PayPal (NASDAQ:PYPL) Releases Q3 2024 Earnings Guidance

PayPal (NASDAQ:PYPL) updated its third quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.960-0.980 for the period. The company issued revenue guidance of -. PayPal also updated its FY 2024 guidance to 3.880-3.980 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PYPL. Citigroup increased their price target on shares of PayPal from $79.00 to $81.00 and gave the stock a buy rating in a research note on Monday, June 10th. Jefferies Financial Group decreased their price target on shares of PayPal from $70.00 to $65.00 in a research note on Monday. Royal Bank of Canada reissued an outperform rating and issued a $84.00 price target on shares of PayPal in a research note on Friday, June 28th. TD Cowen raised their target price on shares of PayPal from $58.00 to $68.00 and gave the company a hold rating in a research note on Wednesday, May 1st. Finally, Mizuho raised shares of PayPal from a neutral rating to a buy rating and raised their target price for the company from $68.00 to $90.00 in a research note on Thursday, May 30th. Twenty-one research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $73.26.

PayPal Price Performance

NASDAQ PYPL traded up $3.65 on Tuesday, reaching $62.59. The company had a trading volume of 27,279,857 shares, compared to its average volume of 14,431,731. PayPal has a 12 month low of $50.25 and a 12 month high of $76.54. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average price is $60.86 and its 200 day moving average price is $62.14. The stock has a market capitalization of $65.47 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.95 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.24. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts predict that PayPal will post 4.15 earnings per share for the current year.

Insider Buying and Selling

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by corporate insiders.

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.