eBay Inc (EBAY) to Issue Quarterly Dividend of $0.14 on December 20th

eBay Inc (NASDAQ:EBAY) declared a quarterly dividend on Wednesday, October 23rd, RTT News reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.14 per share by the e-commerce company on Friday, December 20th. This represents a $0.56 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Friday, November 29th.

NASDAQ EBAY opened at $35.72 on Wednesday. The stock’s fifty day moving average is $36.47 and its two-hundred day moving average is $38.49. The firm has a market capitalization of $28.57 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 1.49 and a beta of 1.38. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.41 and a current ratio of 1.41. eBay has a fifty-two week low of $26.01 and a fifty-two week high of $42.00.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 23rd. The e-commerce company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.65 billion. eBay had a return on equity of 44.15% and a net margin of 18.33%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 earnings per share. As a group, sell-side analysts forecast that eBay will post 2.28 EPS for the current year.

In related news, CEO Devin Wenig sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $39.86, for a total value of $398,600.00. Following the sale, the chief executive officer now owns 1,022,419 shares in the company, valued at approximately $40,753,621.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.60% of the stock is currently owned by insiders.

A number of equities analysts have weighed in on EBAY shares. Macquarie set a $44.00 price objective on eBay and gave the stock a “hold” rating in a research note on Thursday, September 26th. Mizuho lowered their price objective on eBay from $37.00 to $33.00 in a research note on Thursday, October 24th. BidaskClub lowered eBay from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. UBS Group decreased their price target on eBay from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $42.00 price target on shares of eBay in a research note on Monday. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $42.46.

About eBay

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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