PayPal Holdings, Inc. (NASDAQ:PYPL) to Post FY2022 Earnings of $3.02 Per Share, Jefferies Financial Group Forecasts

PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) – Analysts at Jefferies Financial Group dropped their FY2022 earnings per share (EPS) estimates for PayPal in a report issued on Tuesday, April 19th. Jefferies Financial Group analyst T. Williams now anticipates that the credit services provider will post earnings of $3.02 per share for the year, down from their previous forecast of $3.40. Jefferies Financial Group has a “Hold” rating and a $145.00 price target on the stock.

PayPal (NASDAQ:PYPL – Get Rating) last issued its quarterly earnings results on Tuesday, February 1st. The credit services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.06. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.89 billion. PayPal had a net margin of 16.43% and a return on equity of 20.30%. PayPal’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business earned $0.75 EPS.

Several other analysts also recently commented on PYPL. Mizuho cut their price objective on shares of PayPal from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, February 4th. DZ Bank downgraded shares of PayPal from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research report on Thursday, February 3rd. UBS Group dropped their price target on shares of PayPal from $263.00 to $218.00 and set a “buy” rating on the stock in a report on Wednesday, February 2nd. KeyCorp dropped their price target on shares of PayPal from $250.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, February 2nd. Finally, Barclays dropped their price target on shares of PayPal from $250.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, February 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $187.53.

Shares of PayPal stock opened at $94.90 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.22 and a quick ratio of 1.22. The company has a 50-day moving average of $108.42 and a 200 day moving average of $167.61. The firm has a market cap of $110.56 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.66 and a beta of 1.29. PayPal has a 1 year low of $92.25 and a 1 year high of $310.16.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley increased its holdings in shares of PayPal by 5.4% in the 2nd quarter. Morgan Stanley now owns 12,068,283 shares of the credit services provider’s stock valued at $3,517,662,000 after purchasing an additional 613,441 shares in the last quarter. Keudell Morrison Wealth Management boosted its position in shares of PayPal by 12.4% in the third quarter. Keudell Morrison Wealth Management now owns 3,047 shares of the credit services provider’s stock worth $793,000 after acquiring an additional 336 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of PayPal by 104.9% in the third quarter. SG Americas Securities LLC now owns 30,972 shares of the credit services provider’s stock worth $8,059,000 after acquiring an additional 662,979 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in PayPal by 52.3% in the third quarter. Miracle Mile Advisors LLC now owns 7,626 shares of the credit services provider’s stock valued at $1,982,000 after buying an additional 2,618 shares during the period. Finally, Klingman & Associates LLC raised its holdings in PayPal by 16.4% in the third quarter. Klingman & Associates LLC now owns 801 shares of the credit services provider’s stock valued at $208,000 after buying an additional 113 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

In other PayPal news, EVP Jonathan Auerbach sold 40,749 shares of the firm’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of $100.62, for a total value of $4,100,164.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank D. Yeary bought 4,500 shares of the business’s stock in a transaction on Friday, February 18th. The stock was bought at an average cost of $103.96 per share, with a total value of $467,820.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 24,894 shares of company stock worth $2,965,405. Insiders own 0.10% of the company’s stock.

PayPal Company Profile (Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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