PayPal (NASDAQ:PYPL) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

PayPal (NASDAQ:PYPL) issued its earnings results on Tuesday. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08, Zacks reports. PayPal had a net margin of 14.08% and a return on equity of 23.44%. During the same period in the prior year, the business earned $1.48 EPS.

PayPal Trading Up 1.0 %

Shares of NASDAQ:PYPL opened at $89.51 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $89.74 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 1.49 and a beta of 1.44. The stock’s 50-day simple moving average is $88.16 and its two-hundred day simple moving average is $79.05. PayPal has a 52-week low of $55.77 and a 52-week high of $93.66.

Analyst Ratings Changes

Several research firms have recently issued reports on PYPL. Macquarie boosted their target price on PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Barclays upped their price objective on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. lifted their target price on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research note on Friday, December 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.48.

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.