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 3.650-3.650 for the period, compared to the consensus EPS estimate of 4.750. The company issued revenue guidance of -. PayPal also updated its Q2 2024 guidance to 0.830-0.830 EPS.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PYPL shares. Monness Crespi & Hardt upped their price objective on PayPal from $80.00 to $88.00 and gave the company a buy rating in a report on Monday. Robert W. Baird upped their price objective on PayPal from $70.00 to $77.00 and gave the company an outperform rating in a report on Wednesday. Mizuho upped their price objective on PayPal from $60.00 to $68.00 and gave the company a neutral rating in a report on Wednesday. Evercore ISI upped their price objective on PayPal from $60.00 to $65.00 and gave the company an in-line rating in a report on Wednesday. Finally, Daiwa Capital Markets cut PayPal from an outperform rating to a neutral rating and decreased their price objective for the company from $64.00 to $62.00 in a report on Tuesday, February 13th. Twenty-five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, PayPal has a consensus rating of Hold and an average target price of $72.73.

PayPal Price Performance

Shares of PYPL traded up $0.15 during mid-day trading on Thursday, hitting $66.29. The company’s stock had a trading volume of 6,331,658 shares, compared to its average volume of 16,484,373. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.47. The firm has a 50-day simple moving average of $63.39 and a 200 day simple moving average of $60.39. The firm has a market capitalization of $69.78 billion, a P/E ratio of 16.68, a P/E/G ratio of 1.26 and a beta of 1.41. PayPal has a 1-year low of $50.25 and a 1-year high of $76.54.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts predict that PayPal will post 4.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by company insiders.

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.