PayPal (NASDAQ:PYPL) Issues FY 2024 Earnings Guidance

PayPal (NASDAQ:PYPL) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 3.920-3.960 for the period, compared to the consensus EPS estimate of 4.460. The company issued revenue guidance of -. PayPal also updated its Q4 2024 guidance to 1.030-1.070 EPS.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. upped their price objective on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Robert W. Baird increased their price target on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Jefferies Financial Group dropped their price target on PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Seventeen equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.03.

PayPal Stock Up 1.8 %

Shares of PYPL traded up $1.43 during mid-day trading on Thursday, reaching $79.65. The company’s stock had a trading volume of 10,565,715 shares, compared to its average volume of 13,627,578. The business has a fifty day moving average of $76.24 and a 200 day moving average of $67.48. The company has a market cap of $83.32 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. PayPal has a 1 year low of $50.80 and a 1 year high of $83.70. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.12. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. As a group, analysts forecast that PayPal will post 4.44 earnings per share for the current fiscal year.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.