PayPal (NASDAQ:PYPL) is scheduled to be announcing its earnings results before the market opens on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. PayPal has set its Q1 guidance at $0.52 to $0.54 EPS and its FY17 guidance at $2.24 to $2.30 EPS.
PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.64 billion. PayPal had a return on equity of 11.59% and a net margin of 13.71%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, analysts expect PayPal to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of PYPL stock opened at $77.80 on Tuesday. The company has a market capitalization of $91,733.48, a P/E ratio of 55.97, a P/E/G ratio of 2.55 and a beta of 1.28. PayPal has a 1 year low of $42.60 and a 1 year high of $86.32.
Several equities research analysts recently issued reports on PYPL shares. Cowen upgraded PayPal from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $79.05 to $88.00 in a research note on Tuesday, January 9th. Jefferies Group boosted their price target on PayPal from $86.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Zacks Investment Research upgraded PayPal from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Wednesday, December 20th. Goldman Sachs reiterated a “buy” rating and issued a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Thursday, December 21st. Finally, Nomura boosted their price target on PayPal to $97.00 and gave the company a “buy” rating in a research note on Thursday, March 15th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company. PayPal has a consensus rating of “Buy” and a consensus target price of $77.71.
In other news, insider Daniel H. Schulman sold 26,000 shares of the stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $75.90, for a total value of $1,973,400.00. Following the completion of the transaction, the insider now directly owns 346,300 shares in the company, valued at approximately $26,284,170. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Adele Louise Pentland sold 6,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $78.11, for a total value of $468,660.00. Following the completion of the sale, the executive vice president now owns 46,045 shares of the company’s stock, valued at $3,596,574.95. The disclosure for this sale can be found here. Insiders sold a total of 222,413 shares of company stock valued at $17,321,428 over the last quarter. 6.00% of the stock is owned by corporate insiders.
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PayPal Company Profile
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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