PayPal (NASDAQ:PYPL) Issues FY 2024 Earnings Guidance

PayPal (NASDAQ:PYPL) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.650-3.650 for the period, compared to the consensus earnings per share estimate of 4.750. The company issued revenue guidance of -. PayPal also updated its Q2 2024 guidance to 0.830-0.830 EPS.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PYPL shares. Evercore ISI boosted their target price on PayPal from $56.00 to $60.00 and gave the stock an in-line rating in a research report on Tuesday, March 26th. BMO Capital Markets cut their target price on shares of PayPal from $65.00 to $60.00 and set a market perform rating on the stock in a research report on Thursday, February 8th. Sanford C. Bernstein lifted their price target on shares of PayPal from $66.00 to $68.00 and gave the stock a market perform rating in a research report on Thursday, April 18th. StockNews.com raised shares of PayPal from a hold rating to a buy rating in a research note on Friday, April 5th. Finally, Citigroup reduced their price objective on shares of PayPal from $76.00 to $73.00 and set a buy rating on the stock in a research note on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $70.72.

PayPal Price Performance

Shares of PYPL opened at $66.99 on Tuesday. The company has a 50 day moving average of $63.03 and a 200-day moving average of $60.27. PayPal has a twelve month low of $50.25 and a twelve month high of $76.54. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $70.52 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.23 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the prior year, the business posted $0.86 earnings per share. PayPal’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal will post 4.02 EPS for the current fiscal year.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.14% of the stock is owned by 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.