Paypal Holdings Inc. (NASDAQ:PYPL) will announce its earnings results after the market closes on Thursday, October 20th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Paypal Holdings has set its Q3 guidance at $0.33-0.35 EPS and its FY16 guidance at $1.47-1.50 EPS.
Paypal Holdings (NASDAQ:PYPL) last announced its earnings results on Thursday, July 21st. The company reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The business earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, analysts expect Paypal Holdings to post $1.18 EPS for the current fiscal year and $1.42 EPS for the next fiscal year.
Paypal Holdings Inc. (NASDAQ:PYPL) opened at 39.48 on Tuesday. The company’s 50-day moving average is $39.46 and its 200 day moving average is $38.45. Paypal Holdings Inc. has a one year low of $30.52 and a one year high of $41.75. The firm has a market cap of $46.67 billion, a PE ratio of 35.89 and a beta of 1.09.
PYPL has been the topic of several recent research reports. Royal Bank Of Canada reiterated a “buy” rating on shares of Paypal Holdings in a research report on Tuesday, July 12th. Jefferies Group restated a “buy” rating on shares of Paypal Holdings in a research report on Tuesday, July 5th. Deutsche Bank AG restated a “buy” rating and issued a $44.00 price target on shares of Paypal Holdings in a research report on Tuesday, June 28th. Cantor Fitzgerald restated a “buy” rating on shares of Paypal Holdings in a research report on Saturday, July 9th. Finally, Vetr downgraded shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $40.53 price target on the stock. in a research report on Monday, July 11th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $44.40.
In other news, SVP William J. Ready sold 26,037 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total value of $990,447.48. Following the sale, the senior vice president now directly owns 105,906 shares of the company’s stock, valued at $4,028,664.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gary J. Marino sold 1,726 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the completion of the sale, the executive vice president now directly owns 44,505 shares in the company, valued at $1,818,919.35. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. Allstate Corp purchased a new stake in shares of Paypal Holdings during the second quarter worth about $1,826,000. Franklin Resources Inc. increased its stake in shares of Paypal Holdings by 49.9% in the second quarter. Franklin Resources Inc. now owns 780,366 shares of the company’s stock worth $28,491,000 after buying an additional 259,918 shares in the last quarter. Sei Investments Co. increased its stake in shares of Paypal Holdings by 11.0% in the second quarter. Sei Investments Co. now owns 1,129,786 shares of the company’s stock worth $41,248,000 after buying an additional 111,925 shares in the last quarter. Horizon Investments LLC increased its stake in shares of Paypal Holdings by 5.0% in the second quarter. Horizon Investments LLC now owns 13,186 shares of the company’s stock worth $481,000 after buying an additional 633 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of Paypal Holdings by 16.0% in the second quarter. Public Sector Pension Investment Board now owns 209,031 shares of the company’s stock worth $7,632,000 after buying an additional 28,900 shares in the last quarter. 78.60% of the stock is currently owned by hedge funds and other institutional investors.
Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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