsy stock opened at $48.64 on Monday. Etsy has a 52-week low of $48.07 and a 52-week high of $89.58. The company has a 50 day moving average of $53.09 and a 200 day moving average of $58.65. The company has a market capitalization of $5.58 billion, a P/E ratio of 22.62, a P/E/G ratio of 4.85 and a beta of 1.97.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ETSY shares. Needham & Company LLC reissued a “buy” rating and issued a $60.00 target price on shares of Etsy in a report on Wednesday, October 23rd. Wolfe Research began coverage on Etsy in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. UBS Group decreased their target price on Etsy from $65.00 to $58.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. The Goldman Sachs Group cut shares of Etsy from a “neutral” rating to a “sell” rating and lowered their target price for the company from $70.00 to $45.00 in a report on Tuesday, October 15th. Finally, Bank of America cut their price target on shares of Etsy from $61.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Etsy has an average rating of “Hold” and a consensus price target of $66.83.

Insider Buying and Selling

In other Etsy news, CAO Merilee Buckley sold 1,676 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $51.11, for a total value of $85,660.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Nicholas Daniel sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $55.40, for a total value of $41,550.00. Following the completion of the transaction, the insider now directly owns 18,083 shares of the company’s stock, valued at $1,001,798.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Merilee Buckley sold 1,676 shares of Etsy stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $51.11, for a total value of $85,660.36. The disclosure for this sale can be found here. Insiders have sold 5,619 shares of company stock valued at $300,670 over the last quarter. Company insiders own 2.60% of the company’s stock.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.