Wall Street brokerages expect Paypal Holdings Inc (NASDAQ:PYPL) to announce earnings of $0.83 per share for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Paypal’s earnings, with estimates ranging from $0.82 to $0.83. Paypal reported earnings per share of $0.69 during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.3%. The business is scheduled to issue its next earnings report on Wednesday, January 29th.
On average, analysts expect that Paypal will report full year earnings of $3.07 per share for the current year, with EPS estimates ranging from $3.06 to $3.08. For the next year, analysts anticipate that the company will report earnings of $3.49 per share, with EPS estimates ranging from $3.46 to $3.59. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Paypal.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.52 by $0.09. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Paypal had a return on equity of 16.73% and a net margin of 14.89%. The firm’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS.
A number of brokerages have issued reports on PYPL. Oppenheimer upped their target price on Paypal from $116.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Raymond James dropped their price target on Paypal from $129.00 to $122.00 and set an “outperform” rating on the stock in a research report on Thursday, September 19th. BTIG Research set a $130.00 price target on Paypal and gave the company a “buy” rating in a research report on Wednesday, October 9th. Nomura set a $139.00 price target on Paypal and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Craig Hallum dropped their price target on Paypal from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. Paypal currently has an average rating of “Buy” and an average price target of $123.10.
In related news, CEO Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $110.87, for a total transaction of $3,326,100.00. Following the completion of the transaction, the chief executive officer now directly owns 457,074 shares in the company, valued at approximately $50,675,794.38. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO John D. Rainey sold 7,283 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $107.23, for a total value of $780,956.09. Following the transaction, the chief financial officer now owns 115,128 shares of the company’s stock, valued at $12,345,175.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,790 shares of company stock valued at $11,063,917. 0.15% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of PYPL. Mcmillion Capital Management Inc. bought a new stake in shares of Paypal in the 2nd quarter worth approximately $35,000. AGF Investments LLC lifted its position in shares of Paypal by 55.6% in the 2nd quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 110 shares during the period. Liberty Wealth Management LLC lifted its position in shares of Paypal by 51.6% in the 3rd quarter. Liberty Wealth Management LLC now owns 382 shares of the credit services provider’s stock worth $40,000 after acquiring an additional 130 shares during the period. Sound Income Strategies LLC lifted its position in shares of Paypal by 125.4% in the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 232 shares during the period. Finally, Nelson Roberts Investment Advisors LLC lifted its position in shares of Paypal by 81.6% in the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 465 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 209 shares during the period. Hedge funds and other institutional investors own 81.11% of the company’s stock.
PYPL traded up $0.47 during midday trading on Monday, hitting $104.20. The company’s stock had a trading volume of 5,468,400 shares, compared to its average volume of 8,330,691. The firm has a 50-day moving average price of $102.52 and a two-hundred day moving average price of $109.15. Paypal has a 52-week low of $75.47 and a 52-week high of $121.48. The firm has a market cap of $119.91 billion, a P/E ratio of 58.21, a PEG ratio of 2.42 and a beta of 0.96. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30.
Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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