Brokerages expect that PayPal Holdings, Inc. (NASDAQ:PYPL) will announce sales of $6.22 billion for the current quarter, according to Zacks. Eleven analysts have made estimates for PayPal's earnings. The lowest sales estimate is $6.20 billion and the highest is $6.30 billion. PayPal reported sales of $5.46 billion in the same quarter last year, which indicates a positive year over year growth rate of 13.9%. The company is scheduled to report its next quarterly earnings report on Monday, November 1st.
According to Zacks, analysts expect that PayPal will report full-year sales of $25.77 billion for the current financial year, with estimates ranging from $25.66 billion to $26.03 billion. For the next year, analysts forecast that the business will report sales of $31.37 billion, with estimates ranging from $30.50 billion to $32.09 billion. Zacks Investment Research's sales calculations are an average based on a survey of sell-side research analysts that cover PayPal.
PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 28th. The credit services provider reported $1.15 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.84 by $0.31. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.32 billion. PayPal had a net margin of 20.42% and a return on equity of 20.07%. During the same quarter in the prior year, the business earned $1.07 earnings per share.
A number of analysts have recently weighed in on PYPL shares. Oppenheimer increased their price objective on shares of PayPal from $322.00 to $342.00 and gave the stock an "outperform" rating in a research note on Friday, July 9th. Piper Sandler raised their price target on shares of PayPal from $300.00 to $315.00 and gave the company an "overweight" rating in a research report on Thursday, July 29th. Evercore ISI raised their price target on shares of PayPal from $313.00 to $370.00 and gave the company an "outperform" rating in a research report on Friday, July 9th. Raymond James dropped their price target on shares of PayPal from $345.00 to $340.00 and set an "outperform" rating on the stock in a research report on Thursday, July 29th. Finally, Susquehanna raised their price target on shares of PayPal from $330.00 to $360.00 and gave the company a "positive" rating in a research report on Wednesday, July 14th. Four research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $317.74.
NASDAQ:PYPL opened at $278.11 on Friday. The firm has a market capitalization of $326.79 billion, a P/E ratio of 67.83, a PEG ratio of 3.75 and a beta of 1.15. PayPal has a 1-year low of $174.81 and a 1-year high of $310.16. The company's fifty day moving average price is $282.64 and its 200-day moving average price is $270.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.29 and a quick ratio of 1.29.
In other news, CEO Daniel H. Schulman sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 12th. The shares were sold at an average price of $275.23, for a total value of $2,752,300.00. Following the sale, the chief executive officer now directly owns 237,150 shares of the company's stock, valued at approximately $65,270,794.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Britto sold 9,000 shares of the business's stock in a transaction that occurred on Friday, July 30th. The shares were sold at an average price of $279.15, for a total transaction of $2,512,350.00. Following the completion of the sale, the executive vice president now directly owns 122,583 shares in the company, valued at $34,219,044.45. The disclosure for this sale can be found here. Insiders have sold 41,314 shares of company stock worth $11,463,923 over the last ninety days. 0.10% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in PYPL. Activest Wealth Management acquired a new position in shares of PayPal in the second quarter valued at approximately $75,000. Sunflower Bank N.A. acquired a new position in shares of PayPal in the second quarter valued at approximately $321,000. Parametric Portfolio Associates LLC grew its holdings in shares of PayPal by 3.7% in the second quarter. Parametric Portfolio Associates LLC now owns 4,383,341 shares of the credit services provider's stock valued at $1,277,656,000 after purchasing an additional 158,424 shares in the last quarter. Headinvest LLC grew its holdings in shares of PayPal by 14.5% in the second quarter. Headinvest LLC now owns 3,311 shares of the credit services provider's stock valued at $965,000 after purchasing an additional 420 shares in the last quarter. Finally, Accurate Wealth Management LLC acquired a new position in shares of PayPal in the second quarter valued at approximately $514,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.
PayPal Company Profile
PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.
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