Wall Street brokerages expect that Paypal Holdings Inc (NASDAQ:PYPL) will post earnings per share (EPS) of $0.67 for the current quarter, according to Zacks. Thirteen analysts have provided estimates for Paypal’s earnings. The lowest EPS estimate is $0.66 and the highest is $0.69. Paypal posted earnings of $0.55 per share in the same quarter last year, which would suggest a positive year over year growth rate of 21.8%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, January 30th.
On average, analysts expect that Paypal will report full-year earnings of $2.39 per share for the current financial year, with EPS estimates ranging from $2.34 to $2.42. For the next year, analysts expect that the company will report earnings of $2.87 per share, with EPS estimates ranging from $2.78 to $3.04. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Paypal.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Thursday, October 18th. The credit services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue was up 13.7% on a year-over-year basis.
A number of equities analysts recently commented on PYPL shares. Raymond James raised shares of Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a research note on Friday, September 14th. Wells Fargo & Co raised their price objective on shares of Paypal from $95.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, July 26th. Bank of America raised their price objective on shares of Paypal from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, September 11th. BMO Capital Markets raised their price objective on shares of Paypal from $112.00 to $119.00 and gave the stock an “outperform” rating in a research note on Friday, October 19th. Finally, UBS Group raised shares of Paypal from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Seven research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $93.93.
Paypal stock opened at $86.76 on Friday. Paypal has a 52 week low of $68.61 and a 52 week high of $93.70. The company has a market capitalization of $99.80 billion, a P/E ratio of 62.42, a PEG ratio of 2.66 and a beta of 1.23.
In related news, Director John J. Donahoe sold 139,290 shares of Paypal stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $82.51, for a total value of $11,492,817.90. Following the completion of the sale, the director now owns 125,136 shares of the company’s stock, valued at approximately $10,324,971.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Adele Louise Pentland sold 8,149 shares of Paypal stock in a transaction on Monday, October 29th. The shares were sold at an average price of $84.68, for a total transaction of $690,057.32. Following the completion of the sale, the executive vice president now directly owns 61,056 shares of the company’s stock, valued at approximately $5,170,222.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 379,755 shares of company stock valued at $32,034,580. 0.20% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in PYPL. Security National Trust Co. raised its holdings in Paypal by 3.0% in the 3rd quarter. Security National Trust Co. now owns 25,361 shares of the credit services provider’s stock worth $2,228,000 after acquiring an additional 730 shares during the period. First Republic Investment Management Inc. raised its holdings in Paypal by 35.9% in the 2nd quarter. First Republic Investment Management Inc. now owns 305,703 shares of the credit services provider’s stock worth $25,455,000 after acquiring an additional 80,765 shares during the period. Weatherly Asset Management L. P. raised its holdings in Paypal by 0.8% in the 2nd quarter. Weatherly Asset Management L. P. now owns 87,418 shares of the credit services provider’s stock worth $7,279,000 after acquiring an additional 656 shares during the period. New England Research & Management Inc. raised its holdings in Paypal by 10.2% in the 3rd quarter. New England Research & Management Inc. now owns 11,300 shares of the credit services provider’s stock worth $993,000 after acquiring an additional 1,050 shares during the period. Finally, Clinton Group Inc. bought a new position in Paypal in the 3rd quarter worth $9,249,000. 79.81% of the stock is owned by institutional investors and hedge funds.
Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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