Paypal Holdings Inc (PYPL) Updates FY17 Earnings Guidance
- Author: Kyle Warner Apr 28, 2017,
Apr 28, 2017, 0:59
PayPal had its " rating reiterated by analysts at Stifel Nicolaus. Guggenheim initiated coverage on Paypal Holdings in a report on Wednesday, January 4th. Its Target Price was fixed at 47.3 at an IPO Date of 07/06/2015. Finally, Deutsche Bank AG reaffirmed a "buy" rating and issued a $52.00 price target on shares of Paypal Holdings in a report on Monday, January 30th.
At the moment 44 analysts are watching PayPal Holdings, Inc. (PYPL) has a trading volume of 9.58 Million shares, with an average trading volume of 4950 shares - with shares dropping to a 52 week low of $34.00, and the company's shares hitting a 52 week high of $ 45.01. (NASDAQ:PYPL), the company presently has a Gross Margin (Marx) ratio of 0.157376. 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. Enterprise Value is often used by value investors to help spot undervalued companies. The median estimate represents a 8.08% increase from the last price.
Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, April 26th.
On an adjusted basis, PayPal earned 44 cents per share, above the average analyst estimate of 41 cents, according to Thomson Reuters I/B/E/S. At present, the Gross Margin for PayPal Holdings, Inc.
The company reported an impressive total revenue of 10.84 Billion in the last fiscal year. During the same period in the previous year, the firm posted $0.36 EPS. We should see 58.6% growth and estimates for earnings per share range from $1.68 to $2.69.
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As of March 31 of this year, approximately $488 million remained available for stock repurchases under this prior authorization. On the other side of RSI values, an RSI reading of 30 or below is commonly interpreted as indicating an oversold or undervalued condition that may signal a trend change or corrective price reversal to the upside.
On 11/1/2016 Tomer Barel, EVP, sold 28,768 with an average share price of $41.84 per share and the total transaction amounting to $1,203,653.12. Following the sale, the executive vice president now owns 39,405 shares of the company's stock, valued at approximately $1,675,500.60. The disclosure for this sale can be found here.
A number of hedge funds have recently bought and sold shares of PYPL. Active market trackers might be watching Return on Invested Capital (ROIC) information on PayPal Holdings, Inc. American Research & Management Co. now owns 12,480 shares of the credit services provider's stock valued at $511,000 after buying an additional 9,880 shares in the last quarter.
Kensico Capital Management Corp holds 15.51% of its portfolio in Constellation Brands, Inc. for 5.84 million shares.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Insiders own 7.00% of the company's stock.
The company said 32% of its payment volume came from mobile devices. The Company's combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.