Baird Reiterates Outperform on PayPal (PYPL) Following 3Q

Detailed Review of PayPal's (PYPL) First Earnings and Analyst Wrap

October 29, 2015 1:36 PM UTC

PayPal (NASDAQ: PYPL) reported its first quarter as an independent company last evening and we had a chance to review a number of sell side notes. Analysts for the most part are looking through the top line miss and expecting the earnings support to carry the stock higher as volumes continue to improve. Notes from the call, key metrics and analyst commentary follows:

Paypal reported quarterly results with revenue missing consensus by less than 1%. Weaker China and Europe were to blame for the revenue miss but improving margins more than... More

PayPal (PYPL) Reaffirms Guidance Following Solid 3Q; Canaccord Genuity Reiterates Buy

October 29, 2015 10:29 AM UTC

Canaccord Genuity reiterated a Buy rating on PayPal (NASDAQ: PYPL), and raised the price target to $44.00 (from $43.00), following the company's 3Q earnings report. PayPal reported solid Q3 results, with revenue missing consensus by less than 1% and EPS beating by 6%. PayPal communicated that the... More

Paypal (PYPL) Misses Out of the Gate as Take Rates Decline

October 29, 2015 9:09 AM UTC

PayPal (NASDAQ: PYPL) missed consensus revenue by 1% although EPS of $0.31 beat consensus of $0.29 as PYPL delivered 200bps of operating margin expansion. Total Payment Volume (TPV) in constant currency grew 27% as the take-rate declined to 3.24% from 3.39%. Even as the take rate declined, PYPL expanded operating margins 200bps... More

PayPal (PYPL) Reported a 3Q EPS Beat; RBC Capital Reiterates Outperform

October 29, 2015 7:36 AM UTC

RBC Capital reiterated an Outperform rating and $46.00 price target on PayPal (NASDAQ: PYPL) following the company's 3Q earnings results. PayPal reported Q3/15 adjusted EPS of $0.31, $0.02 above the Street's estimate.

Analyst Daniel Perlin commented, "In general, we believe that PayPals first stand-alone... More

FX Headwinds Negatively Effect 3Q Results for PayPal (PYPL); Compass Point Reiterates Buy

October 29, 2015 6:54 AM UTC

Compass Point reiterated a Buy rating and $45.00 price target on PayPal (NASDAQ: PYPL) following the company's 3Q15 earnings results. Revenue of $2.26B rose 15% YOY and 19% on an FX neutral basis, missing consensus of $2.28B, as FX-headwinds negatively impacted transaction revenues.

Analyst Michael... More

PayPal (PYPL) Margins, Revenue Boost Due to Renegotiated Terms; Evercore Maintains at 'Sell'

October 29, 2015 6:34 AM UTC

Evercore ISI affirms PayPal (Nasdaq: PYPL) at Sell with a price target of $31 following Q3 results reported Wednesday night.

Analyst Ken Sena noted the following:

Favorable Synchrony effect is recurring, as PYPL expects ~75% of the $37mm Synchrony payment quarterly now... More

Market Wrap: FOMC Hints as 2015 Hike; Icahn Gets Active on AIG; GoPro Q3 Misses Mark

October 28, 2015 5:55 PM UTC

Market wrap for October 28th

End of the Day: S&P 500 up 24.5 to 2,090.35; Dow Jones up 198.1 to 17,778.52; Nasdaq up 65.5 to 5,095.69

Market Brief: Markets slipped and rebounded following FOMC suggestion that there might be a rate hike with the last meeting of the year.

Carl Icahn said he took a stake in AGI and sought to split the company into three.

GoPro fell late Wednesday as Q3 results missed expectations.

Diamond Foods will be acquired by Snyder's-Lance.

Crude rose 6.3 percent to $45.94 per... More

PayPal's China, Europe transaction volumes hit by strong dollar

October 28, 2015 4:26 PM UTC

By Arathy S Nair

(Reuters) - Payment processor PayPal Holdings Inc (NASDAQ: PYPL), spun off from eBay Inc (NASDAQ: EBAY) reported quarterly revenue slightly below analysts' expectations as a strong dollar hurt its transaction volumes in China and Europe.

Shares of PayPal, which listed for the second time on the Nasdaq in July, fell 5.6 percent in extended trading on Wednesday.

PayPal's third-quarter revenue rose about 14 percent to $2.26 billion, nearly half of which came from markets outside the United States.

... More

PayPal (PYPL) Tops Q3 EPS by 2c; Guides FY15 EPS Inline

October 28, 2015 4:16 PM UTC

PayPal (NASDAQ: PYPL) reported Q3 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.27 billion.

PayPal is entirely focused on digital payments and transforming money for people around the world. This clear focus and our strong value proposition allowed us to deliver strong financial results in the third quarter, said Dan Schulman, President... More

Streetinsider.com's Hot Lunchtime Reads 10/28: (KING) (POM) (PYPL) (MRCY)

October 28, 2015 12:22 PM UTC

The following is a list of notable articles to help get you through the lunch hour:King Digital (KING) Dips; Facebook (FB) Said Working to Stem Candy Crush Saga Invites ->... More

Wall Street Amped Up for PayPal's (PYPL) First Quarter as Independent Company

October 28, 2015 11:40 AM UTC

PayPal (NASDAQ: PYPL) will report its first quarter as an independent company post spin-out today after the close. Bob Peck from SunTrust Robinson Humphrey published an earnings preview detailing the issues that are likely to be brought out on the call. The analyst expects a confident tone and solid results/guidance.

Upward pressure on volume, downward pressure on take rate. Braintree disclosed that... More

Trading Radar for 10/28: GoPro (GPRO), Walgreens Boots (WBA), Western Digital (WDC), Marriott (MAR) Report

October 27, 2015 2:35 PM UTC

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

Earnings:

AAC Holdings (NYSE: AAC) - consensus EPS $0.16
ACCO Brands Corporation (Nasdaq: ACCO) - consensus EPS $0.27
ADP (NYSE: ADP) - consensus EPS $0.66
AGCO Corp. (Nasdaq: AGCO) - consensus EPS $0.53
Anthem (NYSE: ANTM) - consensus... More

PayPal says makes $1 billion in small-business loans in first two years

October 27, 2015 12:32 PM UTC

By Nandita Bose

LAS VEGAS (Reuters) - PayPal Holdings Inc (NASDAQ: PYPL), the online payment processor, said on Tuesday its small-business lending program has processed $1 billion in loans in the first two years of its launch and more than doubled loan growth in that span.

PayPal Working Capital is extending short-term loans totaling more than $100 million per month, or $3... More