Market Update (NASDAQ:EBAY): eBay Inc. Prices $1.5 Billion Senior Unsecured Notes Offering
March 02, 2016 at 17:39 PM EST
[Business Wire] – eBay Inc. today announced the pricing of a $1.5 billion underwritten public offering of its senior unsecured notes, consisting of $750 million of 2.500% Notes due 2018 and $750 million of 3.800% Notes due 2022 . Read more on this. eBay Inc. (EBAY) , with a current value of $27.96B, opened at $24.13. Looking at the equity, the company’s one day range is $23.66 to $24.19 with a trailing 52-week range being $21.52 to $29.83. EBAY shares are currently priced at 12.97x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.10x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 35 sell-side analysts are looking at $0.45 per share, which would be $0.03 worse than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $1.87 is a $0.04 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.08 Billion. If reported, that would be a 53.26% decrease over the year-ago quarter. Recently, Susquehanna Initiated EBAY at Positive (Jan 15, 2016). Previously, Cantor Fitzgerald downgraded EBAY from Buy to Hold. The average price target for EBAY shares by the analysts covering the stock is $28.03, which is 16.16% above where the stock opened this morning. See more in (NASDAQ:EBAY) Similar Articles: Company Update (NASDAQ:EBAY): eBay Teams Up With O, The Oprah Magazine to Launch Exclusive Charity Auction Benefiting The Oprah Winfrey Leadership Academy Stock Update: eBay Inc (NASDAQ:EBAY) – Deal talk during 2011 Super Bowl led to insider trading, SEC says Company Update (NASDAQ:WFM): Whole Foods Market Prices $1.0 Billion Senior Notes Offering