PayPal Holdings, Inc. Forecasted to Earn Q2 2022 Earnings of $0.82 Per Share (NASDAQ:PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) – Equities research analysts at Oppenheimer cut their Q2 2022 EPS estimates for PayPal in a note issued to investors on Wednesday, April 20th. Oppenheimer analyst D. Gabriele now expects that the credit services provider will post earnings of $0.82 per share for the quarter, down from their prior estimate of $0.86. Oppenheimer also issued estimates for PayPal’s Q3 2022 earnings at $0.85 EPS.

Several other research firms have also recently commented on PYPL. JMP Securities cut their price target on PayPal from $260.00 to $198.00 and set an “outperform” rating for the company in a report on Wednesday, February 2nd. Piper Sandler decreased their price objective on PayPal from $280.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 2nd. Royal Bank of Canada reduced their price target on PayPal from $180.00 to $118.00 and set an “outperform” rating on the stock in a research report on Friday. Evercore ISI reduced their price target on PayPal from $342.00 to $245.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 2nd. Finally, Barclays reduced their price target on PayPal from $250.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, February 3rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $185.98.

NASDAQ PYPL opened at $86.03 on Friday. PayPal has a twelve month low of $85.98 and a twelve month high of $310.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $100.23 billion, a PE ratio of 24.44, a P/E/G ratio of 1.66 and a beta of 1.29. The stock has a 50-day simple moving average of $107.35 and a 200 day simple moving average of $165.25.

PayPal (NASDAQ:PYPLGet Rating) last posted its quarterly earnings data on Tuesday, February 1st. The credit services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. PayPal had a return on equity of 20.30% and a net margin of 16.43%. The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.89 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year.

A number of institutional investors have recently bought and sold shares of the stock. Evoke Wealth LLC grew its holdings in PayPal by 1.5% during the 3rd quarter. Evoke Wealth LLC now owns 3,382 shares of the credit services provider’s stock valued at $880,000 after purchasing an additional 49 shares during the last quarter. Heron Financial Group LLC grew its holdings in PayPal by 1.6% during the 3rd quarter. Heron Financial Group LLC now owns 3,295 shares of the credit services provider’s stock valued at $857,000 after purchasing an additional 52 shares during the last quarter. Cpwm LLC grew its holdings in PayPal by 1.4% during the 3rd quarter. Cpwm LLC now owns 3,736 shares of the credit services provider’s stock valued at $972,000 after purchasing an additional 52 shares during the last quarter. Prentice Wealth Management LLC grew its holdings in PayPal by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 3,145 shares of the credit services provider’s stock valued at $818,000 after purchasing an additional 53 shares during the last quarter. Finally, TFC Financial Management boosted its position in PayPal by 3.4% in the 3rd quarter. TFC Financial Management now owns 1,658 shares of the credit services provider’s stock valued at $431,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

In other PayPal news, CEO Daniel H. Schulman purchased 7,994 shares of PayPal stock in a transaction that occurred on Thursday, February 3rd. The stock was acquired at an average price of $124.57 per share, for a total transaction of $995,812.58. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank D. Yeary purchased 4,000 shares of PayPal stock in a transaction that occurred on Friday, February 4th. The shares were acquired at an average price of $124.85 per share, with a total value of $499,400.00. The disclosure for this purchase can be found here. Insiders bought a total of 24,894 shares of company stock valued at $2,965,405 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

About PayPal (Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

Further Reading

Earnings History and Estimates for PayPal (NASDAQ:PYPL)

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