PayPal (PYPL) to Release Earnings on Tuesday

PayPal (NASDAQ:PYPL) will release its earnings data before the market opens on Tuesday, April 24th. Analysts expect PayPal to post earnings of $0.54 per share for the quarter. PayPal has set its Q1 guidance at $0.52 to $0.54 EPS and its FY17 guidance at $2.24 to $2.30 EPS.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. PayPal had a return on equity of 11.59% and a net margin of 13.71%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, analysts expect PayPal to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NASDAQ:PYPL opened at $78.73 on Friday. The stock has a market capitalization of $94,594.59, a PE ratio of 56.64, a PEG ratio of 2.63 and a beta of 1.28. PayPal has a 52-week low of $43.60 and a 52-week high of $86.32.

PYPL has been the subject of several recent research reports. BidaskClub cut PayPal from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 25th. Vetr upgraded PayPal from a “buy” rating to a “strong-buy” rating and set a $82.59 price target for the company in a research report on Monday, January 1st. Zacks Investment Research cut PayPal from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Mizuho reiterated a “hold” rating and set a $75.00 price target on shares of PayPal in a research report on Thursday, January 4th. Finally, Cowen upgraded PayPal from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $79.05 to $88.00 in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the stock. PayPal has a consensus rating of “Buy” and a consensus target price of $78.28.

In other news, VP Aaron Anderson sold 9,367 shares of PayPal stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $77.84, for a total value of $729,127.28. Following the sale, the vice president now directly owns 18,480 shares of the company’s stock, valued at $1,438,483.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO William J. Ready sold 60,000 shares of PayPal stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $77.68, for a total value of $4,660,800.00. Following the completion of the sale, the chief operating officer now directly owns 95,944 shares in the company, valued at $7,452,929.92. The disclosure for this sale can be found here. Insiders sold 222,413 shares of company stock worth $17,321,428 over the last ninety days. Corporate insiders own 6.00% of the company’s stock.

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About PayPal

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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