Wall Street brokerages expect Paypal Holdings Inc (NASDAQ:PYPL) to announce sales of $4.34 billion for the current quarter, Zacks reports. Twelve analysts have issued estimates for Paypal’s earnings. The highest sales estimate is $4.37 billion and the lowest is $4.24 billion. Paypal posted sales of $3.68 billion in the same quarter last year, which suggests a positive year over year growth rate of 17.9%. The company is scheduled to report its next quarterly earnings results on Thursday, October 17th.
According to Zacks, analysts expect that Paypal will report full year sales of $17.73 billion for the current fiscal year, with estimates ranging from $17.58 billion to $17.79 billion. For the next financial year, analysts anticipate that the business will post sales of $20.89 billion, with estimates ranging from $20.52 billion to $21.30 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Paypal.
Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the company earned $0.58 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year.
Several analysts have recently weighed in on PYPL shares. Jefferies Financial Group lifted their target price on Paypal from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Berenberg Bank reiterated a “buy” rating and set a $125.00 target price on shares of Paypal in a research report on Friday, July 26th. BidaskClub downgraded Paypal from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. SunTrust Banks lifted their target price on Paypal to $115.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. They noted that the move was a valuation call. Finally, Oppenheimer lifted their target price on Paypal from $116.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $120.81.
In other Paypal news, EVP Aaron Karczmer sold 3,110 shares of Paypal stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the transaction, the executive vice president now owns 15,041 shares in the company, valued at $1,740,394.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $111.09, for a total value of $3,332,700.00. Following the completion of the transaction, the insider now owns 523,821 shares in the company, valued at approximately $58,191,274.89. The disclosure for this sale can be found here. Insiders sold 93,110 shares of company stock worth $10,264,058 in the last quarter. 0.15% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Semmax Financial Advisors Inc. grew its stake in shares of Paypal by 630.2% during the first quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after acquiring an additional 271 shares during the last quarter. Mcmillion Capital Management Inc. purchased a new stake in shares of Paypal during the second quarter worth about $35,000. AGF Investments LLC grew its stake in shares of Paypal by 55.6% during the second quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 110 shares during the last quarter. Private Ocean LLC grew its stake in shares of Paypal by 386.7% during the first quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 290 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Paypal during the first quarter worth about $42,000. Institutional investors own 80.71% of the company’s stock.
Shares of NASDAQ:PYPL traded up $1.21 on Wednesday, hitting $106.16. 5,840,900 shares of the company’s stock were exchanged, compared to its average volume of 8,937,762. Paypal has a 12 month low of $74.66 and a 12 month high of $121.48. The stock has a market capitalization of $121.52 billion, a price-to-earnings ratio of 59.31, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97. The business’s 50 day simple moving average is $113.60 and its two-hundred day simple moving average is $107.31.
Paypal Company Profile
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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