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PayPal (PYPL) Appoints Ann M. Sarnoff to Board of Directors
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PayPal Holdings, Inc. (PYPL - Free Report) recently announced changes at the management level with the appointment of Ann M. Sarnoff to its Board of Directors. Her appointment was effective Jun 27.
Ms. Sarnoff will serve on PayPal's Audit, Risk and Compliance Committee.
Coming to the share price movement, in the last one year, the company’s shares have outperformed the Zacks categorized Internet Software industry. It has returned 46.3% compared with the industry’s gain of 22.8%.
In her illustrious career, Ann held responsible positions at a number of reputable organizations. She was the President of BBC Worldwide - Americas, the main commercial arm and wholly owned subsidiary of the public service broadcaster British Broadcasting Corporation (BBC). Prior to that, she was the President of Dow Jones Ventures and Senior Vice President of Strategy. She has also worked for the Women’s National Basketball Association (WNBA), Viacom, VH1 and CMT.
Management believes that her experience in creating partnerships and joint ventures to drive profitability and growth will be instrumental in helping the company achieve long-term goals.
Dan Schulman, president and chief executive officer of PayPal, said “Ann’s experience and impressive track record of forging partnerships and joint ventures to drive profitability and growth, and building consumer-driven businesses, aligns well with our strategy. We are successfully forging alliances across our ecosystem to give our customers more choice in where and how they can pay with PayPal.”
Recent Results & Looking Ahead
PayPal delivered strong first-quarter 2017 results, wherein adjusted earnings of 36 cents surpassed the Zacks Consensus Estimate of 33 cents. Also, revenues of $2.98 billion were above the Zacks Consensus Estimate of $2.93 billion.
For the second quarter of 2017, PayPal expects revenues to grow in the range of 17–19% on an Fx-neutral basis to $3.05–$3.1 billion. The Zacks Consensus Estimate is pegged at $3.09 billion. Non-GAAP earnings are expected to be in the range of 41–43 cents. The Zacks Consensus Estimate is pegged at 32 cents.
For 2017, PayPal increased its expectations. The company now expects revenues between $12.52 billion and $12.72 billion against its earlier expectations of $12.45–$12.65 billion. The Zacks Consensus Estimate is pegged at 12.70 billion.
To Conclude
PayPal is a worldwide online payments system operator.
The company is riding high on partnerships and mobile centrism. PayPal’s ongoing strategic partnerships with Visa and MasterCard offer great flexibility and choice to consumers. Partnerships with Facebook, Alibaba’s AliExpress and Alphabet’s Google, Intuit and other major retailers and financial institutions are also delivering positive results.
However, continuous exposure to foreign exchange and interest rate risks are concerns
Zacks Rank and Stocks to Consider
Teradyne carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are KLA-Tencor (KLAC - Free Report) , Applied Materials (AMAT - Free Report) and Advanced Energy Industries, Inc. (AEIS - Free Report) . While KLA-Tencor and Applied Materials sport a Zacks Rank #1 (Strong Buy), Advanced Energy Industries, Inc. carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
KLA-Tencor delivered a positive earnings surprise of 11.55%, on average, in the last four quarters.
Applied Materials delivered a positive earnings surprise of 3.35%, on average, in the trailing four quarters.
Advanced Energy Industries, Inc. delivered a positive earnings surprise of 10.46%, on average, in the trailing four quarters.
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PayPal (PYPL) Appoints Ann M. Sarnoff to Board of Directors
PayPal Holdings, Inc. (PYPL - Free Report) recently announced changes at the management level with the appointment of Ann M. Sarnoff to its Board of Directors. Her appointment was effective Jun 27.
Ms. Sarnoff will serve on PayPal's Audit, Risk and Compliance Committee.
Coming to the share price movement, in the last one year, the company’s shares have outperformed the Zacks categorized Internet Software industry. It has returned 46.3% compared with the industry’s gain of 22.8%.
In her illustrious career, Ann held responsible positions at a number of reputable organizations. She was the President of BBC Worldwide - Americas, the main commercial arm and wholly owned subsidiary of the public service broadcaster British Broadcasting Corporation (BBC). Prior to that, she was the President of Dow Jones Ventures and Senior Vice President of Strategy. She has also worked for the Women’s National Basketball Association (WNBA), Viacom, VH1 and CMT.
Management believes that her experience in creating partnerships and joint ventures to drive profitability and growth will be instrumental in helping the company achieve long-term goals.
Dan Schulman, president and chief executive officer of PayPal, said “Ann’s experience and impressive track record of forging partnerships and joint ventures to drive profitability and growth, and building consumer-driven businesses, aligns well with our strategy. We are successfully forging alliances across our ecosystem to give our customers more choice in where and how they can pay with PayPal.”
Recent Results & Looking Ahead
PayPal delivered strong first-quarter 2017 results, wherein adjusted earnings of 36 cents surpassed the Zacks Consensus Estimate of 33 cents. Also, revenues of $2.98 billion were above the Zacks Consensus Estimate of $2.93 billion.
For the second quarter of 2017, PayPal expects revenues to grow in the range of 17–19% on an Fx-neutral basis to $3.05–$3.1 billion. The Zacks Consensus Estimate is pegged at $3.09 billion. Non-GAAP earnings are expected to be in the range of 41–43 cents. The Zacks Consensus Estimate is pegged at 32 cents.
For 2017, PayPal increased its expectations. The company now expects revenues between $12.52 billion and $12.72 billion against its earlier expectations of $12.45–$12.65 billion. The Zacks Consensus Estimate is pegged at 12.70 billion.
To Conclude
PayPal is a worldwide online payments system operator.
The company is riding high on partnerships and mobile centrism. PayPal’s ongoing strategic partnerships with Visa and MasterCard offer great flexibility and choice to consumers. Partnerships with Facebook, Alibaba’s AliExpress and Alphabet’s Google, Intuit and other major retailers and financial institutions are also delivering positive results.
However, continuous exposure to foreign exchange and interest rate risks are concerns
Zacks Rank and Stocks to Consider
Teradyne carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are KLA-Tencor (KLAC - Free Report) , Applied Materials (AMAT - Free Report) and Advanced Energy Industries, Inc. (AEIS - Free Report) . While KLA-Tencor and Applied Materials sport a Zacks Rank #1 (Strong Buy), Advanced Energy Industries, Inc. carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
KLA-Tencor delivered a positive earnings surprise of 11.55%, on average, in the last four quarters.
Applied Materials delivered a positive earnings surprise of 3.35%, on average, in the trailing four quarters.
Advanced Energy Industries, Inc. delivered a positive earnings surprise of 10.46%, on average, in the trailing four quarters.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>