Paypal Holdings Inc (PYPL) Expected to Post Earnings of $0.54 Per Share
Wall Street brokerages forecast that Paypal Holdings Inc (NASDAQ:PYPL) will report earnings of $0.54 per share for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Paypal’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.57. Paypal posted earnings per share of $0.44 in the same quarter last year, which suggests a positive year-over-year growth rate of 22.7%. The company is expected to report its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that Paypal will report full-year earnings of $2.28 per share for the current year, with EPS estimates ranging from $2.20 to $2.35. For the next year, analysts anticipate that the business will post earnings of $2.78 per share, with EPS estimates ranging from $2.64 to $2.99. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Paypal.
Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS.
Paypal (NASDAQ PYPL) traded down $0.40 during trading hours on Tuesday, reaching $80.20. 6,346,283 shares of the company traded hands, compared to its average volume of 11,230,000. The firm has a market cap of $96,120.00 and a PE ratio of 49.51. Paypal has a 1 year low of $41.74 and a 1 year high of $86.32.
In other Paypal news, VP Aaron Anderson sold 9,367 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $77.84, for a total transaction of $729,127.28. Following the sale, the vice president now owns 18,480 shares of the company’s stock, valued at approximately $1,438,483.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO William J. Ready sold 60,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $77.68, for a total transaction of $4,660,800.00. Following the sale, the chief operating officer now directly owns 95,944 shares in the company, valued at approximately $7,452,929.92. The disclosure for this sale can be found here. Insiders have sold a total of 196,413 shares of company stock valued at $15,348,028 in the last quarter. 6.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of PYPL. Jennison Associates LLC grew its holdings in Paypal by 117.3% during the 4th quarter. Jennison Associates LLC now owns 16,354,298 shares of the credit services provider’s stock worth $1,204,003,000 after acquiring an additional 8,827,558 shares during the last quarter. Harding Loevner LP boosted its stake in shares of Paypal by 86.1% in the 3rd quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock valued at $381,030,000 after purchasing an additional 5,253,746 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Paypal by 6.6% in the 4th quarter. BlackRock Inc. now owns 69,404,765 shares of the credit services provider’s stock valued at $5,109,580,000 after purchasing an additional 4,324,405 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Paypal by 171.4% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,877,006 shares of the credit services provider’s stock valued at $312,274,000 after purchasing an additional 3,080,163 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Paypal by 211.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,404,830 shares of the credit services provider’s stock valued at $324,284,000 after purchasing an additional 2,990,330 shares during the last quarter. 80.58% of the stock is currently owned by hedge funds and other institutional investors.
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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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