Paypal Holdings Inc (NASDAQ:PYPL) Expected to Post Earnings of $0.70 Per Share

Wall Street analysts predict that Paypal Holdings Inc (NASDAQ:PYPL) will report earnings of $0.70 per share for the current quarter, according to Zacks. Twelve analysts have made estimates for Paypal’s earnings. The highest EPS estimate is $0.71 and the lowest is $0.67. Paypal posted earnings per share of $0.58 in the same quarter last year, which indicates a positive year-over-year growth rate of 20.7%. The company is scheduled to issue its next quarterly earnings report on Thursday, October 17th.

On average, analysts expect that Paypal will report full-year earnings of $3.12 per share for the current fiscal year, with EPS estimates ranging from $2.90 to $3.17. For the next fiscal year, analysts expect that the company will report earnings of $3.50 per share, with EPS estimates ranging from $3.35 to $3.72. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Paypal.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.12. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the business earned $0.58 EPS. Paypal’s quarterly revenue was up 11.7% compared to the same quarter last year.



Several equities research analysts recently issued reports on PYPL shares. Jefferies Financial Group lifted their price objective on shares of Paypal from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Bank of America reissued a “buy” rating and set a $131.00 target price (up previously from $123.00) on shares of Paypal in a research report on Thursday, June 13th. BTIG Research set a $130.00 target price on shares of Paypal and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Guggenheim raised shares of Paypal from a “sell” rating to a “neutral” rating in a research report on Tuesday, August 13th. Finally, Nomura boosted their target price on shares of Paypal from $123.00 to $139.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Paypal presently has an average rating of “Buy” and an average price target of $120.81.

Shares of PYPL stock traded up $1.51 on Monday, hitting $107.67. The company’s stock had a trading volume of 5,712,966 shares, compared to its average volume of 6,895,868. Paypal has a fifty-two week low of $74.66 and a fifty-two week high of $121.48. The firm’s fifty day moving average price is $113.14 and its 200-day moving average price is $107.29. The stock has a market capitalization of $123.49 billion, a price-to-earnings ratio of 60.15, a P/E/G ratio of 2.42 and a beta of 0.97.

In other news, EVP Aaron Karczmer sold 3,110 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $115.71, for a total transaction of $359,858.10. Following the transaction, the executive vice president now owns 15,041 shares in the company, valued at approximately $1,740,394.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $111.09, for a total transaction of $3,332,700.00. Following the transaction, the insider now owns 523,821 shares in the company, valued at approximately $58,191,274.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,110 shares of company stock worth $10,264,058. Insiders own 0.15% of the company’s stock.

Several large investors have recently bought and sold shares of PYPL. Nuveen Asset Management LLC increased its holdings in shares of Paypal by 6,747.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 18,861,956 shares of the credit services provider’s stock worth $2,158,939,000 after purchasing an additional 18,586,493 shares during the period. Invesco Ltd. increased its stake in Paypal by 37.9% in the second quarter. Invesco Ltd. now owns 20,557,665 shares of the credit services provider’s stock valued at $2,353,030,000 after acquiring an additional 5,654,831 shares during the period. FMR LLC increased its stake in Paypal by 3.8% in the first quarter. FMR LLC now owns 82,843,184 shares of the credit services provider’s stock valued at $8,602,436,000 after acquiring an additional 3,002,568 shares during the period. Vanguard Group Inc. increased its stake in Paypal by 1.5% in the second quarter. Vanguard Group Inc. now owns 89,109,876 shares of the credit services provider’s stock valued at $10,199,516,000 after acquiring an additional 1,274,702 shares during the period. Finally, Thoroughbred Financial Services LLC increased its stake in Paypal by 11,307.3% in the second quarter. Thoroughbred Financial Services LLC now owns 1,213,390 shares of the credit services provider’s stock valued at $121,339,000 after acquiring an additional 1,202,753 shares during the period. Institutional investors own 80.13% of the company’s stock.

About Paypal

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send 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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