PayPal (PYPL) to Release Earnings on Tuesday

PayPal (NASDAQ:PYPL) is scheduled to be releasing its earnings data before the market opens on Tuesday, April 30th. Analysts expect PayPal to post earnings of $1.21 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 earnings per share. On average, analysts expect PayPal to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PayPal Stock Up 2.9 %

PYPL stock opened at $65.96 on Monday. The stock has a market capitalization of $69.43 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.23 and a beta of 1.45. PayPal has a 52 week low of $50.25 and a 52 week high of $76.54. The firm has a 50-day simple moving average of $62.87 and a 200-day simple moving average of $60.19. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price target on shares of PayPal in a research report on Thursday, March 21st. Stephens restated an “equal weight” rating and set a $70.00 price target on shares of PayPal in a research report on Thursday, February 8th. BMO Capital Markets lowered their price target on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a research report on Thursday, February 8th. Argus lowered shares of PayPal from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $70.47.

PayPal Company Profile

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.