PayPal Holdings, Inc. Expected to Post Q3 2024 Earnings of $1.04 Per Share (NASDAQ:PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPL) – Equities research analysts at William Blair issued their Q3 2024 EPS estimates for PayPal in a research report issued to clients and investors on Tuesday, July 30th. William Blair analyst A. Jeffrey expects that the credit services provider will earn $1.04 per share for the quarter. William Blair currently has a “Hold” rating on the stock. The consensus estimate for PayPal’s current full-year earnings is $4.42 per share. William Blair also issued estimates for PayPal’s Q4 2024 earnings at $1.18 EPS, FY2024 earnings at $4.48 EPS, Q1 2025 earnings at $1.18 EPS, Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.31 EPS and FY2025 earnings at $4.84 EPS.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 earnings per share.

PYPL has been the topic of a number of other research reports. UBS Group upped their price objective on PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday. New Street Research assumed coverage on shares of PayPal in a report on Friday, May 31st. They set a “buy” rating and a $80.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $84.00 target price on shares of PayPal in a report on Wednesday. BMO Capital Markets boosted their price target on PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Robert W. Baird lifted their price objective on PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday. Nineteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $74.94.

PayPal Stock Performance

NASDAQ PYPL opened at $61.98 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $61.01 and its two-hundred day moving average is $62.24. The stock has a market capitalization of $63.36 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 0.93 and a beta of 1.42. PayPal has a 12-month low of $50.25 and a 12-month high of $70.66.

Institutional Trading of PayPal

A number of hedge funds and other institutional investors have recently made changes to their positions in PYPL. Hartford Financial Management Inc. grew its stake in PayPal by 18.8% in the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after purchasing an additional 163 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. Verity Asset Management Inc. lifted its position in shares of PayPal by 1.9% in the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock worth $650,000 after buying an additional 181 shares during the last quarter. Waldron Private Wealth LLC boosted its holdings in shares of PayPal by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after buying an additional 182 shares during the period. Finally, Indiana Trust & Investment Management CO grew its position in shares of PayPal by 18.6% during the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after buying an additional 184 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by corporate insiders.

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.