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

PayPal Holdings, Inc. (NASDAQ:PYPL) announced a quarterly dividend on Monday, May 4th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 4th will be paid a dividend of 0.14 per share by the credit services provider on Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th.

PayPal Price Performance

NASDAQ:PYPL opened at $47.15 on Wednesday. The business’s 50-day moving average is $46.73 and its 200 day moving average is $54.28. PayPal has a 12 month low of $38.46 and a 12 month high of $79.50. The company has a market capitalization of $42.42 billion, a P/E ratio of 8.71, a P/E/G ratio of 1.45 and a beta of 1.39. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.07. The business had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. PayPal had a return on equity of 25.42% and a net margin of 15.77%.The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. On average, equities research analysts forecast that PayPal will post 5.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on PYPL. HSBC cut shares of PayPal from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a research report on Wednesday, February 4th. William Blair reissued a “market perform” rating on shares of PayPal in a research note on Tuesday, February 3rd. Argus reduced their target price on shares of PayPal from $87.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Evercore decreased their target price on shares of PayPal from $65.00 to $40.00 and set an “in-line” rating on the stock in a research report on Tuesday, February 3rd. Finally, Wall Street Zen downgraded shares of PayPal from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Eight analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, PayPal presently has a consensus rating of “Hold” and a consensus price target of $56.53.

PayPal Company Profile

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.