$0.67 EPS Expected for Paypal Holdings Inc (PYPL) This Quarter

Equities analysts expect Paypal Holdings Inc (NASDAQ:PYPL) to announce earnings of $0.67 per share for the current quarter, Zacks reports. Thirteen analysts have made estimates for Paypal’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.66. Paypal reported earnings per share of $0.55 in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.8%. The business is expected to issue its next quarterly earnings report on Wednesday, January 30th.

On average, analysts expect that Paypal will report full-year earnings of $2.39 per share for the current year, with EPS estimates ranging from $2.34 to $2.42. For the next year, analysts anticipate that the firm will post earnings of $2.88 per share, with EPS estimates ranging from $2.81 to $3.04. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Paypal.

Paypal (NASDAQ:PYPL) last released its earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS.

A number of analysts recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Paypal in a research report on Thursday, August 30th. They issued a “buy” rating and a $104.00 price target on the stock. BidaskClub upgraded shares of Paypal from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 31st. Raymond James upgraded shares of Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a research report on Friday, September 14th. Bank of America increased their price target on shares of Paypal from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $110.00 price target on shares of Paypal in a research report on Wednesday, August 29th. Seven research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $94.96.

In other news, insider Daniel H. Schulman sold 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $89.57, for a total transaction of $2,328,820.00. Following the completion of the transaction, the insider now directly owns 331,506 shares of the company’s stock, valued at approximately $29,692,992.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary J. Marino sold 1,009 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $85.90, for a total transaction of $86,673.10. Following the transaction, the insider now directly owns 41,309 shares of the company’s stock, valued at $3,548,443.10. The disclosure for this sale can be found here. Insiders have sold a total of 407,213 shares of company stock valued at $34,171,688 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC grew its stake in shares of Paypal by 221.7% in the second quarter. Acadian Asset Management LLC now owns 4,498 shares of the credit services provider’s stock valued at $375,000 after buying an additional 3,100 shares in the last quarter. Dupont Capital Management Corp grew its stake in shares of Paypal by 25.6% in the second quarter. Dupont Capital Management Corp now owns 18,650 shares of the credit services provider’s stock valued at $1,553,000 after buying an additional 3,796 shares in the last quarter. SeaTown Holdings Pte. Ltd. grew its stake in shares of Paypal by 1,511.0% in the second quarter. SeaTown Holdings Pte. Ltd. now owns 159,927 shares of the credit services provider’s stock valued at $13,317,000 after buying an additional 150,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Paypal by 23.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 343,500 shares of the credit services provider’s stock valued at $28,603,000 after buying an additional 66,183 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in shares of Paypal by 19.2% in the second quarter. Synovus Financial Corp now owns 59,516 shares of the credit services provider’s stock valued at $4,951,000 after buying an additional 9,600 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Shares of NASDAQ:PYPL opened at $85.81 on Monday. The company has a market capitalization of $101.11 billion, a P/E ratio of 61.73, a PEG ratio of 2.62 and a beta of 1.23. Paypal has a fifty-two week low of $68.61 and a fifty-two week high of $93.70.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending 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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