Brokerages Expect PayPal Holdings, Inc. (PYPL) Will Post Earnings of $0.44 Per Share
Equities research analysts predict that PayPal Holdings, Inc. (NASDAQ:PYPL) will post earnings per share of $0.44 for the current quarter, Zacks reports. Thirteen analysts have provided estimates for PayPal Holdings’ earnings, with estimates ranging from $0.43 to $0.45. PayPal Holdings reported earnings per share of $0.35 in the same quarter last year, which suggests a positive year over year growth rate of 25.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 19th.
According to Zacks, analysts expect that PayPal Holdings will report full year earnings of $1.84 per share for the current fiscal year, with EPS estimates ranging from $1.82 to $1.86. For the next year, analysts anticipate that the firm will report earnings of $2.20 per share, with EPS estimates ranging from $2.03 to $2.36. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover PayPal Holdings.
PayPal Holdings (NASDAQ:PYPL) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping 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 the consensus estimate of $3.09 billion. During the same quarter in the prior year, the business earned $0.36 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year.
A number of equities research analysts have weighed in on the company. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price objective on the stock in a report on Tuesday, July 4th. Oppenheimer Holdings, Inc. lifted their price objective on PayPal Holdings from $50.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Cowen and Company reaffirmed a “market perform” rating and issued a $52.00 price objective (up previously from $48.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $52.00 price objective on shares of PayPal Holdings in a report on Wednesday, July 5th. Finally, Instinet lifted their price objective on PayPal Holdings from $54.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $59.93.
Shares of PayPal Holdings (PYPL) opened at 61.13 on Friday. PayPal Holdings has a 52 week low of $37.54 and a 52 week high of $62.23. The stock has a market cap of $73.50 billion, a P/E ratio of 49.30 and a beta of 0.98. The stock has a 50 day moving average price of $59.80 and a 200-day moving average price of $51.15.
In related news, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $54.03, for a total value of $72,994.53. Following the completion of the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $2,025,638.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William J. Ready sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the completion of the transaction, the chief operating officer now directly owns 29,252 shares of the company’s stock, valued at approximately $1,733,181. The disclosure for this sale can be found here. Insiders sold a total of 262,702 shares of company stock valued at $15,375,804 in the last ninety days. Company insiders own 6.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. boosted its stake in PayPal Holdings by 36.7% in the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after purchasing an additional 649 shares during the period. Stelac Advisory Services LLC acquired a new position in PayPal Holdings in the 1st quarter worth approximately $119,000. Harvest Fund Management Co. Ltd boosted its stake in PayPal Holdings by 171.4% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 1,808 shares during the period. Clean Yield Group acquired a new position in PayPal Holdings in the 1st quarter worth approximately $127,000. Finally, MV Capital Management Inc. boosted its stake in PayPal Holdings by 7.2% in the 2nd quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock worth $159,000 after purchasing an additional 199 shares during the period. 82.55% of the stock is owned by hedge funds and other institutional investors.
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About PayPal Holdings
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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