Brokerages Anticipate PayPal (PYPL) Will Announce Earnings of $0.56 Per Share

Analysts forecast that PayPal (NASDAQ:PYPL) will announce earnings per share of $0.56 for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for PayPal’s earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.57. PayPal posted earnings per share of $0.46 in the same quarter last year, which would indicate a positive year over year growth rate of 21.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, July 25th.

According to Zacks, analysts expect that PayPal will report full-year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.36. For the next financial year, analysts expect that the company will report earnings of $2.82 per share, with EPS estimates ranging from $2.70 to $3.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow PayPal.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.59 billion. PayPal had a net margin of 13.92% and a return on equity of 12.35%. PayPal’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS.

Several brokerages have recently weighed in on PYPL. Sanford C. Bernstein began coverage on shares of PayPal in a research note on Tuesday, March 27th. They issued a “market perform” rating and a $82.00 price objective on the stock. Nomura increased their price objective on shares of PayPal to $97.00 and gave the stock a “buy” rating in a research note on Thursday, March 15th. Zacks Investment Research cut shares of PayPal from a “hold” rating to a “sell” rating in a research note on Friday, April 20th. Morgan Stanley increased their target price on shares of PayPal from $88.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, April 26th. Finally, Wedbush reissued an “outperform” rating on shares of PayPal in a report on Monday, May 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $82.80.

In related news, EVP Adele Louise Pentland sold 16,778 shares of PayPal stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $77.76, for a total transaction of $1,304,657.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William J. Ready sold 72,000 shares of PayPal stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $75.32, for a total value of $5,423,040.00. The disclosure for this sale can be found here. Insiders have sold 192,482 shares of company stock worth $14,689,631 in the last 90 days. Insiders own 0.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in PYPL. Cetera Advisors LLC raised its stake in shares of PayPal by 16.3% during the 4th quarter. Cetera Advisors LLC now owns 6,337 shares of the credit services provider’s stock worth $462,000 after buying an additional 888 shares during the period. Pinnacle Financial Partners Inc. increased its position in shares of PayPal by 5.5% during the fourth quarter. Pinnacle Financial Partners Inc. now owns 58,191 shares of the credit services provider’s stock worth $4,284,000 after purchasing an additional 3,043 shares in the last quarter. Hosking Partners LLP increased its position in shares of PayPal by 7.4% during the fourth quarter. Hosking Partners LLP now owns 1,536,153 shares of the credit services provider’s stock worth $113,092,000 after purchasing an additional 106,212 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of PayPal by 0.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 790,503 shares of the credit services provider’s stock worth $58,197,000 after purchasing an additional 4,182 shares in the last quarter. Finally, DE Burlo Group Inc. purchased a new stake in shares of PayPal during the fourth quarter worth approximately $6,287,000. 78.16% of the stock is owned by hedge funds and other institutional investors.

PayPal traded down $0.75, hitting $85.22, during midday trading on Friday, according to MarketBeat.com. 245,384 shares of the company traded hands, compared to its average volume of 7,324,787. The stock has a market capitalization of $102.06 billion, a P/E ratio of 61.37, a P/E/G ratio of 2.84 and a beta of 1.31. PayPal has a 52 week low of $52.52 and a 52 week high of $87.55.

About PayPal

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending 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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