Business

PayPal Holdings, Inc. (PYPL) P/E ratio is noted at 65.20

PayPal Holdings, Inc. (PYPL) P/E ratio is noted at 65.20”

PayPal and eBay, two brands that were best friends forever for like 15 years or so, are destined to be platonic besties no longer.

"eBay intends to further improve its customer experience by intermediating payments on its Marketplace platform", the market site said.

At the news, PayPal shares fell by 8.5% to $78.08.

"We believe that we can offer a more seamless experience while giving buyers and sellers more choice for payment and payout options", eBay CEO Devin Wenig told analysts, the Wall Street Journal reported. The firm stands at price to sale ratio of 6.13 that signifies the value placed on each dollar of a firm's sales or incomes; it is most relevant ratio to compare companies in similar sector.

The multinational ecommerce company said that it had partnered with Dutch payments company Adyen for its global payments processing, which would allow users to remain on eBay's website instead of being diverted to a separate PayPal screen.

PayPal said its adjusted earnings per share was expected to fall between $2.24 and $2.30. As a matter of fact, eBay purchased the online payment company for $1.5 billion Dollars in 2002.

eBay shares opened 13.50% higher at $46.06.

Dan Schulman, chief executive of PayPal sought to allay worries over the changing relationship with eBay, the company´s former parent, describing this as "manageable". Analysts expected PayPal to report earnings of 52 cents on sales of $3.63 billion for the quarter ended December 31.

EBay said that it would begin replacing PayPal as it's default payment processing option in some areas of the U.S., in the second half of 2018.

PayPal spokeswoman Amanda Miller said the company will "continue to provide a comprehensive payments solution to eBay through July 2020".

PayPal's new strategic direction has led to partnerships with numerous large financial institutions and big technology companies including Alphabet Inc's (GOOG.O) Google, Apple Inc (AAPL.O), Mastercard Inc (MA.N), Visa Inc (V.N) and JPMorgan Chase & Co (JPM.N).

"The company is committed to working closely with its seller community to address the features and benefits that are most important to them and to ensure a smooth payments transition".

It has signed an agreement with Adyen to become its primary payments processing partner.

The company's Average Earnings Estimate for the Current Fiscal quarter is $0.54, according to consensus of 37 analysts. A strong and prospering eBay is a good thing, but only time will tell.



Like this

Latest


01 February 2018
Miami Heat at Cleveland Cavaliers Preview 01/31/18
Andre Drummond dominated the Cavaliers as he posted a monster double-double of 21 points and 22 rebounds on the night. The lineup change helped the Cavaliers win two straight before playing the Pistons on January 30.

01 February 2018
Jaguar I-Pace to debut before Geneva; cold-weather testing video released
EV batteries don't usually like the cold, but Jaguar figured out a clever solution to that problem. I-Pace recently scooped the most anticipated new auto award of 2018 at the What vehicle ? awards.

01 February 2018
Transport for NSW boosts digital experience with Amazon Alexa
However, you can even specify up front as 'send a text message, ' which will directly send a text message to the specified person. Amazon claims it can not add the SMS feature to Apple devices since the latter doesn't offer messaging API to third-parties.

30 January 2018
White House Press Briefing Following McCabe's 'REMOVAL' from Federal Bureau of Investigation
The tweet was part of Trump's efforts , discussed with White House aides, to discredit F.B.I. officials. McCabe was at the center of another major development in the Russian Federation investigation.

29 January 2018
Triple Talaq Bill, poor farmers top agenda, says Modi
Today government made a strong decision that they will ensure passage of talaq bill in the Budget session of the parliament. Parliament will be adjourned for recess on February 9 to reassemble on March 5.

28 January 2018
United States stocks open higher after earnings reports
US stock index futures rose ahead of Wall Street's open Thursday as Caterpillar reported better-than-expected quarterly results. Benchmark 10-year notes US10YT=RR last fell 11/32 in price to yield 2.6599 percent, from 2.621 percent late on Thursday.

28 January 2018
Xbox One Backwards Compatibility games REVEAL: Microsoft's THREE new Xbox 360 titles
Starting now and continuing until 11:59 PM on Sunday, January 28, you can explore the ruins of a post-apocalyptic Boston. Some of the downloadable contents will be made available on the first day and the others on the 16th of the month.

28 January 2018
Modern fossil discovery rewrites human history
The revelation means early Homo sapiens left Africa at least 120,000 years earlier than we had previously thought. The entrance to Misliya Cave, one of several caves located on the west side of Mt.

27 January 2018
Michigan State athletic director announces retirement
They spoke directly to victims, as fathers, as women, as people who had pledged to care for students at this public university. Michigan State gymnastics coach Kathie Klages resigned past year after she was suspended for defending Nassar.

26 January 2018
Two dead and dozens injured as train derails in Italy
About 100 other people sustained light injuries, Cristina Corbetta, an official with the regional emergency services said . According to the reports , fire fighters were seen gathering in the coach trying to evacuate the injured passengers.



Recommended