Zacks: Brokerages Anticipate PayPal Holdings, Inc. (NASDAQ:PYPL) to Post $0.87 Earnings Per Share

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.

Several brokerages have commented on PYPL. Raymond James downgraded shares of PayPal from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 2nd. Canaccord Genuity Group lowered their price target on shares of PayPal from $315.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, February 2nd. Wolfe Research lowered their price target on shares of PayPal from $230.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, February 2nd. Susquehanna Bancshares lowered their price target on shares of PayPal from $125.00 to $115.00 in a report on Thursday, April 28th. Finally, DA Davidson lowered their price target on shares of PayPal from $166.00 to $144.00 in a report on Tuesday, April 26th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Buy” and an average target price of $152.83.

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.

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