eBay Inc. (NASDAQ:EBAY – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, August 28th will be given a dividend of 0.31 per share by the e-commerce company on Friday, September 11th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 28th.
eBay has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 7 years. eBay has a payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect eBay to earn $5.41 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 22.9%.
eBay Trading Down 0.9%
EBAY opened at $110.14 on Friday. eBay has a fifty-two week low of $78.03 and a fifty-two week high of $119.31. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $48.90 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.44 and a beta of 1.37. The company’s 50 day moving average price is $111.07 and its two-hundred day moving average price is $101.51.
Analysts Set New Price Targets
Several analysts recently weighed in on EBAY shares. Morgan Stanley reissued an “overweight” rating and issued a $127.00 price objective on shares of eBay in a research note on Thursday. Wells Fargo & Company downgraded eBay from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $105.00 to $92.00 in a report on Monday. Stifel Nicolaus set a $98.00 price target on eBay in a research report on Thursday, April 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $115.00 price target on shares of eBay in a research note on Monday. Finally, Benchmark raised their price objective on eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday. Thirteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $116.16.
Check Out Our Latest Research Report on EBAY
About eBay
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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