Paypal Holdings Inc. (PYPL) Set to Announce Quarterly Earnings on Thursday
Paypal Holdings Inc. (NASDAQ:PYPL) is set to release its earnings data after the market closes on Thursday, October 20th. Analysts expect Paypal Holdings to post earnings of $0.35 per share for the quarter. Paypal Holdings has set its Q3 guidance at $0.33-0.35 EPS and its FY16 guidance at $1.47-1.50 EPS.
Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The firm earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter last year, the firm earned $0.32 earnings per share. On average, analysts expect Paypal Holdings to post $1.18 EPS for the current fiscal year and $1.42 EPS for the next fiscal year.
Shares of Paypal Holdings Inc. (NASDAQ:PYPL) opened at 39.83 on Wednesday. The company has a 50 day moving average price of $39.53 and a 200 day moving average price of $38.45. The firm has a market cap of $47.08 billion, a PE ratio of 36.21 and a beta of 1.10. Paypal Holdings Inc. has a 12-month low of $30.52 and a 12-month high of $41.75.
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In other news, EVP Gary J. Marino sold 1,726 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $40.87, for a total transaction of $70,541.62. Following the transaction, the executive vice president now owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William J. Ready sold 26,037 shares of the stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $38.04, for a total transaction of $990,447.48. Following the transaction, the senior vice president now directly owns 105,906 shares in the company, valued at approximately $4,028,664.24. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.
Institutional investors have recently modified their holdings of the company. SevenBridge Financial Group LLC bought a new position in shares of Paypal Holdings during the second quarter valued at approximately $120,000. Korea Investment CORP bought a new position in shares of Paypal Holdings during the second quarter valued at approximately $226,000. Stratos Wealth Partners LTD. boosted its position in shares of Paypal Holdings by 17.9% in the second quarter. Stratos Wealth Partners LTD. now owns 6,529 shares of the company’s stock valued at $238,000 after buying an additional 992 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in shares of Paypal Holdings by 17.0% in the second quarter. HBK Sorce Advisory LLC now owns 7,547 shares of the company’s stock valued at $276,000 after buying an additional 1,095 shares during the last quarter. Finally, Martingale Asset Management L P boosted its position in shares of Paypal Holdings by 12.4% in the second quarter. Martingale Asset Management L P now owns 8,167 shares of the company’s stock valued at $299,000 after buying an additional 898 shares during the last quarter. 78.60% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on PYPL. BTIG Research reiterated a “buy” rating and set a $48.00 target price on shares of Paypal Holdings in a research report on Tuesday. Evercore ISI began coverage on Paypal Holdings in a research report on Tuesday. They set a “buy” rating and a $46.00 target price on the stock. Nomura reiterated a “buy” rating and set a $54.00 target price on shares of Paypal Holdings in a research report on Monday. Mizuho reiterated a “buy” rating and set a $46.00 target price on shares of Paypal Holdings in a research report on Monday. Finally, Barclays PLC boosted their target price on Paypal Holdings from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, October 14th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Paypal Holdings presently has a consensus rating of “Buy” and an average price target of $44.73.
Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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