PayPal (NASDAQ:PYPL – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.880-3.980 for the period. The company issued revenue guidance of -. PayPal also updated its FY24 guidance to Low to mid-teens EPS.
PayPal Stock Up 6.2 %
NASDAQ:PYPL traded up $3.65 during trading hours on Tuesday, hitting $62.59. The stock had a trading volume of 27,279,857 shares, compared to its average volume of 14,431,731. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal has a 1-year low of $50.25 and a 1-year high of $76.54. The business has a 50 day simple moving average of $60.86 and a two-hundred day simple moving average of $62.14. The company has a market cap 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 – Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.24. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter last year, the company earned $0.83 earnings per share. PayPal’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts predict that PayPal will post 4.15 EPS for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on PayPal
Insider Buying and Selling at PayPal
In related news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the sale, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company 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.
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