FY2024 EPS Estimates for PayPal Boosted by Seaport Res Ptn

PayPal Holdings, Inc. (NASDAQ:PYPL) – Analysts at Seaport Res Ptn increased their FY2024 earnings estimates for shares of PayPal in a research report issued to clients and investors on Tuesday, October 29th. Seaport Res Ptn analyst J. Cantwell now anticipates that the credit services provider will earn $4.56 per share for the year, up from their previous forecast of $4.45. The consensus estimate for PayPal’s current full-year earnings is $4.44 per share. Seaport Res Ptn also issued estimates for PayPal’s Q4 2024 earnings at $1.10 EPS, Q1 2025 earnings at $1.01 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.36 EPS, Q4 2025 earnings at $1.22 EPS, FY2025 earnings at $4.80 EPS and Q1 2026 earnings at $1.11 EPS.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.12. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS.

Several other brokerages have also recently issued reports on PYPL. Barclays lifted their target price on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Jefferies Financial Group cut their price target on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. TD Cowen raised their target price on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada upped their price objective on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday. Seventeen research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.03.

PayPal Price Performance

NASDAQ:PYPL opened at $79.30 on Thursday. The firm has a market cap of $82.95 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. The stock has a 50 day moving average of $76.39 and a two-hundred day moving average of $67.56. PayPal has a 12 month low of $50.80 and a 12 month high of $83.70. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Pittenger & Anderson Inc. raised its stake in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. Family Firm Inc. acquired a new position in shares of PayPal during the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC increased its holdings in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after buying an additional 465 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

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.