Several brokerages from Wall Street have predicted that the stocks of PYPL will be announcing a sales sum of $6.29 billion for this quarter. According to a report, nine of the investment analysts have already issued estimates into the earnings of the company. The ball has been rolled at $6.20 billion, with the highest range coming in at $6.53 billion. The company did post a sales sum of $5.26 billion the previous year, which indicates an annual increase of 19.6%. The company will be putting up its next quarterly report on the 4th of August.
The Quarterly Reports Of PYPL
PYPL previously announced their quarterly data on the 5th of May. The provider of credit services had reported an EPS of $1.22 for the quarter, which was more than the consensus estimate of $1.01. The return on equity for the company was 18.31%, with a 15.48% net margin.
There have been quite a few research equities that have commented on the stocks of PYPL. Keefe, Bruyette & Woods has already increased the price target of the company from $340 with a rating of “outperform” in a 12th February research note. Wedbush has also increased the price target of the company to $300 with a rating of “outperform” in a 4th February research report.
Morgan Stanley has also increased the price target from $329 to $337 with a rating of overweight in a 6th May research report. The Royal Bank of Canada has also increased the price target of the company from $245 to $292 with a rating of “outperform” in a 4th February research report.
Five of the investment analysts have already issued the stocks with a rating of hold, while thirty-six others have issued the company with a rating of buy. Currently, PYPL has a buy rating with a $284.80 price target.