Equities Analysts Offer Predictions for Paypal Holdings Inc’s Q1 2020 Earnings (PYPL)

Equities Analysts Offer Predictions for Paypal Holdings Inc’s Q1 2020 Earnings (PYPL)

Paypal Holdings Inc (NASDAQ:PYPL) – Research analysts at Wedbush issued their Q1 2020 earnings per share (EPS) estimates for shares of Paypal in a note issued to investors on Tuesday, April 23rd. Wedbush analyst M. Katri anticipates that the credit services provider will post earnings of $0.60 per share for the quarter. Wedbush currently has a “Outperform” rating and a $110.00 price objective on the stock. Wedbush also issued estimates for Paypal’s Q2 2020 earnings at $0.63 EPS, Q3 2020 earnings at $0.63 EPS, Q4 2020 earnings at $0.75 EPS and FY2020 earnings at $2.61 EPS.

A number of other equities research analysts also recently issued reports on PYPL. BidaskClub downgraded shares of Paypal from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research raised shares of Paypal from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Loop Capital increased their price target on shares of Paypal to $100.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Barclays increased their price target on shares of Paypal from $117.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Finally, KeyCorp increased their price target on shares of Paypal from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday. Ten equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $101.93.

Shares of NASDAQ:PYPL opened at $106.90 on Wednesday. The stock has a market cap of $125.85 billion, a price-to-earnings ratio of 59.72, a price-to-earnings-growth ratio of 2.81 and a beta of 1.03. Paypal has a twelve month low of $70.22 and a twelve month high of $109.00.

Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.23 billion. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $0.55 earnings per share.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Investec Asset Management PTY Ltd raised its position in shares of Paypal by 2.7% in the 1st quarter. Investec Asset Management PTY Ltd now owns 33,290 shares of the credit services provider’s stock worth $3,455,000 after purchasing an additional 866 shares during the last quarter. Bristlecone Advisors LLC raised its position in Paypal by 2.3% in the 1st quarter. Bristlecone Advisors LLC now owns 26,370 shares of the credit services provider’s stock worth $2,738,000 after buying an additional 596 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Paypal in the 1st quarter worth about $1,589,000. McGuire Investment Group LLC purchased a new position in Paypal in the 1st quarter worth about $221,000. Finally, Boston Advisors LLC purchased a new position in Paypal in the 1st quarter worth about $9,852,000. 81.34% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $96.09, for a total value of $2,882,700.00. Following the completion of the transaction, the insider now owns 532,140 shares of the company’s stock, valued at approximately $51,133,332.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Aaron Karczmer sold 3,677 shares of Paypal stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $94.44, for a total value of $347,255.88. Following the completion of the transaction, the executive vice president now directly owns 11,399 shares of the company’s stock, valued at approximately $1,076,521.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 280,295 shares of company stock valued at $26,469,952. 0.20% 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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