Visa Inc. (NYSE:V) Expected to Post Earnings of $0.85 Per Share
Equities research analysts predict that Visa Inc. (NYSE:V) will report earnings per share of $0.85 for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Visa’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.81. Visa posted earnings of $0.78 per share during the same quarter last year, which would indicate a positive year over year growth rate of 9%. The business is scheduled to announce its next earnings report on Monday, October 23rd.
On average, analysts expect that Visa will report full-year earnings of $3.42 per share for the current financial year, with EPS estimates ranging from $3.39 to $3.44. For the next year, analysts forecast that the firm will post earnings of $3.98 per share, with EPS estimates ranging from $3.90 to $4.06. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Visa.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share.
V has been the subject of a number of research analyst reports. Citigroup Inc. reissued a “buy” rating and issued a $100.00 price target on shares of Visa in a research report on Thursday, May 25th. Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $95.32 price objective on the stock in a research report on Thursday, April 27th. Deutsche Bank AG raised their price objective on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Nomura raised their price objective on shares of Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, Credit Suisse Group set a $112.00 price objective on shares of Visa and gave the company a “buy” rating in a research report on Saturday, July 22nd. Four research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $104.56.
Visa (V) traded up 0.07% during trading on Tuesday, hitting $101.56. 1,973,639 shares of the stock were exchanged. The stock’s 50-day moving average price is $96.32 and its 200-day moving average price is $91.20. Visa has a 12-month low of $75.17 and a 12-month high of $101.56. The firm has a market cap of $232.21 billion, a PE ratio of 37.77 and a beta of 0.94.
The firm also recently declared 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 dividend yield of 0.65%. Visa’s dividend payout ratio is 24.54%.
Visa announced that its Board of Directors has approved a share buyback program on Thursday, April 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the credit-card processor to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
In related news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in V. Integrated Investment Consultants LLC raised its stake in shares of Visa by 0.7% in the first quarter. Integrated Investment Consultants LLC now owns 2,961 shares of the credit-card processor’s stock worth $263,000 after buying an additional 20 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in Visa by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock valued at $445,000 after buying an additional 20 shares during the last quarter. Baker Ellis Asset Management LLC raised its position in Visa by 0.3% in the second quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock valued at $587,000 after buying an additional 20 shares during the last quarter. Mercer Capital Advisers Inc. raised its position in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after buying an additional 25 shares during the last quarter. Finally, Smithfield Trust Co. raised its position in Visa by 0.3% in the first quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock valued at $804,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.
Visa Company Profile
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.
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