PayPal (NASDAQ:PYPL) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

by · The Cerbat Gem

PayPal (NASDAQ:PYPL – Get Free Report) announced its earnings results on Tuesday. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12, Briefing.com reports. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period last year, the firm earned $0.97 EPS. PayPal’s revenue for the quarter was up 6.0% compared to the same quarter last year. PayPal updated its FY 2024 guidance to 3.920-3.960 EPS and its Q4 2024 guidance to 1.030-1.070 EPS.

PayPal Stock Performance

Shares of PYPL stock opened at $77.50 on Friday. The stock has a market cap of $77.70 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.40 and a beta of 1.44. PayPal has a 52-week low of $52.55 and a 52-week high of $83.70. The business has a 50-day simple moving average of $76.39 and a 200-day simple moving average of $67.56. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PYPL. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. BMO Capital Markets upped their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday. StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. The Goldman Sachs Group raised their price target on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday. Seventeen analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $82.03.

Check Out Our Latest Stock Report on PYPL

PayPal Company Profile

(Get Free Report)

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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