PayPal Holdings, Inc. (NASDAQ:PYPL) Declares Quarterly Dividend of $0.14

PayPal Holdings, Inc. (NASDAQ:PYPL) announced a quarterly dividend on Monday, May 4th, NASDAQ Dividends reports. Investors of record on Thursday, June 4th will be paid a dividend of 0.14 per share by the credit services provider on Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, June 4th.

PayPal Price Performance

NASDAQ:PYPL traded up $0.43 during trading hours on Wednesday, reaching $46.92. 4,441,850 shares of the company were exchanged, compared to its average volume of 20,971,980. The company has a market capitalization of $42.21 billion, a P/E ratio of 8.67, a P/E/G ratio of 1.45 and a beta of 1.39. PayPal has a 1-year low of $38.46 and a 1-year high of $79.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.29 and a quick ratio of 1.29. The business has a 50 day moving average of $46.73 and a 200 day moving average of $54.28.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a return on equity of 25.42% and a net margin of 15.77%.The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 earnings per share. Research analysts forecast that PayPal will post 5.31 EPS for the current year.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of analyst reports. Royal Bank Of Canada reduced their price target on PayPal from $91.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. UBS Group set a $50.00 target price on PayPal in a research note on Thursday, April 16th. BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. cut their target price on PayPal from $70.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PayPal in a research note on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $56.53.

PayPal Company Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.