Paypal Holdings Inc (PYPL) Expected to Announce Earnings of $0.69 Per Share

Wall Street brokerages predict that Paypal Holdings Inc (NASDAQ:PYPL) will report $0.69 earnings per share for the current quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Paypal’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.69. Paypal posted earnings per share of $0.58 in the same quarter last year, which suggests a positive year over year growth rate of 19%. The firm is scheduled to report its next earnings results on Wednesday, July 24th.

On average, analysts expect that Paypal will report full year earnings of $2.98 per share for the current fiscal year, with EPS estimates ranging from $2.85 to $3.01. For the next year, analysts anticipate that the firm will post earnings of $3.48 per share, with EPS estimates ranging from $3.40 to $3.55. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Paypal.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. Paypal had a net margin of 13.92% and a return on equity of 15.50%. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. The business’s revenue was up 12.1% on a year-over-year basis.

Several analysts have issued reports on the stock. BidaskClub downgraded shares of Paypal from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 24th. Zacks Investment Research lowered shares of Paypal from a “hold” rating to a “sell” rating in a report on Friday, February 1st. UBS Group lowered shares of Paypal from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $101.00 to $120.00 in a report on Wednesday, April 17th. Craig Hallum reaffirmed a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of Paypal in a report on Thursday, January 31st. Finally, Guggenheim downgraded shares of Paypal from a “buy” rating to a “neutral” rating and set a $90.82 price objective for the company. in a research note on Wednesday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $107.68.

Shares of PYPL traded down $0.70 during midday trading on Friday, hitting $113.17. 90,841 shares of the company traded hands, compared to its average volume of 6,060,308. Paypal has a 52 week low of $74.66 and a 52 week high of $114.66. The company has a market capitalization of $133.01 billion, a PE ratio of 63.35, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.

In other Paypal news, EVP Adele Louise Pentland sold 11,520 shares of Paypal stock in a transaction on Monday, April 29th. The shares were sold at an average price of $109.07, for a total value of $1,256,486.40. Following the completion of the transaction, the executive vice president now owns 63,408 shares of the company’s stock, valued at $6,915,910.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $112.38, for a total transaction of $3,371,400.00. Following the completion of the transaction, the insider now directly owns 553,821 shares of the company’s stock, valued at approximately $62,238,403.98. The disclosure for this sale can be found here. Insiders have sold 324,521 shares of company stock valued at $33,258,737 over the last 90 days. 0.15% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Horizon Investments LLC purchased a new position in Paypal in the first quarter valued at $463,000. Laurel Wealth Advisors Inc. purchased a new position in Paypal in the first quarter valued at $292,000. Lombard Odier Asset Management USA Corp increased its holdings in Paypal by 39.8% in the first quarter. Lombard Odier Asset Management USA Corp now owns 139,841 shares of the credit services provider’s stock valued at $14,521,000 after buying an additional 39,841 shares in the last quarter. EMS Capital LP purchased a new position in Paypal in the first quarter valued at $18,929,000. Finally, FMR LLC increased its stake in shares of Paypal by 3.8% during the first quarter. FMR LLC now owns 82,843,184 shares of the credit services provider’s stock worth $8,602,436,000 after purchasing an additional 3,002,568 shares in the last quarter. 81.68% of the stock is owned by institutional investors.

Paypal Company Profile

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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