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EBay Inc (EBAY) Given "Hold" Rating at Royal Bank of Canada

20 April 2017
EBay Inc (EBAY) Given

eBay Inc (NASDAQ:EBAY) have shown a high EPS growth of 21.00% in the last 5 years and has earnings growth of 1144.40% yoy. The business is expected to announce its next earnings results after the market closes on Wednesday, April 19th. The company earned $2.40 billion during the quarter, compared to analyst estimates of $2.40 billion. eBay had a net margin of 80.92% and a return on equity of 24.13%. eBay's revenue for the quarter was up 3.1% compared to the same quarter previous year.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings.

A number of other analysts also recently commented on EBAY.

Beat earnings estimates. The company posted earnings of $0.49 per share (excluding $0.51 from non-recurring items), topping the Zacks Consensus Estimate of $0.40 per share. The firm earned $2.40 billion during the quarter, compared to analysts' expectations of $2.40 billion. eBay had a return on equity of 24.13% and a net margin of 80.92%. The company's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 EPS.

Argus Maintains eBay Inc. Boston Partners raised its stake in shares of eBay by 5.3% in the third quarter. Hartford Financial Management Inc. now owns 3,570 shares of the e-commerce company's stock worth $117,000 after buying an additional 100 shares during the period. They now have a $34.00 price target on the e-commerce company's stock.

EBay Inc (NASDAQ:EBAY) share price soared 0.18% or 0.06 points to reach at $34.33 during previous trading session. Macquarie set a $39.00 target price on shares of eBay and gave the company a "neutral" rating in a research note on Tuesday. Maxim Group restated a buy rating and set a $36.00 price objective on shares of eBay in a report on Wednesday, April 12th. Shares of the Company were trading above their 50-day moving average by 2.34%. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and global copyright and trademark legislation.

01/26/2017 - eBay Inc. had its "market perform" rating reiterated by analysts at Cowen. They now have a Dollars 30 price target on the stock. Also, SVP Stephen Fisher sold 16,601 shares of eBay stock in a transaction dated Wednesday, February 22nd. On the other side of RSI values, an RSI reading of 30 or below is commonly interpreted as indicating an oversold or undervalued condition that may signal a trend change or corrective price reversal to the upside. Following the completion of the transaction, the vice president now directly owns 29,006 shares in the company, valued at approximately $964,449.50. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it. (EBAY) is 0.77. The Average Volume (3 months) is 8.95 Million. BKD Wealth Advisors LLC raised its stake in shares of eBay by 25.6% in the first quarter. Boston Partners now owns 26,671,175 shares of the e-commerce company's stock valued at $877,482,000 after buying an additional 1,342,624 shares during the period.

"The first quarter was a strong start to the year with accelerating growth in active buyers, revenue and our core USA business", Devin Wenig, eBay's president and CEO, said in a press release.

The Company has 1079.28 million shares outstanding and 1006.29 million shares were floated in market.

eBay (NASDAQ:EBAY) opened at 34.02 on Thursday. Principal Financial Group Inc. raised its position in eBay by 11.6% in the third quarter. The short ratio in the company's stock is documented at 1.72 and the short float is around of 1.53%. Atria Investments LLC raised its stake in shares of eBay by 14.0% in the first quarter.