Equities analysts predict that Paypal Holdings Inc (NASDAQ:PYPL) will post sales of $4.24 billion for the current quarter, according to Zacks Investment Research. Thirteen analysts have issued estimates for Paypal’s earnings, with the highest sales estimate coming in at $4.28 billion and the lowest estimate coming in at $4.20 billion. Paypal reported sales of $3.74 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 13.4%. The business is scheduled to issue its next quarterly earnings results on Wednesday, January 30th.
On average, analysts expect that Paypal will report full year sales of $15.46 billion for the current financial year, with estimates ranging from $15.43 billion to $15.50 billion. For the next fiscal year, analysts anticipate that the company will report sales of $18.08 billion, with estimates ranging from $17.97 billion to $18.27 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Paypal.
Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Paypal from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research note on Wednesday, October 24th. BidaskClub downgraded Paypal from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Stifel Nicolaus boosted their price objective on Paypal to $108.00 and gave the company a “buy” rating in a research note on Friday, October 19th. Bank of America boosted their price objective on Paypal from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. Finally, SunTrust Banks cut their price objective on Paypal to $88.00 and set a “hold” rating for the company in a research note on Friday, October 19th. Seven investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $94.96.
Shares of Paypal stock traded down $3.05 during trading hours on Wednesday, reaching $82.77. 7,881,977 shares of the stock traded hands, compared to its average volume of 7,632,657. The company has a market cap of $101.13 billion, a P/E ratio of 59.55, a P/E/G ratio of 2.62 and a beta of 1.22. Paypal has a one year low of $70.22 and a one year high of $93.70.
In related news, EVP Adele Louise Pentland sold 8,149 shares of the stock in a transaction on Monday, October 29th. The stock was sold at an average price of $84.68, for a total transaction of $690,057.32. Following the sale, the executive vice president now owns 61,056 shares in the company, valued at approximately $5,170,222.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary J. Marino sold 1,009 shares of the stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $85.90, for a total value of $86,673.10. Following the sale, the insider now owns 41,309 shares in the company, valued at approximately $3,548,443.10. The disclosure for this sale can be found here. Insiders have sold a total of 407,213 shares of company stock worth $34,171,688 over the last ninety days. Insiders own 0.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. grew its position in Paypal by 50.8% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock valued at $142,000 after acquiring an additional 580 shares during the last quarter. M&R Capital Management Inc. grew its position in Paypal by 10.5% in the 2nd quarter. M&R Capital Management Inc. now owns 6,180 shares of the credit services provider’s stock valued at $514,000 after acquiring an additional 585 shares during the last quarter. Asset Dedication LLC grew its position in Paypal by 11.1% in the 3rd quarter. Asset Dedication LLC now owns 5,858 shares of the credit services provider’s stock valued at $517,000 after acquiring an additional 586 shares during the last quarter. Twin Capital Management Inc. grew its position in Paypal by 1.0% in the 2nd quarter. Twin Capital Management Inc. now owns 58,010 shares of the credit services provider’s stock valued at $4,830,000 after acquiring an additional 600 shares during the last quarter. Finally, Columbia Asset Management grew its position in Paypal by 4.4% in the 3rd quarter. Columbia Asset Management now owns 14,402 shares of the credit services provider’s stock valued at $1,265,000 after acquiring an additional 607 shares during the last quarter. Institutional investors own 80.52% of the company’s stock.
Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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