eBay (EBAY) to Release Earnings on Wednesday

eBay (NASDAQ:EBAY) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect eBay to post earnings of $1.20 per share and revenue of $2.58 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

eBay Stock Performance

NASDAQ:EBAY opened at $69.99 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $33.53 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 2.22 and a beta of 1.35. The firm’s fifty day simple moving average is $66.00 and its 200 day simple moving average is $63.53. eBay has a twelve month low of $43.67 and a twelve month high of $71.52.

Insider Activity

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the sale, the chief executive officer now owns 531,167 shares of the company’s stock, valued at $33,575,066.07. This represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EBAY has been the topic of several recent research reports. JMP Securities restated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Wedbush initiated coverage on shares of eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price on the stock. Morgan Stanley lifted their target price on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Stifel Nicolaus lifted their target price on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company boosted their price objective on shares of eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $63.38.

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.