PayPal (NASDAQ:PYPL) Issues Q4 2024 Earnings Guidance

PayPal (NASDAQ:PYPL) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.030-1.070 for the period, compared to the consensus EPS estimate of 1.070. The company issued revenue guidance of -. PayPal also updated its FY 2024 guidance to 3.920-3.960 EPS.

PayPal Trading Up 1.8 %

Shares of PayPal stock traded up $1.43 on Thursday, hitting $79.65. 10,565,715 shares of the company’s stock traded hands, compared to its average volume of 13,627,578. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal has a one year low of $50.80 and a one year high of $83.70. The firm’s 50-day moving average price is $76.24 and its two-hundred day moving average price is $67.48. The stock has a market capitalization of $83.32 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced 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 $1.08 by $0.12. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. On average, research analysts expect that PayPal will post 4.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PYPL. BMO Capital Markets increased their price objective on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Susquehanna raised their target price on shares of PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a research note on Wednesday. UBS Group raised their target price on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Barclays raised their target price on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Seventeen equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.03.

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.