PayPal Holdings, Inc. (PYPL) to Issue Quarterly Dividend of $0.14 on March 25th

PayPal Holdings, Inc. (NASDAQ:PYPL) announced a quarterly dividend on Monday, February 2nd. Stockholders of record on Wednesday, March 4th will be given a dividend of 0.14 per share by the credit services provider on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, March 4th.

PayPal Trading Up 1.5%

Shares of PYPL opened at $46.21 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $51.58 and a 200-day simple moving average of $61.31. PayPal has a 1-year low of $38.46 and a 1-year high of $79.50. The stock has a market cap of $42.54 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). The company had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.82 billion. PayPal had a net margin of 15.77% and a return on equity of 25.42%. PayPal’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 EPS. Equities analysts forecast that PayPal will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PYPL. Susquehanna decreased their price objective on PayPal from $90.00 to $63.00 and set a “positive” rating on the stock in a research note on Wednesday, February 4th. The Goldman Sachs Group cut their target price on shares of PayPal from $64.00 to $41.00 and set a “sell” rating for the company in a research note on Wednesday, February 4th. BNP Paribas Exane decreased their price target on shares of PayPal from $71.00 to $69.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 2nd. Truist Financial lowered their price target on shares of PayPal from $58.00 to $39.00 and set a “sell” rating for the company in a report on Tuesday, February 10th. Finally, Dbs Bank raised shares of PayPal to a “hold” rating in a research report on Friday, February 6th. Eight equities research analysts have rated the stock with a Buy rating, thirty have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $60.21.

About PayPal

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.