PayPal (NASDAQ:PYPL – Get Free Report) announced its quarterly earnings results on Tuesday. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14), RTT News reports. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the previous year, the company posted $0.86 earnings per share. PayPal’s quarterly revenue was up 9.4% on a year-over-year basis. PayPal updated its FY 2024 guidance to 3.650-3.650 EPS and its Q2 2024 guidance to 0.830-0.830 EPS.
PayPal Trading Up 1.4 %
Shares of NASDAQ PYPL opened at $67.92 on Wednesday. PayPal has a twelve month low of $50.25 and a twelve month high of $76.54. The firm has a market cap of $71.50 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.25 and a beta of 1.45. The business has a fifty day simple moving average of $63.21 and a two-hundred day simple moving average of $60.35. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46.
Insider Transactions at PayPal
In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.
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About PayPal
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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