FY2024 Earnings Estimate for PayPal Issued By William Blair

PayPal Holdings, Inc. (NASDAQ:PYPL) – Equities researchers at William Blair boosted their FY2024 EPS estimates for shares of PayPal in a note issued to investors on Tuesday, October 29th. William Blair analyst A. Jeffrey now expects that the credit services provider will post earnings of $4.63 per share for the year, up from their previous forecast of $4.58. William Blair has a “Hold” rating on the stock. The consensus estimate for PayPal’s current full-year earnings is $4.44 per share. William Blair also issued estimates for PayPal’s Q1 2025 earnings at $1.23 EPS, Q2 2025 earnings at $1.26 EPS and FY2026 earnings at $5.60 EPS.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $0.97 EPS.

Several other equities analysts have also recently issued reports on the company. Wells Fargo & Company raised their price objective on 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 increased their target price on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Royal Bank of Canada raised their price target on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, UBS Group increased their price objective on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday. Seventeen analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average price target of $82.03.

PayPal Stock Performance

Shares of PYPL stock opened at $79.30 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $82.95 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.51 and a beta of 1.44. PayPal has a one year low of $50.80 and a one year high of $83.70. The company’s 50-day simple moving average is $76.39 and its 200-day simple moving average is $67.56.

Institutional Investors Weigh In On PayPal

Several large investors have recently bought and sold shares of PYPL. Primecap Management Co. CA lifted its stake in PayPal by 180.7% in the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after acquiring an additional 3,184,160 shares in the last quarter. Clearbridge Investments LLC raised its holdings in PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after acquiring an additional 1,866,925 shares in the last quarter. International Assets Investment Management LLC grew its stake in PayPal by 9,864.9% in the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock valued at $87,336,000 after purchasing an additional 1,108,030 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of PayPal by 139.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,544,179 shares of the credit services provider’s stock worth $120,492,000 after purchasing an additional 899,476 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of PayPal by 31.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock valued at $194,262,000 after buying an additional 687,940 shares during the last quarter. 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.