$6.82 Billion in Sales Expected for PayPal Holdings, Inc. (NASDAQ:PYPL) This Quarter

Equities research analysts predict that PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) will post $6.82 billion in sales for the current quarter, according to Zacks. Twelve analysts have made estimates for PayPal’s earnings, with estimates ranging from $6.74 billion to $6.99 billion. PayPal posted sales of $6.24 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.3%. The business is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that PayPal will report full-year sales of $28.28 billion for the current financial year, with estimates ranging from $28.16 billion to $28.44 billion. For the next fiscal year, analysts expect that the business will post sales of $32.89 billion, with estimates ranging from $31.80 billion to $35.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover PayPal.

PayPal (NASDAQ:PYPL – Get Rating) last issued its earnings results on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share 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 period in the prior year, the business earned $0.91 EPS.

A number of equities research analysts recently issued reports on PYPL shares. Jefferies Financial Group lowered their target price on shares of PayPal from $105.00 to $95.00 in a report on Thursday, April 28th. KeyCorp reduced their target price on shares of PayPal from $250.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 2nd. Mizuho cut their price target on shares of PayPal from $175.00 to $120.00 in a report on Monday, May 2nd. The Goldman Sachs Group began coverage on shares of PayPal in a report on Wednesday, March 30th. They issued a “buy” rating and a $144.00 price target on the stock. Finally, Royal Bank of Canada dropped their target price on shares of PayPal from $180.00 to $118.00 and set an “outperform” rating on the stock in a report on Friday, April 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $152.83.

In related news, Director Enrique Lores bought 1,100 shares of the stock in a transaction that occurred on Wednesday, May 4th. The shares were bought at an average cost of $88.13 per share, for a total transaction of $96,943.00. Following the completion of the transaction, the director now owns 5,235 shares of the company’s stock, valued at $461,360.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Auerbach sold 40,749 shares of the business’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 disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Verity Asset Management Inc. increased its position in shares of PayPal by 15.3% in the 1st quarter. Verity Asset Management Inc. now owns 13,581 shares of the credit services provider’s stock valued at $1,571,000 after acquiring an additional 1,805 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of PayPal by 21.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,771,992 shares of the credit services provider’s stock worth $205,283,000 after acquiring an additional 307,481 shares in the last quarter. Resources Management Corp CT ADV lifted its stake in PayPal by 56.7% in the 1st quarter. Resources Management Corp CT ADV now owns 11,028 shares of the credit services provider’s stock valued at $1,275,000 after buying an additional 3,990 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in PayPal by 66.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 45,066 shares of the credit services provider’s stock valued at $5,212,000 after buying an additional 18,058 shares in the last quarter. Finally, Golden State Equity Partners purchased a new position in PayPal in the 1st quarter valued at about $334,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

NASDAQ:PYPL opened at $81.18 on Tuesday. The firm has a 50 day simple moving average of $98.84 and a 200-day simple moving average of $139.60. 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 firm has a market cap of $94.01 billion, a PE ratio of 26.79, a P/E/G ratio of 1.73 and a beta of 1.39. PayPal has a 1-year low of $71.83 and a 1-year high of $310.16.

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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