PayPal (PYPL) Set to Announce Quarterly Earnings on Tuesday

PayPal (NASDAQ:PYPL - Get Free Report) is scheduled to be issuing 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. Persons that are interested in participating in the company's earnings conference call can do so using this link.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.20. The company had revenue of $7.89 billion for the quarter, compared to analysts' expectations of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.83 EPS. On average, analysts expect PayPal to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PayPal Stock Performance

NASDAQ:PYPL opened at $80.56 on Tuesday. PayPal has a 1-year low of $50.25 and a 1-year high of $82.00. The firm has a 50 day simple moving average of $74.50 and a 200-day simple moving average of $66.74. The firm has a market cap of $82.36 billion, a PE ratio of 19.51, a P/E/G ratio of 1.47 and a beta of 1.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Monness Crespi & Hardt raised their price objective on PayPal from $80.00 to $88.00 and gave the stock a "buy" rating in a report on Monday, July 29th. BMO Capital Markets raised their price target on PayPal from $72.00 to $73.00 and gave the stock a "market perform" rating in a research note on Thursday, October 3rd. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Friday. Robert W. Baird raised their target price on shares of PayPal from $77.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Finally, Sanford C. Bernstein lowered shares of PayPal from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Sixteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $78.03.

PayPal Company Profile

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.