KeyCorp Predicts PayPal’s FY2024 Earnings (NASDAQ:PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPL) – Stock 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 anticipates that the credit services provider will post earnings of $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.

PYPL has been the subject of a number of other research reports. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Wells Fargo & Company raised their price target on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. The Goldman Sachs Group upped their price objective on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their target price on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Canaccord Genuity Group lifted their price target on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.42.

PayPal Stock Up 1.6 %

Shares of PYPL stock opened at $86.78 on Friday. PayPal has a one year low of $55.77 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a fifty day moving average price of $84.52 and a 200 day moving average price of $72.96. The stock has a market cap of $87.00 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.66 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 for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.97 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the 3rd quarter valued at about $26,000. Family Firm Inc. purchased a new stake in shares of PayPal during the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC raised its position in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares during the period. Tortoise Investment Management LLC raised its holdings in shares of PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 465 shares during the period. Finally, Planning Capital Management Corp lifted its position in shares of PayPal by 186.1% during 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 last quarter. 68.32% of the stock is owned by institutional investors.

About PayPal

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.