PayPal (NASDAQ:PYPL – Get Free Report) announced its earnings results on Tuesday. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.20, Briefing.com reports. The company had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.82 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 earnings per share.
PayPal Price Performance
Shares of NASDAQ PYPL opened at $64.00 on Wednesday. PayPal has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The business has a 50 day moving average price of $60.86 and a two-hundred day moving average price of $62.16. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a market cap of $66.95 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42.
Insider Transactions at PayPal
In related news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the sale, the director now owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on PYPL
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.
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