eBay Inc. (NASDAQ:EBAY – Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 28th.
eBay has increased 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 payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 1.4%
NASDAQ EBAY opened at $111.15 on Thursday. eBay has a 52 week low of $78.03 and a 52 week high of $119.31. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $49.35 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 2.41 and a beta of 1.37. The stock’s 50-day moving average price is $111.10 and its 200-day moving average price is $101.39.
Wall Street Analyst Weigh In
EBAY has been the topic of several analyst reports. Bank of America lifted their price target on shares of eBay from $102.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Jefferies Financial Group increased their price objective on shares of eBay from $65.00 to $75.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 14th. UBS Group raised their price objective on shares of eBay from $96.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Citigroup restated an “outperform” rating on shares of eBay in a research note on Tuesday, July 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $115.00 target price (up from $105.00) on shares of eBay in a report on Thursday, April 30th. Thirteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $110.58.
View Our Latest 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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