eBay (NASDAQ:EBAY) Updates Q1 2020 After-Hours Earnings Guidance

eBay (NASDAQ:EBAY) issued an update on its first quarter 2020
After-Hours earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.72-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.72. The company issued revenue guidance of $2.31-2.36 billion, compared to the consensus revenue estimate of $2.58 billion.eBay also updated its FY 2020
After-Hours guidance to 3.00-3.10 EPS.

EBAY stock traded up $0.95 during trading on Friday, hitting $38.14. 10,998,700 shares of the stock traded hands. eBay has a 1 year low of $33.53 and a 1 year high of $42.00. The firm’s 50 day moving average is $35.71 and its two-hundred day moving average is $37.36.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Tuesday, January 28th. The e-commerce company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.05. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, research analysts predict that eBay will post 2.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 2nd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.68%. This is an increase from eBay’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, February 28th.

eBay announced that its Board of Directors has approved a stock buyback plan on Tuesday, January 28th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to purchase up to 17.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Several analysts recently commented on EBAY shares. Guggenheim reissued a hold rating on shares of eBay in a research report on Monday, November 25th. Morgan Stanley raised their price target on shares of eBay from $34.00 to $35.00 and gave the company an equal weight rating in a report on Tuesday, January 21st. ValuEngine raised shares of eBay from a strong sell rating to a sell rating in a report on Friday, January 3rd. Bank of America dropped their price target on shares of eBay from $42.00 to $41.00 and set a neutral rating on the stock in a report on Wednesday, January 29th. Finally, Mizuho reaffirmed a sell rating and set a $33.00 price target on shares of eBay in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company. The company has an average rating of Hold and an average target price of $40.79.

In other news, SVP Wendy Elizabeth Jones sold 7,878 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $35.73, for a total value of $281,480.94. Following the transaction, the senior vice president now owns 39,000 shares in the company, valued at approximately $1,393,470. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian J. Doerger sold 3,141 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $36.91, for a total transaction of $115,934.31. Following the completion of the transaction, the chief accounting officer now owns 39,973 shares in the company, valued at approximately $1,475,403.43. The disclosure for this sale can be found here. Insiders sold a total of 193,046 shares of company stock worth $6,881,384 in the last quarter. Company insiders own 6.22% of the company’s stock.

eBay Company Profile

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Earnings History and Estimates for eBay (NASDAQ:EBAY)

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