PayPal (PYPL) to Release Quarterly Earnings on Tuesday

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

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

PayPal Price Performance

Shares of PayPal stock opened at $65.96 on Friday. The business has a 50 day simple moving average of $62.87 and a two-hundred day simple moving average of $60.18. PayPal has a 12 month low of $50.25 and a 12 month high of $76.54. The stock has a market capitalization of $69.43 billion, a P/E ratio of 17.18, a PEG ratio of 1.19 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29.

Analysts Set New Price Targets

Several research firms recently commented on PYPL. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Friday, January 5th. JMP Securities increased their price target on PayPal from $68.00 to $70.00 and gave the company a “market outperform” rating in a report on Wednesday, April 17th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price target on shares of PayPal in a report on Thursday, February 8th. Sanford C. Bernstein increased their price target on PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Finally, Citigroup cut their price target on PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $70.47.

Insider Activity at PayPal

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 stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by corporate insiders.

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.