Brokerages forecast that PayPal Holdings, Inc. (NASDAQ:PYPL) will announce sales of $3.17 billion for the current quarter, Zacks Investment Research reports. Thirteen analysts have made estimates for PayPal Holdings’ earnings. The highest sales estimate is $3.20 billion and the lowest is $3.15 billion. PayPal Holdings posted sales of $2.67 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 19th.
On average, analysts expect that PayPal Holdings will report full year sales of $3.17 billion for the current year, with estimates ranging from $12.83 billion to $12.94 billion. For the next year, analysts forecast that the company will post sales of $15.19 billion per share, with estimates ranging from $15.02 billion to $15.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover PayPal Holdings.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the business earned $0.36 earnings per share. PayPal Holdings’s revenue was up 18.3% compared to the same quarter last year.
PYPL has been the topic of a number of recent analyst reports. TheStreet upgraded shares of PayPal Holdings from a “c” rating to a “b-” rating in a research report on Monday, July 3rd. Instinet boosted their price target on shares of PayPal Holdings from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, June 6th. Citigroup Inc. restated a “buy” rating and issued a $62.00 price target (up from $52.00) on shares of PayPal Holdings in a research report on Friday, June 9th. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 price target on the stock in a research report on Wednesday, May 17th. Finally, BidaskClub lowered shares of PayPal Holdings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. PayPal Holdings presently has a consensus rating of “Buy” and a consensus price target of $59.93.
Shares of PayPal Holdings (NASDAQ PYPL) traded up 2.34% during midday trading on Monday, hitting $62.56. 1,906,186 shares of the company’s stock traded hands. PayPal Holdings has a 1-year low of $37.54 and a 1-year high of $62.80. The company has a 50 day moving average price of $59.80 and a 200 day moving average price of $51.15. The firm has a market capitalization of $75.22 billion, a price-to-earnings ratio of 50.45 and a beta of 0.98.
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In other news, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $54.03, for a total transaction of $72,994.53. Following the completion of the sale, the executive vice president now owns 37,491 shares of the company’s stock, valued at $2,025,638.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the transaction, the director now owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. Insiders have sold 262,702 shares of company stock valued at $15,375,804 in the last three months. 6.00% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. boosted its holdings in PayPal Holdings by 36.7% during the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after purchasing an additional 649 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in PayPal Holdings during the first quarter worth $119,000. Harvest Fund Management Co. Ltd boosted its holdings in PayPal Holdings by 171.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 1,808 shares during the last quarter. Clean Yield Group acquired a new position in PayPal Holdings during the first quarter worth $127,000. Finally, MV Capital Management Inc. boosted its holdings in PayPal Holdings by 7.2% during the second quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock worth $159,000 after purchasing an additional 199 shares during the last quarter. Institutional investors and hedge funds own 82.55% of the company’s stock.
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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