$4.34 Billion in Sales Expected for Paypal Holdings Inc (NASDAQ:PYPL) This Quarter

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Brokerages expect Paypal Holdings Inc (NASDAQ:PYPL) to report $4.34 billion in sales for the current quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Paypal’s earnings, with estimates ranging from $4.24 billion to $4.37 billion. Paypal posted sales of $3.68 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 17.9%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, October 23rd.

According to Zacks, analysts expect that Paypal will report full year sales of $17.72 billion for the current year, with estimates ranging from $17.58 billion to $17.79 billion. For the next fiscal year, analysts forecast that the business will report sales of $20.85 billion, with estimates ranging from $20.64 billion to $21.30 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Paypal.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.12. The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share.

A number of analysts recently weighed in on the stock. Citigroup upped their price objective on shares of Paypal from $124.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Wells Fargo & Co upped their price objective on shares of Paypal from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Berenberg Bank reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Paypal in a research note on Friday, July 26th. Bank of America reaffirmed a “buy” rating and issued a $127.00 price objective (down from $131.00) on shares of Paypal in a research note on Friday, September 13th. Finally, Raymond James lowered their price objective on shares of Paypal from $129.00 to $122.00 and set an “outperform” rating for the company in a research note on Thursday, September 19th. Nine equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $122.81.

In other Paypal news, EVP Jonathan Auerbach sold 2,024 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $106.07, for a total transaction of $214,685.68. Following the completion of the sale, the executive vice president now directly owns 118,844 shares of the company’s stock, valued at $12,605,783.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Aaron Karczmer sold 3,110 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $115.71, for a total transaction of $359,858.10. Following the sale, the executive vice president now directly owns 15,041 shares of the company’s stock, valued at $1,740,394.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,417 shares of company stock valued at $14,511,700. Insiders own 0.15% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Paypal by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 89,109,876 shares of the credit services provider’s stock valued at $10,199,516,000 after purchasing an additional 1,274,702 shares during the last quarter. BlackRock Inc. increased its holdings in Paypal by 1.6% in the 2nd quarter. BlackRock Inc. now owns 74,983,829 shares of the credit services provider’s stock worth $8,582,649,000 after buying an additional 1,194,180 shares during the period. Invesco Ltd. increased its holdings in Paypal by 37.9% in the 2nd quarter. Invesco Ltd. now owns 20,557,665 shares of the credit services provider’s stock worth $2,353,030,000 after buying an additional 5,654,831 shares during the period. Nuveen Asset Management LLC increased its holdings in Paypal by 6,747.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 18,861,956 shares of the credit services provider’s stock worth $2,158,939,000 after buying an additional 18,586,493 shares during the period. Finally, Edgewood Management LLC increased its holdings in Paypal by 0.7% in the 2nd quarter. Edgewood Management LLC now owns 16,863,040 shares of the credit services provider’s stock worth $1,930,144,000 after buying an additional 122,291 shares during the period. 80.58% of the stock is owned by hedge funds and other institutional investors.

NASDAQ PYPL opened at $101.22 on Monday. The company’s 50-day moving average price is $104.61 and its 200-day moving average price is $109.71. The stock has a market cap of $121.94 billion, a PE ratio of 56.55, a PEG ratio of 2.38 and a beta of 0.96. Paypal has a 12 month low of $75.47 and a 12 month high of $121.48.

About Paypal

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 and Estimates for Paypal (NASDAQ:PYPL)

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