PayPal (NASDAQ:PYPL – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.650-3.650 for the period, compared to the consensus estimate of 4.750. The company issued revenue guidance of -. PayPal also updated its Q2 2024 guidance to 0.830-0.830 EPS.
PayPal Stock Performance
NASDAQ:PYPL opened at $66.99 on Tuesday. The company’s 50-day moving average is $63.03 and its two-hundred day moving average is $60.27. PayPal has a 1-year low of $50.25 and a 1-year high of $76.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $70.52 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.23 and a beta of 1.45.
PayPal (NASDAQ:PYPL – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the previous year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts forecast that PayPal will post 4.02 EPS for the current year.
Analysts Set New Price Targets
Read Our Latest Research Report on PayPal
Insiders Place Their Bets
In related news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.
About PayPal
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
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