PayPal (NASDAQ:PYPL – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of Low to mid-teens for the period, compared to the consensus earnings per share estimate of $4.18. PayPal also updated its FY 2024 guidance to 3.880-3.980 EPS.
PayPal Stock Performance
NASDAQ PYPL opened at $63.55 on Tuesday. The stock has a market capitalization of $66.48 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 0.95 and a beta of 1.42. PayPal has a twelve month low of $50.25 and a twelve month high of $76.54. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $60.86 and a 200 day moving average of $62.14.
PayPal (NASDAQ:PYPL – Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.24. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the prior year, the firm posted $0.83 EPS. PayPal’s quarterly revenue was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate that PayPal will post 4.15 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on PYPL
Insider Activity
In other news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction 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 directly owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.
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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