Paypal Holdings Inc (NASDAQ:PYPL) Expected to Post Quarterly Sales of $4.33 Billion

Wall Street brokerages predict that Paypal Holdings Inc (NASDAQ:PYPL) will announce sales of $4.33 billion for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have made estimates for Paypal’s earnings. The lowest sales estimate is $4.32 billion and the highest is $4.35 billion. Paypal posted sales of $3.86 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 12.2%. The company is expected to report its next quarterly earnings report on Wednesday, July 24th.

On average, analysts expect that Paypal will report full year sales of $18.00 billion for the current financial year, with estimates ranging from $17.96 billion to $18.18 billion. For the next financial year, analysts forecast that the company will report sales of $21.09 billion, with estimates ranging from $20.67 billion to $21.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Paypal.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.11. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.13 billion. Paypal had a return on equity of 15.50% and a net margin of 13.92%. Paypal’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 EPS.

Several equities research analysts have recently weighed in on PYPL shares. Wells Fargo & Co increased their target price on shares of Paypal from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Royal Bank of Canada lifted their price target on shares of Paypal to $120.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Morgan Stanley lifted their target price on shares of Paypal from $113.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. BidaskClub lowered shares of Paypal from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, BTIG Research boosted their target price on shares of Paypal from $114.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Paypal has an average rating of “Buy” and a consensus price target of $110.71.

Paypal stock opened at $114.46 on Friday. The stock has a market capitalization of $133.61 billion, a price-to-earnings ratio of 63.94, a P/E/G ratio of 2.85 and a beta of 1.02. The stock’s fifty day moving average is $112.80. Paypal has a twelve month low of $74.66 and a twelve month high of $119.95.

In related news, CFO John D. Rainey sold 13,925 shares of Paypal stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $108.73, for a total value of $1,514,065.25. Following the completion of the transaction, the chief financial officer now owns 121,770 shares in the company, valued at approximately $13,240,052.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO William J. Ready sold 46,038 shares of Paypal stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $108.77, for a total value of $5,007,553.26. Following the completion of the transaction, the chief operating officer now owns 88,098 shares of the company’s stock, valued at approximately $9,582,419.46. The disclosure for this sale can be found here. Insiders sold a total of 180,714 shares of company stock worth $19,911,348 over the last quarter. Company insiders own 0.15% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in PYPL. Truehand Inc purchased a new position in Paypal in the fourth quarter valued at $25,000. Semmax Financial Advisors Inc. increased its stake in shares of Paypal by 630.2% during the 1st quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 271 shares in the last quarter. Bruderman Asset Management LLC purchased a new position in shares of Paypal during the 4th quarter worth approximately $27,000. Private Ocean LLC grew its stake in Paypal by 386.7% in the 1st quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 290 shares during the period. Finally, CX Institutional boosted its holdings in shares of Paypal by 605.7% in the 1st quarter. CX Institutional now owns 374 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 321 shares during the last quarter. Institutional investors own 80.87% of the company’s stock.

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 and Estimates for Paypal (NASDAQ:PYPL)

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