PayPal (NASDAQ:PYPL) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.31-2.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.29. The company issued revenue guidance of $15.2-15.4 billion, compared to the consensus revenue estimate of $15.27 billion.PayPal also updated its Q2 guidance to $0.54-0.56 EPS.
Shares of PYPL traded down $1.28 during trading hours on Wednesday, hitting $74.00. The company’s stock had a trading volume of 10,788,946 shares, compared to its average volume of 9,373,521. The company has a market capitalization of $92,849.43, a price-to-earnings ratio of 53.24, a PEG ratio of 2.58 and a beta of 1.28. PayPal has a 52-week low of $44.25 and a 52-week high of $86.32.
PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. PayPal had a net margin of 13.71% and a return on equity of 11.59%. The company’s revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. research analysts expect that PayPal will post 1.73 earnings per share for the current year.
In other news, CFO John D. Rainey sold 50,977 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $77.68, for a total value of $3,959,893.36. Following the completion of the sale, the chief financial officer now directly owns 114,020 shares in the company, valued at approximately $8,857,073.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Aaron Anderson sold 9,367 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $77.84, for a total transaction of $729,127.28. Following the completion of the sale, the vice president now owns 18,480 shares of the company’s stock, valued at $1,438,483.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 222,413 shares of company stock valued at $17,321,428. 6.00% of the stock is currently owned by company insiders.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3388965/paypal-pypl-issues-fy18-earnings-guidance.html.
PayPal Company Profile
PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.