Visa Inc. (NYSE:V) – Analysts at KeyCorp increased their FY2017 EPS estimates for shares of Visa in a research report issued on Thursday. KeyCorp analyst J. Beck now forecasts that the credit-card processor will post earnings per share of $3.42 for the year, up from their previous forecast of $3.31. KeyCorp also issued estimates for Visa’s Q4 2017 earnings at $0.84 EPS, Q1 2018 earnings at $0.99 EPS, Q2 2018 earnings at $0.94 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $1.05 EPS and FY2018 earnings at $3.97 EPS.

Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. Visa had a return on equity of 31.04% and a net margin of 36.53%. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the firm posted $0.69 EPS. Visa’s quarterly revenue was up 25.8% compared to the same quarter last year.

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Other equities research analysts have also recently issued reports about the company. Oppenheimer Holdings, Inc. boosted their price target on Visa from $100.00 to $106.00 in a research note on Tuesday, July 18th. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $95.32 price target for the company in a research note on Thursday, April 27th. Instinet reiterated a “buy” rating and issued a $105.00 price target (up from $103.00) on shares of Visa in a research note on Sunday, April 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a $104.00 price target on shares of Visa in a research note on Sunday, April 23rd. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $100.00 price target on shares of Visa in a research note on Thursday, May 25th. Five analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $103.37.

Visa (NYSE V) opened at 99.60 on Monday. The stock has a 50 day moving average price of $95.30 and a 200-day moving average price of $90.04. Visa has a one year low of $75.17 and a one year high of $100.49. The firm has a market capitalization of $227.73 billion, a PE ratio of 37.04 and a beta of 0.93.

A number of hedge funds have recently modified their holdings of the stock. Mercer Capital Advisers Inc. boosted its stake in shares of Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after buying an additional 25 shares during the period. Mascoma Wealth Management LLC purchased a new stake in shares of Visa during the second quarter worth approximately $122,000. SpiderRock Advisors LLC boosted its stake in shares of Visa by 107.1% in the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after buying an additional 19,709 shares during the period. Advantage Investment Management LLC boosted its stake in shares of Visa by 27.4% in the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after buying an additional 314 shares during the period. Finally, Delta Asset Management LLC TN boosted its stake in shares of Visa by 2.5% in the first quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after buying an additional 38 shares during the period. 81.92% of the stock is currently owned by institutional investors and hedge funds.

In related news, Vice Chairman Ellen Richey sold 31,260 shares of the stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $91.94, for a total value of $2,874,044.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.66%. Visa’s payout ratio is 24.54%.

Visa announced that its Board of Directors has approved a share buyback plan on Thursday, April 20th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to buy up to 2.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Earnings History and Estimates for Visa (NYSE:V)

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