PayPal Holdings, Inc. (PYPL) to Post Q1 2018 Earnings of $0.41 Per Share, William Blair Forecasts
PayPal Holdings, Inc. (NASDAQ:PYPL) – Equities researchers at William Blair issued their Q1 2018 earnings estimates for PayPal Holdings in a research report issued to clients and investors on Tuesday. William Blair analyst R. Napoli forecasts that the credit services provider will earn $0.41 per share for the quarter. William Blair also issued estimates for PayPal Holdings’ Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.40 EPS and Q4 2018 earnings at $0.44 EPS.
A number of other research analysts also recently issued reports on PYPL. BTIG Research boosted their price target on PayPal Holdings from $53.00 to $63.00 and gave the company a “buy” rating in a report on Monday, June 26th. BidaskClub raised PayPal Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Mizuho reissued a “neutral” rating and issued a $48.00 price target on shares of PayPal Holdings in a report on Wednesday, June 28th. Craig Hallum set a $65.00 price target on PayPal Holdings and gave the company a “buy” rating in a report on Wednesday, June 28th. Finally, Robert W. Baird reissued an “outperform” rating on shares of PayPal Holdings in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $69.07.
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PayPal Holdings (NASDAQ PYPL) traded up 5.19% during midday trading on Thursday, reaching $70.74. 28,766,212 shares of the company traded hands. PayPal Holdings has a 1-year low of $38.06 and a 1-year high of $71.73. The firm has a 50-day moving average of $64.75 and a 200-day moving average of $64.75. The stock has a market capitalization of $85.06 billion, a P/E ratio of 57.05 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC increased its holdings in PayPal Holdings by 36.1% during the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after purchasing an additional 21,814,940 shares during the period. Vanguard Group Inc. increased its holdings in PayPal Holdings by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock worth $4,173,311,000 after purchasing an additional 2,115,017 shares during the period. BlackRock Inc. increased its holdings in PayPal Holdings by 4.7% during the 2nd quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock worth $3,377,936,000 after purchasing an additional 2,835,027 shares during the period. Edgewood Management LLC increased its holdings in PayPal Holdings by 3.7% during the 1st quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock worth $798,817,000 after purchasing an additional 663,087 shares during the period. Finally, Wellington Management Group LLP increased its holdings in PayPal Holdings by 15.4% during the 1st quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock worth $637,263,000 after purchasing an additional 1,982,305 shares during the period. Institutional investors own 82.47% of the company’s stock.
In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the sale, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total value of $79,709.00. Following the sale, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028. The disclosure for this sale can be found here. In the last three months, insiders have sold 261,351 shares of company stock worth $15,302,809. 6.00% of the stock is owned by corporate insiders.
About PayPal Holdings
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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