What is KeyCorp’s Estimate for PayPal FY2024 Earnings?

PayPal Holdings, Inc. (NASDAQ:PYPL) – Investment analysts at KeyCorp issued their FY2024 earnings per share estimates for shares of PayPal in a research report issued to clients and investors on Wednesday, December 18th. KeyCorp analyst A. Markgraff anticipates that the credit services provider will post earnings per share of $4.59 for the year. The consensus estimate for PayPal’s current full-year earnings is $4.57 per share. KeyCorp also issued estimates for PayPal’s Q4 2024 earnings at $1.13 EPS.

Several other brokerages have also issued reports on PYPL. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. The Goldman Sachs Group increased their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Barclays lifted their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Wells Fargo & Company increased their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, Phillip Securities reaffirmed an “accumulate” rating and issued a $90.00 price target (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average target price of $88.42.

PayPal Stock Up 0.4 %

Shares of NASDAQ PYPL opened at $87.13 on Friday. PayPal has a 52-week low of $55.77 and a 52-week high of $93.66. 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 cap of $87.35 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.66 and a beta of 1.44. The firm has a 50 day moving average price of $84.65 and a 200 day moving average price of $73.20.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal during the 3rd quarter valued at $26,000. Family Firm Inc. bought a new position in shares of PayPal in the second quarter valued at about $29,000. SYSTM Wealth Solutions LLC lifted its stake in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after buying an additional 465 shares during the last quarter. Finally, Planning Capital Management Corp boosted its holdings in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the period. 68.32% of the stock is currently owned by institutional investors.

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.