Zacks: Analysts Anticipate Visa Inc. (V) Will Announce Earnings of $0.85 Per Share
Equities research analysts expect that Visa Inc. (NYSE:V) will announce earnings per share of $0.85 for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Visa’s earnings, with the highest EPS estimate coming in at $0.87 and the lowest estimate coming in at $0.81. Visa reported earnings per share of $0.78 in the same quarter last year, which suggests a positive year over year growth rate of 9%. The business is scheduled to report its next quarterly earnings results on Monday, October 23rd.
According to Zacks, analysts expect that Visa will report full-year earnings of $3.42 per share for the current fiscal year, with EPS estimates ranging from $3.38 to $3.44. For the next financial year, analysts anticipate that the business will post earnings of $3.99 per share, with EPS estimates ranging from $3.90 to $4.06. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Visa.
Visa (NYSE:V) last posted its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 earnings per share.
A number of equities research analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $100.00 price objective (up previously from $96.00) on shares of Visa in a research report on Tuesday, June 6th. Loop Capital boosted their price objective on shares of Visa from $101.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, July 21st. They noted that the move was a valuation call. Deutsche Bank AG boosted 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. Instinet boosted 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, BidaskClub raised shares of Visa from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $104.90.
In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the sale, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Krilogy Financial LLC grew its position in shares of Visa by 0.3% in the second quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock valued at $241,000 after purchasing an additional 7 shares during the period. Capital Investment Advisory Services LLC grew its position in shares of 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 purchasing an additional 20 shares during the period. Baker Ellis Asset Management LLC grew its position in shares of 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 purchasing an additional 20 shares during the period. Mercer Capital Advisers Inc. grew its position 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 valued at $104,000 after purchasing an additional 25 shares during the period. Finally, Smithfield Trust Co. grew its position in shares of 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 purchasing an additional 25 shares during the period. Institutional investors own 81.74% of the company’s stock.
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Visa (NYSE:V) traded up 0.63% during midday trading on Thursday, hitting $106.50. The company’s stock had a trading volume of 817,050 shares. Visa has a 12 month low of $75.17 and a 12 month high of $106.64. The firm has a market cap of $243.50 billion, a P/E ratio of 39.61 and a beta of 0.94. The company’s 50 day moving average price is $102.34 and its 200 day moving average price is $94.93.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.62%. Visa’s payout ratio is currently 24.54%.
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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