FY2024 Earnings Estimate for PayPal Issued By KeyCorp

PayPal Holdings, Inc. (NASDAQ:PYPL) – Investment analysts at KeyCorp issued their FY2024 EPS estimates for PayPal in a research note issued to investors on Wednesday, December 18th. KeyCorp analyst A. Markgraff forecasts that the credit services provider will earn $4.59 per share for the year. The consensus estimate for PayPal’s current full-year earnings is $4.57 per share. KeyCorp also issued estimates for PayPal’s Q4 2024 earnings at $1.13 EPS.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis.

Several other equities analysts have also recently weighed in on PYPL. Monness Crespi & Hardt boosted their price objective on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Robert W. Baird increased their price objective on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Piper Sandler reaffirmed a “neutral” rating and set a $88.00 target price on shares of PayPal in a research report on Friday, November 22nd. The Goldman Sachs Group increased their price target on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Canaccord Genuity Group boosted their price objective on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $88.42.

PayPal Stock Up 0.4 %

PayPal stock opened at $87.13 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The firm has a fifty day moving average price of $84.65 and a two-hundred day moving average price of $73.20. The firm has a market cap of $87.35 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.66 and a beta of 1.44.

Institutional Trading of PayPal

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal in the third quarter worth about $26,000. Family Firm Inc. acquired a new position in PayPal during the 2nd quarter worth $29,000. SYSTM Wealth Solutions LLC lifted its holdings in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares in the last quarter. Tortoise Investment Management LLC boosted its position in PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after buying an additional 465 shares during the last quarter. Finally, Planning Capital Management Corp increased its stake in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares during the period. 68.32% of the stock is currently 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.