PayPal (PYPL) to Release Quarterly Earnings on Tuesday

PayPal (NASDAQ:PYPL) is scheduled to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect PayPal to post earnings of $1.20 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.12. The company had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. On average, analysts expect PayPal to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PayPal Stock Performance

Shares of PYPL stock opened at $63.19 on Tuesday. The business has a 50-day simple moving average of $62.40 and a 200-day simple moving average of $60.00. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a market cap of $66.52 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45. PayPal has a 52-week low of $50.25 and a 52-week high of $76.54.

Analyst Ratings Changes

PYPL has been the topic of a number of analyst reports. Sanford C. Bernstein raised their price objective on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, April 18th. Daiwa Capital Markets cut shares of PayPal from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $64.00 to $62.00 in a report on Tuesday, February 13th. DZ Bank cut PayPal from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research report on Friday, February 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price target on shares of PayPal in a report on Thursday, March 21st. Finally, BMO Capital Markets dropped their price objective on PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a report on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $70.47.

Insider Transactions at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.