PayPal (NASDAQ:PYPL – Get Free Report) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (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.
PayPal Trading Up 3.7 %
Shares of PYPL traded up $2.38 during mid-day trading on Wednesday, reaching $66.38. The company had a trading volume of 15,617,425 shares, compared to its average volume of 14,555,968. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a market cap of $69.44 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. The firm has a fifty day simple moving average of $60.86 and a 200-day simple moving average of $62.16. PayPal has a fifty-two week low of $50.25 and a fifty-two week high of $76.54.
PayPal (NASDAQ:PYPL – Get Free Report) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the previous year, the business posted $0.83 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that PayPal will post 4.16 EPS for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Stock Report on PayPal
Insider Buying and Selling at PayPal
In other news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 13,976 shares in the company, valued at approximately $861,620.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company’s stock.
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.
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