Zacks: Brokerages Anticipate PayPal Holdings, Inc. (PYPL) Will Announce Quarterly Sales of $3.17 Billion
Wall Street analysts expect that PayPal Holdings, Inc. (NASDAQ:PYPL) will report sales of $3.17 billion for the current quarter, according to Zacks Investment Research. Thirteen analysts have provided estimates for PayPal Holdings’ earnings, with the lowest sales estimate coming in at $3.15 billion and the highest estimate coming in at $3.19 billion. PayPal Holdings posted sales of $2.67 billion in the same quarter last year, which would indicate a positive year over year growth rate of 18.7%. The company is expected to announce its next quarterly earnings report on Thursday, October 19th.
On average, analysts expect that PayPal Holdings will report full year sales of $3.17 billion for the current fiscal year, with estimates ranging from $12.83 billion to $12.94 billion. For the next year, analysts anticipate that the company will post sales of $15.17 billion per share, with estimates ranging from $14.98 billion to $15.49 billion. Zacks’ sales averages are an average based on a survey of research firms that cover PayPal Holdings.
PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the firm posted $0.36 EPS. The business’s revenue was up 18.3% on a year-over-year basis.
Several equities research analysts have recently weighed in on PYPL shares. Zacks Investment Research lowered PayPal Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, April 27th. Robert W. Baird raised their price objective on PayPal Holdings from $48.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 price objective for the company in a research note on Thursday, May 4th. Cantor Fitzgerald reissued a “buy” rating and set a $53.00 price objective (up from $48.00) on shares of PayPal Holdings in a research note on Thursday, April 27th. Finally, BidaskClub raised PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $59.49.
PayPal Holdings (PYPL) opened at 60.4194 on Wednesday. The stock’s 50 day moving average price is $58.00 and its 200-day moving average price is $49.41. PayPal Holdings has a 12 month low of $36.30 and a 12 month high of $61.30. The stock has a market cap of $72.65 billion, a price-to-earnings ratio of 48.7253 and a beta of 0.99.
PayPal Holdings declared that its board has approved a share repurchase program on Wednesday, April 26th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 9.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In other news, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the transaction, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary J. Marino sold 1,350 shares of PayPal Holdings stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the completion of the transaction, the executive vice president now owns 37,491 shares in the company, valued at $1,967,527.68. The disclosure for this sale can be found here. Insiders sold 265,852 shares of company stock worth $15,543,798 over the last quarter. 6.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of PYPL. Bangor Savings Bank raised its position in PayPal Holdings by 0.3% in the first quarter. Bangor Savings Bank now owns 12,480 shares of the credit services provider’s stock worth $537,000 after buying an additional 34 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in PayPal Holdings by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock worth $187,000 after buying an additional 38 shares during the period. Apriem Advisors increased its stake in PayPal Holdings by 0.6% in the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock worth $451,000 after buying an additional 52 shares during the period. Westside Investment Management Inc. increased its stake in PayPal Holdings by 0.4% in the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after buying an additional 60 shares during the period. Finally, Sigma Planning Corp increased its stake in PayPal Holdings by 0.4% in the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock worth $903,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 81.54% of the company’s stock.
PayPal Holdings Company Profile
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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