PayPal (NASDAQ:PYPL) Releases Q4 2024 Earnings Guidance

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

Analysts Set New Price Targets

PYPL has been the topic of a number of research reports. Robert W. Baird lifted their target price on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank of Canada upped their target price on PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. JPMorgan Chase & Co. lifted their price target on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Mizuho increased their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Seventeen investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.03.

PayPal Price Performance

NASDAQ PYPL opened at $78.81 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.24. PayPal has a 1-year low of $52.55 and a 1-year high of $83.70. The stock has a market capitalization of $79.01 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.40 and a beta of 1.44. The business’s fifty day moving average price is $76.39 and its 200-day moving average price is $67.56.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.12. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s revenue 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. On average, equities analysts predict that PayPal will post 4.54 earnings per share for the current year.

PayPal Company Profile

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.