eBay Inc. (EBAY) to Issue Quarterly Dividend of $0.31 on December 18th

eBay Inc. (NASDAQ:EBAY) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Friday, December 4th will be given a dividend of $0.31 per share by the e-commerce company on Friday, December 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, December 4th.

eBay has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. eBay has a dividend payout ratio of 21.5% meaning its dividend is sufficiently covered by earnings. Analysts expect eBay to earn $5.36 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 23.1%.

eBay Stock Performance

Shares of EBAY opened at $121.19 on Friday. The company’s 50 day simple moving average is $110.49 and its 200-day simple moving average is $103.72. The firm has a market cap of $53.93 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.95 and a beta of 1.33. eBay has a 12-month low of $78.03 and a 12-month high of $124.59. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.41 by $0.10. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.12 billion. eBay had a net margin of 16.84% and a return on equity of 48.79%. eBay’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 EPS. As a group, equities analysts predict that eBay will post 4.90 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on EBAY shares. Barclays cut eBay from an “overweight” rating to an “underweight” rating in a research report on Thursday. Erste Group Bank initiated coverage on eBay in a research note on Wednesday, October 21st. They set a “buy” rating for the company. Wedbush upped their price target on eBay from $137.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday. Cantor Fitzgerald decreased their price target on eBay from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Finally, Susquehanna reiterated a “neutral” rating on shares of eBay in a research report on Friday, August 7th. Fifteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $122.45.

eBay Company Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.