Etsy Inc (ETSY) Expected to Post Quarterly Sales of $150.34 Million

Wall Street analysts expect that Etsy Inc (NASDAQ:ETSY) will post $150.34 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Etsy’s earnings. The lowest sales estimate is $147.64 million and the highest is $154.26 million. Etsy posted sales of $106.38 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 41.3%. The company is scheduled to report its next quarterly earnings report on Monday, November 5th.

On average, analysts expect that Etsy will report full-year sales of $595.38 million for the current year, with estimates ranging from $591.39 million to $597.80 million. For the next year, analysts forecast that the firm will report sales of $751.84 million per share, with estimates ranging from $726.50 million to $770.23 million. Zacks’ sales averages are an average based on a survey of research firms that cover Etsy.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Monday, August 6th. The specialty retailer reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The firm had revenue of $132.39 million for the quarter, compared to analyst estimates of $127.10 million. Etsy had a net margin of 17.52% and a return on equity of 13.23%. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share.

A number of research firms recently commented on ETSY. Wedbush began coverage on Etsy in a research note on Friday, September 14th. They issued a “buy” rating on the stock. DA Davidson reaffirmed a “buy” rating and issued a $59.00 price objective (up from $53.00) on shares of Etsy in a research note on Friday, September 14th. Loop Capital lifted their price objective on Etsy to $65.00 and gave the stock a “buy” rating in a research note on Friday, September 14th. Zacks Investment Research lowered Etsy from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Finally, Ifs Securities lifted their price objective on Etsy to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Etsy currently has a consensus rating of “Buy” and a consensus price target of $44.38.

In other news, Director Melissa Reiff sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $46.01, for a total transaction of $1,610,350.00. Following the completion of the sale, the director now owns 25,285 shares in the company, valued at $1,163,362.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director M Michele Burns sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $44.48, for a total value of $2,001,600.00. Following the sale, the director now owns 28,103 shares of the company’s stock, valued at approximately $1,250,021.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 107,062 shares of company stock valued at $4,834,580. 2.80% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Mount Yale Investment Advisors LLC purchased a new stake in Etsy during the 2nd quarter valued at about $102,000. Moneta Group Investment Advisors LLC purchased a new stake in Etsy during the 2nd quarter valued at about $146,000. Point72 Asia Hong Kong Ltd purchased a new stake in Etsy during the 1st quarter valued at about $148,000. PARK CIRCLE Co boosted its holdings in Etsy by 100.0% during the 2nd quarter. PARK CIRCLE Co now owns 4,000 shares of the specialty retailer’s stock valued at $169,000 after acquiring an additional 2,000 shares during the period. Finally, Eqis Capital Management Inc. purchased a new stake in Etsy during the 2nd quarter valued at about $201,000. Institutional investors own 86.74% of the company’s stock.

Shares of Etsy stock traded down $1.00 during midday trading on Tuesday, reaching $47.75. The company had a trading volume of 83,638 shares, compared to its average volume of 2,535,364. The company has a debt-to-equity ratio of 0.90, a current ratio of 5.87 and a quick ratio of 5.87. The firm has a market cap of $6.01 billion, a P/E ratio of 126.66, a P/E/G ratio of 8.13 and a beta of 0.23. Etsy has a fifty-two week low of $15.27 and a fifty-two week high of $53.25.

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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