Quarterly EPS Forecast Review: PayPal Holdings, Inc. (PYPL)

PayPal's services were very popular with early eBay users. Image source eBay Inc
PayPal's services were very popular with early eBay users. Image source eBay Inc

28 April, 2017

It has ranged in price between $44.25-$45.04 after having started the session at $45.04 as compared to the previous trading day's close of $44.71.

PayPal struck a deal with Alphabet Inc's Google last week in a move to bring its payment wallet to brick-and-mortar stores. After having $0.34 EPS previously, Paypal Holdings Inc's analysts see -2.94% EPS growth. The company has market cap of $54.57 billion. The firm shows a 20-Day Simple Moving Average of 1.83% with a 200-Day Simple Moving Average of 8.55%. PYPL is a #3 (Hold) on the Zacks Rank, and is up nearly 7% to $47.50 per share in trading shortly after its earnings report was released.

Paypal Holdings Inc (NASDAQ:PYPL) issued an update on its FY17 earnings guidance on Wednesday morning. According to Thomson Reuters, sell-side analysts are projecting a consensus target price of $96.02 on company shares. Digging a little deeper, PayPal Holdings, Inc. has a Gross Margin score of 2.

Sales/Adj. EPS of $2.98B and $0.44 compared to consensus expectations of $2.94B and $0.41, respectively.

Generally Accepted Accounting Principles (GAAP) earnings per diluted share (EPS) displayed growth of 6% to $0.32, non-GAAP EPS growth of 19% to $0.44.

For the full-year 2017, the company estimated to achieve non-GAAP earnings in the range of $1.74 to $1.79 per share and revenue in the range of $12.52 billion to $12.72 billion, an increase of 15% to 17% at current spot rates or 17% to 19% on an FX-neutral basis. The current share price indicates that stock is -1.33% away from its one year high and is moving 30.62% ahead of its 52-week low.

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In other news, EVP Gary J. Marino sold 13,535 shares of the business's stock in a transaction that occurred on Tuesday, April 4th. Following the transaction, the executive vice president now owns 39,405 shares of the company's stock, valued at approximately $1,675,500.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Now insiders hold 71,136,015 shares in the business which makes up 5.89% of shares. The disclosure for this sale can be found here. Insiders own 7.00% of the company's stock.

Several hedge funds have recently made changes to their positions in the company.

Mount Vernon Associates Inc. Finally, Dowling & Yahnke LLC increased its stake in Paypal Holdings by 3.0% in the third quarter.

MetLife, Inc. (MET) declared that its board of directors has declared a second quarter 2017 common stock dividend of $0.40 per share. Active market trackers might be watching Return on Invested Capital (ROIC) information on PayPal Holdings, Inc.

In the first quarter, PayPal announced its agreement to acquire TIO Networks Corp. A month ago, they told us to expect earnings of US$0.42 per share while three months ago their EPS consensus estimate was US$0.42. This suggests that the broad sum of capital flow in the stock has been generally negative over the recent period. Following the completion of the sale, the executive vice president now owns 40,740 shares in the company, valued at $1,736,746.20.

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