Visa Inc (V) to Release Quarterly Earnings on Wednesday
Visa Inc (NYSE:V) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 25th. Analysts expect the company to announce earnings of $0.85 per share for the quarter.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Visa had a net margin of 45.10% and a return on equity of 30.90%. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The firm’s revenue was up 25.8% on a year-over-year basis. On average, analysts expect Visa to post $3.43 EPS for the current fiscal year and $4.00 EPS for the next fiscal year.
Shares of Visa Inc (V) opened at 107.54 on Wednesday. The stock has a market capitalization of $245.88 billion, a price-to-earnings ratio of 39.99 and a beta of 0.94. Visa Inc has a 12-month low of $75.17 and a 12-month high of $109.26. The firm has a 50-day moving average of $105.24 and a 200 day moving average of $97.71.
V has been the topic of a number of recent research reports. Wells Fargo & Company upgraded shares of Visa from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $107.01 to $120.00 in a research note on Tuesday, October 10th. UBS AG restated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Deutsche Bank AG lifted their price objective on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Nomura boosted their price target on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, KeyCorp reiterated a “buy” rating and set a $110.00 price target on shares of Visa in a research note on Friday, August 25th. Two research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. Visa currently has a consensus rating of “Buy” and an average target price of $110.66.
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In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 17,360 shares in the company, 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 the firm’s stock in a transaction dated 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.
Several large investors have recently bought and sold shares of V. King Luther Capital Management Corp boosted its holdings in shares of Visa by 1.3% in the second quarter. King Luther Capital Management Corp now owns 688,340 shares of the credit-card processor’s stock worth $64,553,000 after buying an additional 8,866 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Visa by 16.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 8,168 shares of the credit-card processor’s stock worth $767,000 after buying an additional 1,136 shares during the period. Captrust Financial Advisors acquired a new position in shares of Visa in the second quarter worth about $926,000. Icon Advisers Inc. Co. boosted its holdings in shares of Visa by 7.7% in the second quarter. Icon Advisers Inc. Co. now owns 139,780 shares of the credit-card processor’s stock worth $13,109,000 after buying an additional 10,000 shares during the period. Finally, Chemical Bank boosted its holdings in shares of Visa by 5.3% in the second quarter. Chemical Bank now owns 29,654 shares of the credit-card processor’s stock worth $2,780,000 after buying an additional 1,499 shares during the period. Institutional investors own 81.65% 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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