Zacks: Analysts Anticipate Paypal Holdings Inc (PYPL) Will Post Earnings of $0.67 Per Share

Wall Street analysts expect Paypal Holdings Inc (NASDAQ:PYPL) to report $0.67 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Thirteen analysts have provided estimates for Paypal’s earnings. The highest EPS estimate is $0.69 and the lowest is $0.66. Paypal posted earnings per share of $0.55 in the same quarter last year, which indicates a positive year-over-year growth rate of 21.8%. The business is expected to report its next quarterly earnings report on Wednesday, January 30th.

On average, analysts expect that Paypal will report full year earnings of $2.39 per share for the current financial year, with EPS estimates ranging from $2.34 to $2.42. For the next financial year, analysts forecast that the business will report earnings of $2.88 per share, with EPS estimates ranging from $2.81 to $3.04. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Paypal.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 18th. The credit services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share.

A number of research firms have commented on PYPL. Raymond James raised Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 price target for the company in a research report on Friday, September 14th. BMO Capital Markets increased their target price on Paypal from $112.00 to $119.00 and gave the stock an “outperform” rating in a research report on Friday, October 19th. Bank of America increased their target price on Paypal from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, September 11th. UBS Group raised Paypal from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Finally, BTIG Research raised Paypal from a “neutral” rating to a “buy” rating and increased their target price for the stock from $81.00 to $95.00 in a research report on Friday, October 19th. Seven equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $94.96.

PYPL stock traded up $0.61 during trading on Monday, hitting $84.80. 6,127,665 shares of the company traded hands, compared to its average volume of 7,933,335. The stock has a market capitalization of $99.21 billion, a PE ratio of 61.01, a P/E/G ratio of 2.57 and a beta of 1.22. Paypal has a 1 year low of $69.61 and a 1 year high of $93.70.

In other news, EVP Adele Louise Pentland sold 8,149 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $84.68, for a total transaction of $690,057.32. Following the completion of the sale, the executive vice president now owns 61,056 shares in the company, valued at approximately $5,170,222.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William J. Ready sold 27,458 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $85.89, for a total transaction of $2,358,367.62. Following the sale, the chief operating officer now owns 85,485 shares of the company’s stock, valued at approximately $7,342,306.65. The disclosure for this sale can be found here. Insiders have sold a total of 407,213 shares of company stock valued at $34,171,688 in the last 90 days. Insiders own 0.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in PYPL. Whitener Capital Management Inc. purchased a new position in shares of Paypal during the 3rd quarter worth approximately $102,000. Archford Capital Strategies LLC boosted its position in shares of Paypal by 92.6% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 625 shares during the period. Lucia Wealth Services LLC purchased a new position in shares of Paypal during the 3rd quarter worth approximately $115,000. Patton Albertson Miller Group LLC purchased a new position in shares of Paypal during the 3rd quarter worth approximately $126,000. Finally, Landaas & Co. WI ADV purchased a new position in shares of Paypal during the 2nd quarter worth approximately $135,000. Institutional investors and hedge funds own 80.52% of the company’s stock.

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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