PayPal Holdings, Inc. (PYPL) Issues Earnings Results

PayPal Holdings, Inc. (NASDAQ:PYPL) announced its earnings results on Wednesday. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03, Bloomberg Earnings reports. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm’s revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share.

Shares of PayPal Holdings (NASDAQ PYPL) traded down 0.01% during mid-day trading on Thursday, hitting $67.25. The company’s stock had a trading volume of 14,546,383 shares. The company has a market cap of $80.86 billion, a PE ratio of 54.23 and a beta of 0.98. The stock has a 50-day moving average of $64.75 and a 200-day moving average of $64.75. PayPal Holdings has a 12-month low of $38.06 and a 12-month high of $69.61.

COPYRIGHT VIOLATION WARNING: This story was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.com-unik.info/2017/10/19/paypal-holdings-inc-pypl-issues-earnings-results.html.

In related news, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the transaction, the executive vice president now directly owns 37,492 shares in the company, valued at $2,212,028. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the transaction, the director now owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The disclosure for this sale can be found here. Insiders sold 261,351 shares of company stock worth $15,302,809 over the last 90 days. Company insiders own 6.00% of the company’s stock.

A number of brokerages have commented on PYPL. Mizuho reiterated a “hold” rating and issued a $50.00 target price on shares of PayPal Holdings in a report on Sunday. Craig Hallum reiterated a “buy” rating and issued a $83.00 target price (up from $67.00) on shares of PayPal Holdings in a report on Tuesday. Stifel Nicolaus set a $61.00 target price on shares of PayPal Holdings and gave the stock a “hold” rating in a report on Monday. KeyCorp restated an “overweight” rating and set a $75.00 price objective (up previously from $70.00) on shares of PayPal Holdings in a report on Wednesday. Finally, Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price objective on the stock in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. PayPal Holdings currently has a consensus rating of “Buy” and a consensus price target of $65.92.

About PayPal Holdings

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.

Earnings History for PayPal Holdings (NASDAQ:PYPL)

What are top analysts saying about PayPal Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for PayPal Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit