PayPal (NASDAQ:PYPL - Get Free Report) released its earnings results on Tuesday. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.08, Zacks reports. The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 earnings per share.
PayPal Stock Performance
PYPL stock traded down $1.24 during midday trading on Friday, hitting $77.33. 10,898,920 shares of the stock traded hands, compared to its average volume of 11,286,303. The stock's fifty day simple moving average is $87.71 and its 200-day simple moving average is $79.38. The firm has a market cap of $76.50 billion, a P/E ratio of 18.46, a PEG ratio of 1.49 and a beta of 1.44. PayPal has a 1-year low of $55.77 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.
Wall Street Analyst Weigh In
PYPL has been the topic of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and set a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. BMO Capital Markets increased their target price on PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Citigroup upped their price objective on PayPal from $97.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday. Susquehanna lifted their target price on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research note on Monday, January 6th. Finally, Wolfe Research upgraded shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target on the stock in a report on Friday, December 13th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.29.
Check Out Our Latest Analysis on PYPL
About PayPal
(
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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.
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