Equities analysts forecast that Paypal Holdings Inc (NASDAQ:PYPL) will post earnings per share (EPS) of $0.54 for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Paypal’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.57. Paypal reported 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 issue its next earnings results on Wednesday, April 25th.
On average, analysts expect that Paypal will report full-year earnings of $2.28 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.35. For the next year, analysts anticipate that the firm will post earnings of $2.79 per share, with EPS estimates ranging from $2.64 to $2.99. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Paypal.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.64 billion. Paypal had a net margin of 13.71% and a return on equity of 11.59%. Paypal’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS.
In other Paypal news, VP Aaron Anderson sold 9,367 shares of Paypal stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $77.84, for a total transaction of $729,127.28. Following the transaction, the vice president now owns 18,480 shares of the company’s stock, valued at $1,438,483.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO William J. Ready sold 60,000 shares of Paypal stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $77.68, for a total transaction of $4,660,800.00. Following the transaction, 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. In the last three months, insiders sold 126,344 shares of company stock worth $9,818,481. 6.00% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the business. San Francisco Sentry Investment Group CA lifted its holdings in Paypal by 352.8% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 1,217 shares in the last quarter. Arcadia Investment Management Corp MI lifted its holdings in Paypal by 230.4% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after purchasing an additional 1,000 shares in the last quarter. Truewealth LLC purchased a new position in Paypal during the fourth quarter valued at approximately $106,000. Front Row Advisors LLC purchased a new position in Paypal during the fourth quarter valued at approximately $111,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Paypal during the third quarter valued at approximately $113,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of Paypal (NASDAQ PYPL) opened at $78.37 on Friday. The firm has a market cap of $94,280.00 and a PE ratio of 48.38. Paypal has a 12 month low of $41.70 and a 12 month high of $86.32.
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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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