Paypal (NASDAQ:PYPL) Issues Earnings Results, Beats Estimates By $0.46 EPS

Paypal (NASDAQ:PYPL) released its quarterly earnings data on Wednesday. The credit services provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.46, MarketWatch Earnings reports. Paypal had a return on equity of 16.17% and a net margin of 13.44%. The business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year.

NASDAQ:PYPL traded up $3.56 during trading hours on Friday, hitting $196.07. 10,865,370 shares of the company’s stock traded hands, compared to its average volume of 7,571,171. The firm has a market cap of $230.18 billion, a P/E ratio of 89.94, a P/E/G ratio of 5.42 and a beta of 1.19. Paypal has a twelve month low of $82.07 and a twelve month high of $198.66. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.38. The stock’s fifty day moving average price is $172.13 and its two-hundred day moving average price is $133.02.

A number of research analysts recently issued reports on the company. Wedbush boosted their price objective on Paypal from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Co boosted their price target on Paypal from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday. BidaskClub lowered Paypal from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 15th. Royal Bank of Canada boosted their price target on Paypal from $192.00 to $212.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, BTIG Research reiterated a “hold” rating on shares of Paypal in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $190.13.

In related news, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $155.67, for a total transaction of $3,891,750.00. Following the transaction, the chief executive officer now directly owns 546,103 shares of the company’s stock, valued at $85,011,854.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 75,000 shares of company stock worth $10,562,250 over the last three months. 0.12% of the stock is owned by insiders.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Earnings History for Paypal (NASDAQ:PYPL)

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