William Blair Weighs in on PayPal Holdings, Inc.’s Q3 2017 Earnings (NASDAQ:PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPL) – Equities researchers at William Blair cut their Q3 2017 earnings per share estimates for PayPal Holdings in a research note issued to investors on Wednesday. William Blair analyst R. Napoli now anticipates that the credit services provider will post earnings per share of $0.31 for the quarter, down from their previous estimate of $0.33. William Blair also issued estimates for PayPal Holdings’ Q4 2017 earnings at $0.36 EPS, FY2017 earnings at $1.33 EPS and FY2018 earnings at $1.66 EPS.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS.

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A number of other research firms have also weighed in on PYPL. Citigroup Inc. reissued a “buy” rating and issued a $67.00 target price (up from $62.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Barclays PLC raised their target price on shares of PayPal Holdings from $63.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, July 27th. Stifel Nicolaus reissued a “hold” rating and issued a $61.00 target price (up from $51.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Robert W. Baird reissued an “outperform” rating and issued a $65.00 target price (up from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Finally, Raymond James Financial, Inc. raised their target price on shares of PayPal Holdings from $52.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. PayPal Holdings currently has an average rating of “Buy” and a consensus price target of $59.49.

Shares of PayPal Holdings (NASDAQ:PYPL) opened at 58.55 on Monday. PayPal Holdings has a one year low of $36.28 and a one year high of $61.30. The stock has a 50 day moving average of $55.37 and a 200-day moving average of $47.47. The company has a market capitalization of $70.40 billion, a price-to-earnings ratio of 47.22 and a beta of 0.95.

PayPal Holdings declared that its board has initiated a stock repurchase plan on Wednesday, April 26th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to buy up to 9.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

In other PayPal Holdings news, EVP Gary J. Marino sold 1,350 shares of PayPal Holdings stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the transaction, the executive vice president now owns 37,491 shares in the company, valued at $1,967,527.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $54.03, for a total value of $72,994.53. Following the completion of the transaction, the executive vice president now owns 37,491 shares in the company, valued at approximately $2,025,638.73. The disclosure for this sale can be found here. Insiders sold 4,501 shares of company stock worth $240,989 in the last quarter. 6.00% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. raised its position in PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after buying an additional 649 shares during the period. Crestwood Advisors Group LLC bought a new position in PayPal Holdings during the first quarter valued at about $106,000. Carroll Financial Associates Inc. raised its position in PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock valued at $108,000 after buying an additional 740 shares during the period. Stelac Advisory Services LLC bought a new position in PayPal Holdings during the first quarter valued at about $119,000. Finally, West Oak Capital LLC raised its position in PayPal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock valued at $123,000 after buying an additional 550 shares during the period. Institutional investors own 81.26% of the company’s stock.

PayPal Holdings Company Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Earnings History and Estimates for PayPal Holdings (NASDAQ:PYPL)

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