Paypal Holdings Inc (PYPL) Updates FY17 Earnings Guidance

Paypal Holdings Inc (PYPL) Updates FY17 Earnings Guidance

Paypal Holdings Inc (PYPL) Updates FY17 Earnings Guidance

The current consensus rating on Paypal Holdings (NASDAQ:PYPL) is Buy (Score: 2.73) with a consensus target price of $45.73 per share, a potential 2.97% upside. EV is typically thought to be a more accurate calculation of total company value due to the inclusion of debt obligations. Therefore stocks with higher earnings growth should offer the highest capital gains. West Oak Capital LLC boosted its position in Paypal Holdings by 23.9% in the first quarter. The credit services provider reported $0.42 EPS for the quarter, meeting the Zacks' consensus estimate of $0.42.

Today, Paypal Holdings (NASDAQ:PYPL) stock received an upgrade by Piper Jaffray Companies from Underweight to Neutral. The Stock now has a Weekly Volatility of 1.15% and Monthly Volatility of 1.22%. (PYPL)'s latest closing price distance was 10.57% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 4.60% and 3.71% compared with the 20 Day Moving Average. Guggenheim initiated coverage on Paypal Holdings in a report on Wednesday, January 4th. The company has a market cap of $53.63 billion, a PE ratio of 38.62 and a beta of 0.91. We can't assume the past will always reflect the future, but logically stocks that have grown earnings per share strongly in the past are a good bet to continue to do so. The stock was sold at an average price of $42.63, for a total value of $741,165.18. They expect $0.33 EPS, up 3.13% or $0.01 from last year's $0.32 per share.

PayPal, which spun off from e-commerce firm eBay Inc in 2015, said its net income rose to $384 million, or 32 cents per share, in the first quarter ended March 31, from $365 million, or 30 cents per share, a year earlier. Vetr raised Paypal Holdings from a "buy" rating to a "strong-buy" rating and set a $45.44 price target on the stock in a report on Tuesday, January 3rd. The company issued revenue guidance of $12.52-12.72 billion, compared to the consensus revenue estimate of $12.61 billion.Paypal Holdings also updated its Q2 guidance to $0.41-0.43 EPS. Hedge funds and other institutional investors own 81.22% of the company's stock. They now have a Dollars 47 price target on the stock. Maybe even more important is the ability to ramp up engagement on a quarterly basis with the number of payment transactions per active account up 12% over past year.

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Given the importance of identifying companies that will grow earnings per share at high rate, we then need to consider how to identify which companies will achieve high growth rates. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Following the completion of the sale, the executive vice president now owns 39,405 shares of the company's stock, valued at approximately $1,675,500.60. The disclosure for this sale can be found here.

Spencer Platt/Getty ImagesConsumers will be able to use their PayPal accounts with Google's mobile payments platform Android Pay at retailers such as WalGreens Boots and Dunkin' Donuts. The Magic Formula was devised by hedge fund manager Joel Greenblatt. It payment platform includes PayPal, PayPal Credit, Venmo and Braintree products.

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