Visa Inc. (V) Forecasted to Post FY2017 Earnings of $3.43 Per Share
Visa Inc. (NYSE:V) – Wedbush lifted their FY2017 earnings estimates for Visa in a research report issued to clients and investors on Thursday. Wedbush analyst M. Katri now expects that the credit-card processor will earn $3.43 per share for the year, up from their previous forecast of $3.38. Wedbush also issued estimates for Visa’s Q4 2017 earnings at $0.85 EPS, Q2 2018 earnings at $0.97 EPS, Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at $1.01 EPS, Q1 2019 earnings at $1.12 EPS, Q2 2019 earnings at $1.13 EPS, Q3 2019 earnings at $1.21 EPS, Q4 2019 earnings at $1.18 EPS and FY2019 earnings at $4.65 EPS.
A number of other equities research analysts also recently weighed in on the stock. Mizuho restated a “buy” rating and issued a $115.00 price target on shares of Visa in a research note on Thursday. Cowen and Company restated a “buy” rating and issued a $107.00 price target on shares of Visa in a research note on Thursday. Wells Fargo & Company upgraded shares of Visa from a “market perform” rating to an “outperform” rating and raised their price target for the company from $107.01 to $120.00 in a research note on Tuesday. KeyCorp restated a “buy” rating and issued a $110.00 price target on shares of Visa in a research note on Wednesday, October 4th. Finally, Robert W. Baird restated an “outperform” rating and issued a $128.00 price target (up from $122.00) on shares of Visa in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Visa currently has an average rating of “Buy” and an average target price of $109.40.
WARNING: This piece was posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/13/visa-inc-v-forecasted-to-post-fy2017-earnings-of-3-43-per-share.html. Visa (NYSE:V) last released its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The company’s revenue was up 25.8% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mercer Capital Advisers Inc. boosted its holdings in Visa by 2.2% during the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after acquiring an additional 25 shares during the last quarter. Motco boosted its holdings in Visa by 25.1% during the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after acquiring an additional 236 shares during the last quarter. BDO Wealth Advisors LLC purchased a new position in Visa during the 2nd quarter worth $115,000. Mascoma Wealth Management LLC purchased a new position in Visa during the 2nd quarter worth $122,000. Finally, MPS Loria Financial Planners LLC purchased a new position in Visa during the 2nd quarter worth $123,000. 81.68% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction on Thursday, July 27th. The shares were 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 owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of Visa 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. Company insiders own 0.14% of the company’s stock.
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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