Brokers Set Expectations for PayPal’s Q2 2019 Earnings (PYPL)

PayPal (NASDAQ:PYPL) – Investment analysts at Wedbush cut their Q2 2019 EPS estimates for shares of PayPal in a report issued on Wednesday, April 18th. Wedbush analyst M. Katri now anticipates that the credit services provider will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.56. Wedbush also issued estimates for PayPal’s Q3 2019 earnings at $0.54 EPS, Q4 2019 earnings at $0.57 EPS and FY2019 earnings at $2.13 EPS.

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A number of other research firms also recently weighed in on PYPL. Stifel Nicolaus lifted their price target on PayPal from $77.00 to $79.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. BTIG Research cut PayPal from a “buy” rating to a “neutral” rating in a report on Thursday, February 1st. Nomura lifted their price objective on PayPal to $97.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. Jefferies Group lifted their price objective on PayPal from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $91.00 price objective (up from $85.00) on shares of PayPal in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. PayPal currently has an average rating of “Buy” and an average price target of $78.28.

PayPal stock opened at $78.73 on Friday. PayPal has a 1-year low of $43.60 and a 1-year high of $86.32. The company has a market capitalization of $95,378.12, a P/E ratio of 56.64, a price-to-earnings-growth ratio of 2.65 and a beta of 1.28.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. PayPal had a return on equity of 11.59% and a net margin of 13.71%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year.

Large investors have recently made changes to their positions in the company. Jennison Associates LLC grew its position in PayPal by 117.3% during the fourth quarter. Jennison Associates LLC now owns 16,354,298 shares of the credit services provider’s stock valued at $1,204,003,000 after acquiring an additional 8,827,558 shares during the period. BlackRock Inc. grew its position in PayPal by 6.6% during the fourth quarter. BlackRock Inc. now owns 69,404,765 shares of the credit services provider’s stock valued at $5,109,580,000 after acquiring an additional 4,324,405 shares during the period. Arrowstreet Capital Limited Partnership grew its position in PayPal by 211.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,404,830 shares of the credit services provider’s stock valued at $324,284,000 after acquiring an additional 2,990,330 shares during the period. Alliancebernstein L.P. grew its position in PayPal by 65.2% during the fourth quarter. Alliancebernstein L.P. now owns 5,270,533 shares of the credit services provider’s stock valued at $388,017,000 after acquiring an additional 2,079,780 shares during the period. Finally, Millennium Management LLC purchased a new stake in PayPal during the fourth quarter valued at about $81,205,000. 80.58% of the stock is owned by institutional investors and hedge funds.

In other news, insider Daniel H. Schulman sold 26,000 shares of PayPal stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $75.90, for a total value of $1,973,400.00. Following the completion of the sale, the insider now owns 346,300 shares of the company’s stock, valued at $26,284,170. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David M. Moffett sold 3,808 shares of PayPal stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $77.86, for a total value of $296,490.88. Following the completion of the sale, the director now directly owns 66,320 shares of the company’s stock, valued at approximately $5,163,675.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 222,413 shares of company stock valued at $17,321,428. Company insiders own 6.00% of the company’s stock.

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PayPal Company Profile

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Earnings History and Estimates for PayPal (NASDAQ:PYPL)

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