FY2018 Earnings Estimate for Paypal Holdings Inc. Issued By Jefferies Group (PYPL)
Paypal Holdings Inc. (NASDAQ:PYPL) – Analysts at Jefferies Group issued their FY2018 EPS estimates for Paypal Holdings in a research note issued to investors on Thursday. Jefferies Group analyst J. Kupferberg anticipates that the brokerage will earn $1.66 per share for the year. Jefferies Group currently has a “Buy” rating and a $48.00 target price on the stock.
Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the previous year, the business posted $0.32 earnings per share.
A number of other research analysts have also recently commented on PYPL. Credit Suisse Group AG upped their price target on Paypal Holdings from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, July 22nd. Wells Fargo & Co. cut Paypal Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, July 22nd. William Blair reaffirmed an “outperform” rating on shares of Paypal Holdings in a research report on Friday, July 22nd. Pacific Crest reaffirmed a “hold” rating on shares of Paypal Holdings in a research report on Friday, July 22nd. Finally, RBC Capital Markets reaffirmed a “buy” rating and set a $46.00 price target on shares of Paypal Holdings in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $43.36.
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Paypal Holdings (NASDAQ:PYPL) traded down 3.21% on Friday, reaching $38.01. The company’s stock had a trading volume of 10,590,958 shares. Paypal Holdings has a 52-week low of $30.30 and a 52-week high of $41.75. The firm has a market cap of $44.93 billion, a PE ratio of 34.55 and a beta of 1.13. The stock’s 50 day moving average price is $37.76 and its 200 day moving average price is $38.22.
In related news, SVP Tomer Barel sold 5,862 shares of Paypal Holdings stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $37.21, for a total value of $218,125.02. Following the completion of the sale, the senior vice president now owns 27,017 shares of the company’s stock, valued at $1,005,302.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William J. Ready sold 26,037 shares of Paypal Holdings stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $38.04, for a total value of $990,447.48. Following the completion of the sale, the senior vice president now directly owns 105,906 shares of the company’s stock, valued at approximately $4,028,664.24. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.
About Paypal Holdings
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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