Brokerages expect PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) to announce $0.87 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for PayPal’s earnings. The lowest EPS estimate is $0.84 and the highest is $0.90. PayPal reported earnings per share of $1.15 in the same quarter last year, which would suggest a negative year-over-year growth rate of 24.3%. The company is expected to issue its next earnings report on Monday, January 1st.
On average, analysts expect that PayPal will report full-year earnings of $4.00 per share for the current year, with EPS estimates ranging from $3.72 to $4.66. For the next fiscal year, analysts anticipate that the business will report earnings of $4.84 per share, with EPS estimates ranging from $3.98 to $5.88. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow PayPal.
PayPal (NASDAQ:PYPL – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The credit services provider reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. PayPal had a net margin of 13.87% and a return on equity of 17.90%. During the same quarter in the prior year, the company earned $0.91 earnings per share.
PYPL traded down $0.74 during trading on Friday, hitting $80.54. 16,887,352 shares of the stock traded hands, compared to its average volume of 20,795,098. PayPal has a twelve month low of $71.83 and a twelve month high of $310.16. The company has a market cap of $93.27 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 1.73 and a beta of 1.39. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.19 and a quick ratio of 1.19. The business has a 50 day moving average price of $99.22 and a 200 day moving average price of $141.23.
In related news, EVP Jonathan Auerbach sold 40,749 shares of the company’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $100.62, for a total value of $4,100,164.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Peggy Alford sold 14,767 shares of the company’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $85.32, for a total transaction of $1,259,920.44. Following the completion of the sale, the executive vice president now owns 39,891 shares in the company, valued at approximately $3,403,500.12. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of PYPL. Norges Bank purchased a new stake in PayPal in the 4th quarter valued at about $1,873,879,000. Loomis Sayles & Co. L P increased its stake in PayPal by 410.9% in the 1st quarter. Loomis Sayles & Co. L P now owns 7,060,926 shares of the credit services provider’s stock valued at $816,596,000 after buying an additional 5,678,823 shares during the last quarter. Polen Capital Management LLC increased its stake in PayPal by 72.8% in the 1st quarter. Polen Capital Management LLC now owns 12,911,679 shares of the credit services provider’s stock valued at $1,493,236,000 after buying an additional 5,438,958 shares during the last quarter. Bank of Montreal Can increased its stake in 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 valued at $2,334,845,000 after buying an additional 4,440,194 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in PayPal by 122.0% in the 1st quarter. Clearbridge Investments LLC now owns 6,230,481 shares of the credit services provider’s stock valued at $720,555,000 after buying an additional 3,424,122 shares during the last quarter. Hedge funds and other institutional investors own 75.90% 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.
- Get a free copy of the StockNews.com research report on PayPal (PYPL)
- MarketBeat: Week in Review 5/16 – 5/20
- 3 Retailers That Defied First Quarter Headwinds
- Will John Deere’s Earnings Help to Calm the Markets?
- Rapid7: Could Be Profitable in FY 2022 Despite Bear Market
- Lowe’s Companies Has Not Bottomed
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.