FY2024 EPS Estimates for PayPal Lifted by Seaport Res Ptn

PayPal Holdings, Inc. (NASDAQ:PYPL) – Equities researchers at Seaport Res Ptn upped their FY2024 earnings estimates for PayPal in a report issued on Tuesday, October 29th. Seaport Res Ptn analyst J. Cantwell now forecasts that the credit services provider will post earnings per share of $4.56 for the year, up from their prior forecast of $4.45. The consensus estimate for PayPal’s current full-year earnings is $4.44 per share. Seaport Res Ptn also issued estimates for PayPal’s Q4 2024 earnings at $1.10 EPS, Q1 2025 earnings at $1.01 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.36 EPS, Q4 2025 earnings at $1.22 EPS, FY2025 earnings at $4.80 EPS and Q1 2026 earnings at $1.11 EPS.

A number of other brokerages also recently weighed in on PYPL. Deutsche Bank Aktiengesellschaft raised their price objective on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Royal Bank of Canada boosted their price target on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 price objective on shares of PayPal in a report on Wednesday, September 18th. Mizuho lifted their target price on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday. Seventeen investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and a consensus price target of $82.03.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $79.30 on Thursday. PayPal has a 1 year low of $50.80 and a 1 year high of $83.70. The business has a fifty day simple moving average of $76.39 and a 200 day simple moving average of $67.56. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $82.95 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.12. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share.

Hedge Funds Weigh In On PayPal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. raised its position in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares in the last quarter. CarsonAllaria Wealth Management Ltd. raised its holdings in PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after buying an additional 185 shares during the last quarter. Family Firm Inc. acquired a new position in PayPal during the 2nd quarter worth about $29,000. Finally, SYSTM Wealth Solutions LLC boosted its holdings in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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.