PayPal (PYPL) to Release Earnings on Monday

PayPal (NASDAQ:PYPL - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Monday, February 3rd. Analysts expect the company to announce earnings of $1.11 per share and revenue of $8,269,580.00 billion for the quarter. PayPal has set its FY 2024 guidance at 3.920-3.960 EPS and its Q4 2024 guidance at 1.030-1.070 EPS.Persons interested in listening to 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, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analysts' expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 earnings per share. On average, analysts expect PayPal to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PayPal Trading Up 1.3 %

NASDAQ PYPL traded up $1.13 during trading hours on Monday, reaching $90.24. The company's stock had a trading volume of 6,916,974 shares, compared to its average volume of 8,381,756. PayPal has a 52 week low of $55.77 and a 52 week high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $90.47 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.54 and a beta of 1.44. The firm has a fifty day simple moving average of $87.76 and a 200-day simple moving average of $78.05.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of recent research reports. Bank of America upgraded shares of PayPal from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Barclays lifted their target price on PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Morgan Stanley increased their price target on PayPal from $76.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th. Robert W. Baird lifted their price objective on PayPal from $80.00 to $91.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Stephens increased their target price on shares of PayPal from $75.00 to $85.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $89.48.

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.