Paypal (NASDAQ:PYPL) Issues Q4 2019 Earnings Guidance

Paypal (NASDAQ:PYPL) issued an update on its fourth quarter 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.81-0.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.81. The company issued revenue guidance of $4.89-4.95 billion, compared to the consensus revenue estimate of $4.94 billion.Paypal also updated its FY 2019 guidance to $3.06-3.08 EPS.

Shares of PYPL traded down $0.72 during trading hours on Wednesday, hitting $96.64. 17,363,004 shares of the stock traded hands, compared to its average volume of 6,746,772. Paypal has a 1-year low of $75.47 and a 1-year high of $121.48. The firm has a market capitalization of $119.36 billion, a PE ratio of 53.99, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. The business has a fifty day moving average of $103.65 and a 200-day moving average of $109.58.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities research analysts expect that Paypal will post 2.36 earnings per share for the current year.

PYPL has been the topic of several research reports. Jefferies Financial Group upped their price target on Paypal from $125.00 to $140.00 and gave the company a buy rating in a research note on Thursday, July 18th. Nomura set a $139.00 price objective on Paypal and gave the company a buy rating in a report on Monday. Morgan Stanley set a $129.00 price objective on Paypal and gave the company a buy rating in a report on Tuesday, September 17th. Citigroup upped their price objective on Paypal from $124.00 to $137.00 and gave the company a buy rating in a report on Monday, September 9th. Finally, BidaskClub downgraded Paypal from a buy rating to a hold rating in a report on Wednesday, September 11th. Nine analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $122.81.

In other Paypal news, EVP Aaron Karczmer sold 3,110 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the completion of the sale, the executive vice president now directly owns 15,041 shares in the company, valued at $1,740,394.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel H. Schulman sold 30,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $107.09, for a total value of $3,212,700.00. Following the completion of the sale, the chief executive officer now owns 487,074 shares of the company’s stock, valued at $52,160,754.66. The disclosure for this sale can be found here. Insiders sold 132,417 shares of company stock valued at $14,511,700 over the last 90 days. Corporate insiders own 0.15% of the company’s stock.

About Paypal

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Earnings History and Estimates for Paypal (NASDAQ:PYPL)

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