Zacks: Brokerages Expect Paypal Holdings Inc (PYPL) to Announce $0.52 Earnings Per Share
Wall Street analysts predict that Paypal Holdings Inc (NASDAQ:PYPL) will report $0.52 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for Paypal’s earnings, with estimates ranging from $0.51 to $0.53. Paypal reported earnings per share of $0.42 in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.8%. The company is expected to report its next quarterly earnings results on Thursday, January 25th.
According to Zacks, analysts expect that Paypal will report full year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.83 to $1.89. For the next financial year, analysts anticipate that the firm will post earnings of $2.26 per share, with EPS estimates ranging from $2.15 to $2.35. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Paypal.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The business’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS.
Several brokerages have weighed in on PYPL. Zacks Investment Research downgraded Paypal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Morgan Stanley boosted their price objective on Paypal from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Robert W. Baird reissued a “buy” rating and issued a $80.00 price objective (up previously from $65.00) on shares of Paypal in a research note on Friday, October 20th. Bank of America reissued a “buy” rating and issued a $78.00 price objective (up previously from $71.00) on shares of Paypal in a research note on Friday, October 6th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Paypal in a research note on Tuesday, September 5th. Ten investment analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $73.25.
Shares of Paypal (PYPL) opened at $73.29 on Tuesday. The stock has a market capitalization of $87,631.27, a P/E ratio of 52.08, a P/E/G ratio of 2.99 and a beta of 1.03. Paypal has a 1-year low of $39.02 and a 1-year high of $79.39.
In related news, Director Rodney C. Adkins purchased 6,750 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were bought at an average price of $74.04 per share, with a total value of $499,770.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. FMR LLC increased its holdings in Paypal by 36.1% during the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after purchasing an additional 21,814,940 shares in the last quarter. Vanguard Group Inc. increased its holdings in Paypal by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock worth $4,173,311,000 after purchasing an additional 2,115,017 shares in the last quarter. BlackRock Inc. increased its holdings in Paypal by 4.7% during the 2nd quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock worth $3,377,936,000 after purchasing an additional 2,835,027 shares in the last quarter. Fundsmith LLP increased its holdings in Paypal by 6.8% during the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after purchasing an additional 889,976 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in Paypal by 0.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 12,608,026 shares of the credit services provider’s stock worth $676,673,000 after purchasing an additional 84,888 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.
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PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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