PayPal (PYPL) to Release Earnings on Tuesday

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

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating 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 firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts expect PayPal to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PayPal Stock Up 0.4 %

Shares of PayPal stock opened at $81.70 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $85.46 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.50 and a beta of 1.44. The firm’s 50-day moving average is $75.65 and its two-hundred day moving average is $67.17. PayPal has a 1 year low of $50.25 and a 1 year high of $82.80.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PYPL. Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $68.00 to $72.00 in a report on Friday, August 9th. Jefferies Financial Group cut their price target on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $78.00 price objective on shares of PayPal in a research note on Wednesday, September 18th. Argus raised PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded shares of PayPal from a “buy” rating to a “hold” rating in a report on Saturday. Seventeen investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.03.

About PayPal

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.