Analysts predict that Paypal Holdings Inc (NASDAQ:PYPL) will announce earnings per share of $0.69 for the current quarter, Zacks reports. Twelve analysts have made estimates for Paypal’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.69. Paypal reported earnings per share of $0.58 during the same quarter last year, which would suggest a positive year-over-year growth rate of 19%. The business is expected to report its next earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Paypal will report full-year earnings of $2.98 per share for the current year, with EPS estimates ranging from $2.85 to $3.01. For the next fiscal year, analysts anticipate that the company will report earnings of $3.48 per share, with EPS estimates ranging from $3.40 to $3.55. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Paypal.

Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.13 billion. Paypal had a return on equity of 15.50% and a net margin of 13.92%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS.

A number of brokerages have recently weighed in on PYPL. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal in a report on Wednesday, May 1st. KeyCorp upped their target price on Paypal from $115.00 to $118.00 and gave the company an “overweight” rating in a report on Monday, April 29th. BidaskClub upgraded Paypal from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 1st. Oppenheimer upped their target price on Paypal from $100.00 to $116.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, Nomura upped their target price on Paypal from $110.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $107.68.

In other Paypal news, EVP Aaron Karczmer sold 3,677 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $94.44, for a total transaction of $347,255.88. Following the completion of the sale, the executive vice president now owns 11,399 shares of the company’s stock, valued at $1,076,521.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John D. Rainey sold 5,730 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $94.45, for a total value of $541,198.50. Following the sale, the chief financial officer now directly owns 117,023 shares of the company’s stock, valued at approximately $11,052,822.35. The disclosure for this sale can be found here. In the last three months, insiders sold 294,521 shares of company stock valued at $29,966,837. 0.15% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in PYPL. united american securities inc. d b a uas asset management bought a new stake in shares of Paypal in the first quarter valued at approximately $10,040,000. Marshall Wace LLP boosted its position in shares of Paypal by 367.5% in the first quarter. Marshall Wace LLP now owns 537,085 shares of the credit services provider’s stock valued at $55,772,000 after acquiring an additional 422,200 shares during the period. Pinebridge Investments L.P. boosted its position in shares of Paypal by 291.1% in the first quarter. Pinebridge Investments L.P. now owns 66,197 shares of the credit services provider’s stock valued at $6,874,000 after acquiring an additional 49,269 shares during the period. Scharf Investments LLC bought a new stake in shares of Paypal in the first quarter valued at approximately $226,000. Finally, Geode Capital Management LLC boosted its position in shares of Paypal by 5.6% in the first quarter. Geode Capital Management LLC now owns 15,229,505 shares of the credit services provider’s stock valued at $1,578,505,000 after acquiring an additional 807,385 shares during the period. 81.33% of the stock is owned by hedge funds and other institutional investors.

Shares of PYPL opened at $109.09 on Friday. The stock has a market capitalization of $125.52 billion, a PE ratio of 60.94, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05. Paypal has a fifty-two week low of $74.66 and a fifty-two week high of $113.69.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Earnings History and Estimates for Paypal (NASDAQ:PYPL)

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