PayPal Holdings, Inc. Declares Quarterly Dividend of $0.14 (NASDAQ:PYPL)

Key Points

• PayPal declared a quarterly dividend of $0.14 per share, with a record date of June 4 and payment on June 25, implying a dividend yield of about 1.2%.
• For the quarter ended May 5, PayPal reported EPS of $1.34 (beating the $1.27 consensus) and revenue of $8.35 billion, up 7.2% year-over-year, with a net margin of 15.77% and ROE of 25.42%.
• Analysts are mixed: MarketBeat shows a consensus rating of Hold with an average target of $56.53 (8 Buys, 32 Holds, 5 Sells), following several recent cuts to price targets.

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) declared a quarterly dividend on Monday, May 4th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 4th will be paid a dividend of 0.14 per share by the credit services provider on Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, June 4th.

PayPal Stock Performance

PYPL opened at $47.15 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.49. The company has a market cap of $42.42 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 1.45 and a beta of 1.39. The company's 50 day moving average is $46.73 and its 200 day moving average is $54.28. PayPal has a 12-month low of $38.46 and a 12-month high of $79.50.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.07. PayPal had a net margin of 15.77% and a return on equity of 25.42%. The business had revenue of $8.35 billion during the quarter, compared to analysts' expectations of $8.05 billion. During the same period in the prior year, the company earned $1.33 earnings per share. The firm's revenue was up 7.2% on a year-over-year basis. On average, equities research analysts predict that PayPal will post 5.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PYPL. Piper Sandler decreased their target price on PayPal from $76.00 to $74.00 and set a "neutral" rating on the stock in a report on Wednesday, January 14th. Stephens reduced their price target on PayPal from $65.00 to $45.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 4th. Susquehanna decreased their price objective on PayPal from $90.00 to $63.00 and set a "positive" rating on the stock in a research note on Wednesday, February 4th. Truist Financial lifted their price objective on PayPal from $39.00 to $45.00 and gave the company a "sell" rating in a research report on Friday, April 24th. Finally, Rothschild & Co Redburn cut their price objective on PayPal from $50.00 to $32.00 and set a "sell" rating for the company in a research note on Wednesday, February 11th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, PayPal presently has an average rating of "Hold" and a consensus target price of $56.53.

PayPal Company Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal's platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal's portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree's developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

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