Zacks: Brokerages Expect PayPal Holdings, Inc. (NASDAQ:PYPL) Will Post Earnings of $1.05 Per Share

Equities research analysts predict that PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) will post earnings per share of $1.05 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for PayPal’s earnings, with estimates ranging from $0.86 to $1.23. PayPal posted earnings of $1.15 per share in the same quarter last year, which would indicate a negative year over year growth rate of 8.7%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that PayPal will report full year earnings of $4.52 per share for the current financial year, with EPS estimates ranging from $3.84 to $4.78. For the next year, analysts anticipate that the business will post earnings of $5.58 per share, with EPS estimates ranging from $4.58 to $6.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover PayPal.

PayPal (NASDAQ:PYPLGet Rating) last issued its earnings results on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. PayPal had a net margin of 13.87% and a return on equity of 17.69%. During the same quarter last year, the company earned $0.91 EPS.

Several research firms have recently commented on PYPL. Wolfe Research lowered 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. Canaccord Genuity Group lowered their price target on shares of PayPal from $215.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday. Oppenheimer decreased their target price on shares of PayPal from $173.00 to $118.00 in a research report on Thursday. BTIG Research lowered shares of PayPal from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 2nd. Finally, Rosenblatt Securities decreased their target price on shares of PayPal from $227.00 to $216.00 and set a “buy” rating on the stock in a research report on Wednesday, February 2nd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and thirty have issued a buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Buy” and a consensus price target of $155.93.

PYPL stock opened at $87.93 on Monday. The company’s 50 day simple moving average is $105.26 and its 200-day simple moving average is $157.81. The firm has a market capitalization of $102.11 billion, a PE ratio of 29.02, a P/E/G ratio of 1.52 and a beta of 1.29. PayPal has a 12 month low of $82.12 and a 12 month high of $310.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.22 and a quick ratio of 1.22.

In other PayPal news, Director Frank D. Yeary purchased 4,000 shares of the firm’s stock in a transaction dated Friday, February 4th. The stock was acquired at an average cost of $124.85 per share, with a total value of $499,400.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Daniel H. Schulman purchased 7,994 shares of the firm’s stock in a transaction dated Thursday, February 3rd. The stock was acquired at an average cost of $124.57 per share, with a total value of $995,812.58. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 24,894 shares of company stock valued at $2,965,405. 0.10% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of PayPal in the 4th quarter worth approximately $1,873,879,000. Bank of Montreal Can raised its holdings in shares of PayPal by 123.0% in the 4th quarter. Bank of Montreal Can now owns 8,051,183 shares of the credit services provider’s stock worth $2,334,845,000 after purchasing an additional 4,440,194 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of PayPal by 20.6% in the 4th quarter. Fisher Asset Management LLC now owns 14,468,988 shares of the credit services provider’s stock worth $2,728,562,000 after purchasing an additional 2,476,199 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of PayPal by 144.1% in the 1st quarter. SG Americas Securities LLC now owns 586,247 shares of the credit services provider’s stock worth $67,799,000 after purchasing an additional 1,915,359 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in shares of PayPal by 66,379.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,382,103 shares of the credit services provider’s stock worth $260,637,000 after purchasing an additional 1,380,024 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

About PayPal (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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