William Blair Has Strong Forecast for PayPal FY2024 Earnings

PayPal Holdings, Inc. (NASDAQ:PYPL) – Investment analysts at William Blair raised their FY2024 earnings per share (EPS) estimates for shares of PayPal in a report issued on Tuesday, October 29th. William Blair analyst A. Jeffrey now expects that the credit services provider will post earnings of $4.63 per share for the year, up from their prior forecast of $4.58. William Blair currently has a “Hold” rating on the stock. The consensus estimate for PayPal’s current full-year earnings is $4.44 per share. William Blair also issued estimates for PayPal’s Q1 2025 earnings at $1.23 EPS, Q2 2025 earnings at $1.26 EPS and FY2026 earnings at $5.60 EPS.

Other research analysts have also issued research reports about the company. Oppenheimer initiated coverage on PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted their target price on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Robert W. Baird lifted their price target on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday. Seventeen investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.03.

PayPal Trading Up 1.4 %

PYPL opened at $79.30 on Thursday. The firm has a market capitalization of $82.95 billion, a PE ratio of 19.97, a P/E/G ratio of 1.51 and a beta of 1.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal has a fifty-two week low of $50.80 and a fifty-two week high of $83.70. The company’s 50-day moving average is $76.39 and its 200 day moving average is $67.56.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pittenger & Anderson Inc. grew its stake in shares of PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares during the last quarter. Financial Management Professionals Inc. increased its position in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 shares during the period. CarsonAllaria Wealth Management Ltd. lifted its holdings in PayPal by 65.8% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after buying an additional 185 shares during the period. Family Firm Inc. bought a new stake in PayPal during the 2nd quarter valued at approximately $29,000. Finally, SYSTM Wealth Solutions LLC raised its position in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares in the last quarter. Institutional investors own 68.32% 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.