Zacks: Brokerages Expect Etsy (ETSY) to Post $0.05 EPS

Brokerages expect that Etsy (NASDAQ:ETSY) will post earnings of $0.05 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Etsy’s earnings, with estimates ranging from $0.01 to $0.09. Etsy reported earnings per share of $0.10 during the same quarter last year, which suggests a negative year over year growth rate of 50%. The company is scheduled to announce its next quarterly earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that Etsy will report full year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from $0.35 to $0.51. For the next year, analysts anticipate that the business will post earnings of $0.56 per share, with EPS estimates ranging from $0.40 to $0.78. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Etsy.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Tuesday, May 8th. The specialty retailer reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. Etsy had a net margin of 20.46% and a return on equity of 16.10%. The business had revenue of $120.91 million for the quarter, compared to analyst estimates of $119.53 million. The company’s revenue was up 24.8% compared to the same quarter last year.

ETSY has been the topic of several research reports. Zacks Investment Research lowered shares of Etsy from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. BidaskClub raised shares of Etsy from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. DA Davidson boosted their price objective on shares of Etsy to $33.00 and gave the stock a “buy” rating in a research note on Monday, April 2nd. Roth Capital raised shares of Etsy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.50 to $28.00 in a research note on Wednesday, February 28th. Finally, ValuEngine raised shares of Etsy from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Etsy currently has a consensus rating of “Buy” and a consensus price target of $27.04.

In other news, Director Jonathan D. Klein sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $21.31, for a total value of $1,065,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ETSY. Creative Planning purchased a new position in shares of Etsy during the fourth quarter valued at approximately $619,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Etsy by 7.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 534,377 shares of the specialty retailer’s stock valued at $10,929,000 after purchasing an additional 35,033 shares during the last quarter. Westpac Banking Corp raised its holdings in shares of Etsy by 41.4% during the fourth quarter. Westpac Banking Corp now owns 29,450 shares of the specialty retailer’s stock valued at $602,000 after purchasing an additional 8,620 shares during the last quarter. Fox Run Management L.L.C. raised its holdings in shares of Etsy by 101.0% during the fourth quarter. Fox Run Management L.L.C. now owns 29,346 shares of the specialty retailer’s stock valued at $600,000 after purchasing an additional 14,746 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Etsy by 99.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,728 shares of the specialty retailer’s stock valued at $137,000 after purchasing an additional 3,361 shares during the last quarter. Hedge funds and other institutional investors own 81.68% of the company’s stock.

NASDAQ:ETSY traded up $0.17 during mid-day trading on Friday, hitting $29.64. 42,942 shares of the company’s stock were exchanged, compared to its average volume of 2,534,453. Etsy has a one year low of $29.01 and a one year high of $29.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 6.62 and a quick ratio of 6.62. The firm has a market capitalization of $3.51 billion, a P/E ratio of 77.66, a PEG ratio of 3.84 and a beta of 0.18.

About Etsy

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

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Earnings History and Estimates for Etsy (NASDAQ:ETSY)

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