PayPal Holdings, Inc. (PYPL) to Release Quarterly Earnings on Wednesday
PayPal Holdings, Inc. (NASDAQ:PYPL) is scheduled to announce its earnings results before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. PayPal Holdings has set its Q3 guidance at $0.42-0.44 EPS and its FY17 guidance at $1.80-1.84 EPS.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. PayPal Holdings’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 EPS. On average, analysts expect PayPal Holdings to post $1.84 EPS for the current fiscal year and $2.20 EPS for the next fiscal year.
Shares of PayPal Holdings, Inc. (PYPL) opened at 66.04 on Wednesday. The company has a market capitalization of $79.41 billion, a P/E ratio of 53.26 and a beta of 0.98. The company’s 50 day moving average is $63.85 and its 200 day moving average is $63.85. PayPal Holdings, Inc. has a 12-month low of $38.06 and a 12-month high of $66.67.
A number of brokerages recently weighed in on PYPL. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 target price on the stock in a report on Tuesday, July 4th. Oppenheimer Holdings, Inc. boosted their target price on shares of PayPal Holdings from $50.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Cowen and Company restated a “market perform” rating and set a $52.00 target price (up from $48.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $52.00 target price on shares of PayPal Holdings in a report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $70.00 target price on shares of PayPal Holdings in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $63.00.
In other news, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the transaction, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at approximately $2,212,028. The disclosure for this sale can be found here. Insiders sold 261,351 shares of company stock valued at $15,302,809 in the last ninety days. 6.00% of the stock is currently owned by insiders.
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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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