PayPal Holdings, Inc. (NASDAQ:PYPL) to Issue Quarterly Dividend of $0.14

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) declared a quarterly dividend on Monday, July 27th. Investors of record on Friday, September 4th will be given a dividend of 0.14 per share by the credit services provider on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, September 4th.

PayPal Price Performance

PYPL traded up $0.13 on Wednesday, hitting $58.45. 3,219,429 shares of the stock were exchanged, compared to its average volume of 19,567,492. PayPal has a 12 month low of $38.46 and a 12 month high of $79.21. The business has a 50-day moving average of $46.22 and a two-hundred day moving average of $47.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $51.56 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.40 and a beta of 1.33.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The firm had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same period in the prior year, the company posted $1.40 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Sell-side analysts forecast that PayPal will post 5.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PYPL shares. Cantor Fitzgerald reiterated a “neutral” rating on shares of PayPal in a research report on Thursday, July 16th. Clear Str upgraded shares of PayPal to a “hold” rating in a research report on Thursday, July 16th. BMO Capital Markets started coverage on PayPal in a research note on Tuesday, April 21st. They set a “market perform” rating and a $52.00 target price for the company. The Goldman Sachs Group set a $50.00 target price on PayPal in a report on Tuesday. Finally, Truist Financial upgraded PayPal from a “sell” rating to a “hold” rating and lifted their price target for the company from $44.00 to $57.00 in a research note on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating, thirty-three have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, PayPal currently has a consensus rating of “Hold” and an average price target of $55.61.

View Our Latest Stock Analysis on PYPL

About PayPal

(Get Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

See Also

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.