PayPal (NASDAQ:PYPL) Announces Earnings Results, Beats Estimates By $0.08 EPS

PayPal (NASDAQ:PYPL) released its earnings results on Tuesday. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08, Zacks reports. PayPal had a return on equity of 23.44% and a net margin of 14.08%. During the same quarter in the prior year, the firm earned $1.48 EPS.

PayPal Trading Up 1.0 %

NASDAQ PYPL opened at $89.51 on Tuesday. The firm has a market cap of $89.74 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. PayPal has a 52 week low of $55.77 and a 52 week high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average price of $88.16 and a 200 day moving average price of $79.05.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PYPL. Royal Bank of Canada restated an “outperform” rating and set a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Robert W. Baird boosted their target price on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Susquehanna lifted their price target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and raised their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Finally, Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and increased their price target for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Fourteen 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.48.

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.