PayPal (NASDAQ:PYPL) Issues FY22 Earnings Guidance

PayPal (NASDAQ:PYPLGet Rating) updated its FY22 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.81-$3.93 for the period, compared to the Thomson Reuters consensus estimate of $4.62. The company issued revenue guidance of $28.2-$28.7 billion, compared to the consensus revenue estimate of $29.26 billion.PayPal also updated its Q2 guidance to $0.86 EPS.

Several brokerages have weighed in on PYPL. StockNews.com raised shares of PayPal from a sell rating to a hold rating in a report on Wednesday, April 20th. Susquehanna Bancshares reduced their price target on shares of PayPal from $125.00 to $115.00 in a research report on Thursday. Wolfe Research reduced their price target on shares of PayPal from $230.00 to $160.00 and set an outperform rating on the stock in a research report on Wednesday, February 2nd. JPMorgan Chase & Co. reduced their price target on shares of PayPal from $272.00 to $190.00 and set an overweight rating on the stock in a research report on Wednesday, February 2nd. Finally, Morgan Stanley reduced their price target on shares of PayPal from $190.00 to $139.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Buy and an average target price of $155.93.

Shares of PYPL traded down $4.16 during trading hours on Friday, hitting $87.93. 24,872,396 shares of the company were exchanged, compared to its average volume of 15,927,011. The company has a market capitalization of $102.11 billion, a PE ratio of 29.02, a PEG ratio of 1.36 and a beta of 1.29. 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 firm has a fifty day simple moving average of $105.26 and a 200-day simple moving average of $159.25. PayPal has a one year low of $82.12 and a one year high of $310.16.

PayPal (NASDAQ:PYPLGet Rating) last released its earnings results on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.88. PayPal had a return on equity of 17.69% and a net margin of 13.87%. During the same period last year, the company earned $0.91 earnings per share. Sell-side analysts expect that PayPal will post 3.36 EPS for the current year.

In related news, EVP Peggy Alford sold 4,245 shares of the stock in a transaction on Friday, February 4th. The stock was sold at an average price of $124.34, for a total transaction of $527,823.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Auerbach sold 40,749 shares of the 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 disclosure for this sale can be found here. Insiders bought 24,894 shares of company stock valued at $2,965,405 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Several large investors have recently made changes to their positions in PYPL. Morgan Stanley raised its holdings in shares of PayPal by 5.4% during the second quarter. Morgan Stanley now owns 12,068,283 shares of the credit services provider’s stock worth $3,517,662,000 after acquiring an additional 613,441 shares in the last quarter. Hardman Johnston Global Advisors LLC raised its holdings in shares of PayPal by 18.4% during the fourth quarter. Hardman Johnston Global Advisors LLC now owns 96,755 shares of the credit services provider’s stock worth $18,246,000 after acquiring an additional 15,060 shares in the last quarter. Lombard Odier Asset Management USA Corp purchased a new stake in shares of PayPal during the fourth quarter worth $347,000. EverSource Wealth Advisors LLC bought a new position in PayPal during the fourth quarter valued at about $343,000. Finally, Vident Investment Advisory LLC raised its holdings in PayPal by 2.8% during the fourth quarter. Vident Investment Advisory LLC now owns 16,349 shares of the credit services provider’s stock valued at $3,082,000 after buying an additional 441 shares in the last quarter. Institutional investors and hedge funds own 78.38% 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.

See Also

Earnings History and Estimates for PayPal (NASDAQ:PYPL)

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