PayPal (PYPL) Set to Announce Earnings on Tuesday

PayPal (NASDAQ:PYPL) will release its earnings data before the market opens on Tuesday, October 29th. Analysts expect PayPal to post earnings of $1.07 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The firm’s quarterly revenue was up 8.2% 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 Trading Up 0.4 %

Shares of PayPal stock opened at $81.70 on Friday. The stock has a market capitalization of $85.46 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.50 and a beta of 1.44. PayPal has a 52-week low of $50.25 and a 52-week high of $82.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s 50-day simple moving average is $75.65 and its 200 day simple moving average is $67.16.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PYPL. Keefe, Bruyette & Woods restated an “outperform” rating and set a $78.00 price target on shares of PayPal in a research note on Wednesday, September 18th. StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank of Canada reiterated an “outperform” rating and set a $84.00 price objective on shares of PayPal in a research note on Wednesday, July 31st. TD Cowen raised their target price on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Sanford C. Bernstein cut PayPal from an “outperform” rating to a “market perform” rating and upped their price target for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Seventeen equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.03.

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.