|Bid||58.48 x 1100|
|Ask||58.50 x 900|
|Day's Range||57.77 - 58.88|
|52 Week Range||31.56 - 64.85|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||14.18|
|Earnings Date||Jul 26, 2021 - Jul 30, 2021|
|Forward Dividend & Yield||0.72 (1.24%)|
|Ex-Dividend Date||May 28, 2021|
|1y Target Est||68.96|
Etsy (ETSY) reported first-quarter financial results after the market close Wednesday. Despite beating on both top and bottom lines, the stock was under pressure in after hours trading. The company said it will not be issuing guidance for the full year.
Investors weren't thrilled with the latest earnings update from eBay (NASDAQ: EBAY). Sure, the online marketplace is benefiting from soaring e-commerce demand for everything ranging from collectible sneakers to automobiles. With that bigger picture in mind, let's look at some takeaways from this past week's first-quarter 2021 earnings report, and what they could mean for shareholders of this highly profitable business.
eBay Inc (NASDAQ: EBAY) has priced $2.5 billion senior unsecured notes, consisting of $750 million of 1.4% Notes due 2026, $750 million of 2.6% Notes due 2031, and $1 billion of 3.65% Notes due 2051 in a public offering. eBay will utilize a substantial portion of the offering proceeds to repay $750 million of its outstanding 3.80% Notes due 2022 and around $600 million of its outstanding 2.60% Notes due 2022. The remaining proceeds will be used for general corporate purposes, including capital expenditures, share repurchases, repayment of other indebtedness, and possible acquisitions. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, and RBC Capital Markets, LLC are the joint book-running managers. eBay held $3.9 billion in cash and equivalents and $5.9 billion in long-term debt as of Mar. 31, 2021. Price action: EBAY shares closed higher by 4.23% at $58.15 on Monday. See more from BenzingaClick here for options trades from BenzingaApple To Face Epic Games' Antitrust Lawsuit Over Unfair App Store Practices Today: ReportIntel Earmarks .5B For New Mexico Site Upgrade© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.