Stock Monitor: Oaktree Specialty Lending Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 14, 2018 / Active-Investors.com has just released a free earnings report on PayPal Holdings, Inc. (NASDAQ: PYPL) ("PayPal"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PYPL. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on January 31, 2018. The technology platform and digital payments Company outperformed top- and bottom-line expectations, and provided revenue and earnings guidance for the upcoming quarter and fiscal year. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Oaktree Specialty Lending Corp. (NASDAQ: OCSL), which also belongs to the Financial sector as the Company PayPal Holdings. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=OCSL

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, PayPal Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=PYPL

Earnings Highlights and Summary

For Q4 2017, PayPal's GAAP revenues surged 26% to $3.74 billion compared to $2.98 billion in Q4 2016. On a non-GAAP basis, the Company's revenue advanced 24% to $3.71 billion. PayPal's revenue numbers topped analysts' expectations of $3.63 billion.

For the full year FY17, PayPal generated GAAP revenues of $13.09 billion, reflecting a growth of 21% compared to $10.84 billion in FY16. The Company recorded a non-GAAP revenue growth of 20% to $13.06 billion.

During Q4 2017, PayPal reported a GAAP operating margin of 22.5% compared to 15.4% in Q4 2016. The Company posted a non-GAAP operating margin of 21.8% in the reported quarter versus 20.8% in the year earlier same quarter.

In November 2017, PayPal announced that Synchrony Financial will acquire its US consumer credit receivables portfolio, which totaled approximately $6.4 billion in receivables as of December 31, 2017. Subject to regulatory approval and other customary conditions, this transaction is expected to close in Q3 2018. The impact from the one-time adjustments related to held-for-sale accounting was a benefit of $0.25 per diluted share to GAAP earnings.

PayPal reported a GAAP net income of $620 million, or $0.50 per diluted share, compared to $390 million, or $0.32 per diluted share, in Q4 2016. The Company's reported quarter results included the benefit of held-for-sale accounting of $0.25 per share, partially offset by the impact from the Tax Act of $0.15 per share. On a non-GAAP basis, the Company's earnings surged 30% to $0.55 per share versus $0.42 per diluted share in the year earlier comparable quarter, and were ahead of Wall Street's estimates of $0.52 per share.

For FY17, PayPal's earnings totaled $1.80 billion, or $1.47 per diluted share, compared to $1.40 billion, or $1.15 per diluted share, in FY16. The Company's non-GAAP earnings jumped 27% to $1.90 per share.

Operating Highlights

During Q4 2017, PayPal added 8.7 million active customer accounts, with net new actives up 61% on a y-o-y basis. The Company reported 2.2 billion payment transactions in the reported quarter, up 25% on a y-o-y basis. The Company had 33.6 payment transactions per active account on a trailing twelve months basis, up 8% on a y-o-y basis.

PayPal recorded $131 billion in total payment volume (TPV) in Q4 2017, up 32% on a y-o-y basis. The Company's Merchant Services TPV grew 36% on a y-o-y basis, and represented 87% of overall TPV for the reported quarter. eBay volume grew 10% on a y-o-y basis, and represented approximately 13% of overall TPV for Q4 2017 compared to approximately 16% in Q4 2016.

During Q4 2017, PayPal's Person-to-Person (P2P) volume grew 50% to approximately $27 billion, and represented approximately 20% of TPV. Venmo, PayPal's social payments platform, processed $10.4 billion in payment volume in Q4 2017, reflecting an increase of 86% on a y-o-y basis, and for the first time surpassed $10 billion in payment volume processed in a quarter. For FY17, Venmo's volume increased 97% with approximately $35 billion in payment volume processed.

PayPal processed approximately $48 billion in mobile payment volume in Q4 2017, representing an approximately 53% growth on a y-o-y basis, driven by strong mobile engagement on the Company's platform over the holiday shopping season.

For FY17, PayPal had active customer accounts of 227 million, up 15%, with a growth of 29 million net new actives. The Company reported 7.6 billion payment transactions in FY17, up 24% on a y-o-y basis and $451 billion in TPV, up 27% compared to the prior year. For FY17, PayPal recorded 33.6 payment transactions per active account on a trailing twelve months basis, up 8% on a y-o-y basis.

Cash Matters

PayPal's cash, cash equivalents, and investments totaled $7.7 billion as of December 31, 2017. During FY17, the Company returned $1.01 billion to stockholders by repurchasing 19.7 million shares of its common stock at an average price of $51 per share.

Outlook

For the full year FY18, PayPal is forecasting revenues in the range of $15.00 billion - $15.25 billion. The Company is estimating GAAP earnings per diluted share in the band of $1.79 - $1.86, and non-GAAP earnings per diluted share in the range of $2.24 - $2.30.

For Q1 2018, PayPal is projecting revenues to be in the band of $3.58 billion - $3.63 billion. The Company is expecting GAAP earnings per diluted share in the range of $0.41 - $0.43, and non-GAAP earnings per diluted share in the band of $0.52 - $0.54.

Stock Performance Snapshot

February 13, 2018 - At Tuesday's closing bell, PayPal Holdings' stock slightly dropped 0.41%, ending the trading session at $74.97.

Volume traded for the day: 7.73 million shares.

Stock performance in the last three-month ? up 1.32%; previous six-month period ? up 26.94%; past twelve-month period ? up 82.10%; and year-to-date ? up 1.83%

After yesterday's close, PayPal Holdings' market cap was at $87.18 billion.

Price to Earnings (P/E) ratio was at 51.03.

The stock is part of the Financial sector, categorized under the Credit Services industry. This sector was up 0.2% at the end of the session.

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