Paypal Holdings Inc (NASDAQ:PYPL) to Post Q2 2020 Earnings of $0.64 Per Share, Piper Sandler Forecasts
Paypal Holdings Inc (NASDAQ:PYPL) – Stock analysts at Piper Sandler issued their Q2 2020 earnings per share estimates for Paypal in a report released on Monday, July 6th. Piper Sandler analyst C. Donat forecasts that the credit services provider will post earnings per share of $0.64 for the quarter. Piper Sandler has a “Overweight” rating and a $210.00 price target on the stock. Piper Sandler also issued estimates for Paypal’s Q3 2020 earnings at $0.64 EPS, Q4 2020 earnings at $0.79 EPS, FY2020 earnings at $2.55 EPS, Q1 2021 earnings at $0.69 EPS, Q2 2021 earnings at $0.78 EPS, Q3 2021 earnings at $0.75 EPS, Q4 2021 earnings at $0.94 EPS, FY2021 earnings at $3.14 EPS, Q2 2022 earnings at $0.96 EPS and FY2022 earnings at $3.90 EPS.
A number of other equities analysts have also commented on PYPL. Stephens raised their price objective on shares of Paypal from $132.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Bank of America raised their price objective on shares of Paypal from $171.00 to $194.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. KeyCorp increased their target price on shares of Paypal from $150.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Cowen increased their target price on shares of Paypal from $116.00 to $158.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Berenberg Bank reiterated a “buy” rating and issued a $205.00 target price on shares of Paypal in a research report on Thursday, June 25th. Six investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $158.58.
Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, May 6th. The credit services provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.08. Paypal had a net margin of 10.27% and a return on equity of 16.06%. The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same period last year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Paypal in the 4th quarter valued at $1,200,247,000. Capital Research Global Investors boosted its position in Paypal by 154.8% in the 1st quarter. Capital Research Global Investors now owns 14,602,398 shares of the credit services provider’s stock valued at $1,398,034,000 after buying an additional 8,872,484 shares during the last quarter. Capital World Investors boosted its position in Paypal by 18.4% in the 4th quarter. Capital World Investors now owns 21,277,408 shares of the credit services provider’s stock valued at $2,301,577,000 after buying an additional 3,307,791 shares during the last quarter. Fisher Asset Management LLC boosted its position in Paypal by 65.7% in the 1st quarter. Fisher Asset Management LLC now owns 7,003,347 shares of the credit services provider’s stock valued at $670,500,000 after buying an additional 2,775,699 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in Paypal by 628.7% in the 4th quarter. Point72 Asset Management L.P. now owns 3,090,645 shares of the credit services provider’s stock valued at $334,315,000 after buying an additional 2,666,505 shares during the last quarter. 82.84% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $144.15, for a total value of $3,603,750.00. Following the completion of the transaction, the chief executive officer now directly owns 569,603 shares of the company’s stock, valued at approximately $82,108,272.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders sold 75,000 shares of company stock worth $10,562,250. Corporate insiders own 0.12% of the company’s stock.
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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