PayPal Holdings, Inc. (NASDAQ:PYPL) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.50-0.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.51. The company issued revenue guidance of $3.57-3.63 billion, compared to the consensus revenue estimate of $3.56 billion.
Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 67.25 on Friday. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $69.61. The firm has a market capitalization of $80.86 billion, a P/E ratio of 54.23 and a beta of 0.98. The company has a 50-day moving average price of $64.75 and a 200 day moving average price of $64.75.
PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. Analysts expect that PayPal Holdings, Inc. will post $1.84 earnings per share for the current fiscal year.
PYPL has been the topic of several research reports. BidaskClub raised shares of PayPal Holdings from a buy rating to a strong-buy rating in a report on Tuesday, June 27th. Morgan Stanley raised shares of PayPal Holdings from an equal weight rating to an overweight rating and lifted their price target for the company from $62.00 to $76.00 in a report on Wednesday, October 11th. Bank of America Corporation reaffirmed a buy rating and set a $78.00 price target (up from $71.00) on shares of PayPal Holdings in a report on Friday, October 6th. Robert W. Baird reaffirmed an outperform rating and set a $65.00 price target (up from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Finally, Credit Suisse Group reaffirmed an outperform rating on shares of PayPal Holdings in a report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. PayPal Holdings has an average rating of Buy and a consensus target price of $68.07.
In other news, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the sale, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the completion of the sale, the director now owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 261,351 shares of company stock valued at $15,302,809. Company insiders own 6.00% of the company’s stock.
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PayPal Holdings Company Profile
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.