PayPal Holdings, Inc. (PYPL) Expected to Announce Earnings of $0.44 Per Share
Wall Street analysts forecast that PayPal Holdings, Inc. (NASDAQ:PYPL) will announce earnings of $0.44 per share for the current quarter, according to Zacks. Thirteen analysts have issued estimates for PayPal Holdings’ earnings. The highest EPS estimate is $0.45 and the lowest is $0.42. PayPal Holdings reported earnings of $0.35 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 25.7%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 19th.
On average, analysts expect that PayPal Holdings will report full year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.78 to $1.86. For the next financial year, analysts expect that the business will post earnings of $2.19 per share, with EPS estimates ranging from $2.03 to $2.36. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow PayPal Holdings.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share 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 business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis.
PYPL has been the subject of a number of recent research reports. Stifel Nicolaus reiterated a “buy” rating and set a $49.00 price target on shares of PayPal Holdings in a research note on Sunday, April 23rd. Vetr cut shares of PayPal Holdings from a “buy” rating to a “hold” rating and set a $45.52 price target for the company. in a research note on Tuesday, April 25th. Cantor Fitzgerald reiterated a “buy” rating and set a $53.00 price target (up previously from $48.00) on shares of PayPal Holdings in a research note on Thursday, April 27th. Royal Bank Of Canada increased their price target on shares of PayPal Holdings from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. Finally, Piper Jaffray Companies upgraded shares of PayPal Holdings from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $41.00 to $45.00 in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. PayPal Holdings presently has an average rating of “Buy” and an average target price of $59.49.
In other news, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the sale, the director now owns 124,516 shares in the company, valued at $7,244,340.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the sale, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. Insiders have sold 265,852 shares of company stock worth $15,543,798 in the last quarter. Insiders own 6.00% of the company’s stock.
Several hedge funds have recently modified their holdings of PYPL. Sentry Investment Management LLC raised its stake in shares of PayPal Holdings by 1.1% in the second quarter. Sentry Investment Management LLC now owns 89,297 shares of the credit services provider’s stock worth $4,793,000 after buying an additional 977 shares during the period. Atlantic Trust LLC raised its stake in shares of PayPal Holdings by 1,140.8% in the second quarter. Atlantic Trust LLC now owns 32,260 shares of the credit services provider’s stock worth $1,732,000 after buying an additional 29,660 shares during the period. Toronto Dominion Bank raised its stake in shares of PayPal Holdings by 24.6% in the second quarter. Toronto Dominion Bank now owns 385,243 shares of the credit services provider’s stock worth $20,672,000 after buying an additional 76,166 shares during the period. Cetera Investment Advisers bought a new stake in shares of PayPal Holdings during the second quarter worth about $254,000. Finally, Advisory Services Network LLC raised its stake in shares of PayPal Holdings by 1.6% in the second quarter. Advisory Services Network LLC now owns 36,802 shares of the credit services provider’s stock worth $1,975,000 after buying an additional 584 shares during the period. Institutional investors and hedge funds own 81.54% of the company’s stock.
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PayPal Holdings (NASDAQ:PYPL) traded down 0.07% on Monday, reaching $59.40. The company had a trading volume of 4,206,792 shares. The firm has a market capitalization of $71.42 billion, a price-to-earnings ratio of 47.90 and a beta of 0.99. PayPal Holdings has a one year low of $36.30 and a one year high of $61.30. The company’s 50 day moving average is $57.84 and its 200-day moving average is $49.13.
PayPal Holdings announced that its board has initiated a share repurchase plan on Wednesday, April 26th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
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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