PayPal (NASDAQ:PYPL) Releases Earnings Results, Beats Expectations By $0.08 EPS

PayPal (NASDAQ:PYPL) posted its quarterly earnings data on Tuesday. The credit services provider reported $1.19 EPS for the quarter, topping 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%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the business posted $1.48 EPS. PayPal’s revenue was up 4.2% on a year-over-year basis.

PayPal Stock Down 13.2 %

NASDAQ PYPL opened at $77.72 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal has a 52 week low of $55.77 and a 52 week high of $93.66. The firm has a market capitalization of $77.92 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.49 and a beta of 1.44. The company has a fifty day moving average of $88.20 and a two-hundred day moving average of $79.26.

Analyst Upgrades and Downgrades

PYPL has been the topic of several recent research reports. Macquarie raised their price objective on PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Piper Sandler upped their price target on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised their price objective on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Phillip Securities reaffirmed an “accumulate” rating and issued a $90.00 target price (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Finally, Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a report on Friday, December 13th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $89.48.

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.