Visa Inc. (V) to Post FY2019 Earnings of $4.65 Per Share, Oppenheimer Holdings Forecasts
Visa Inc. (NYSE:V) – Stock analysts at Oppenheimer Holdings issued their FY2019 earnings per share (EPS) estimates for shares of Visa in a research report issued to clients and investors on Tuesday. Oppenheimer Holdings analyst G. Greene forecasts that the credit-card processor will post earnings per share of $4.65 for the year.
A number of other equities research analysts have also recently weighed in on V. Wells Fargo & Company upgraded shares of Visa from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $107.01 to $120.00 in a research report on Tuesday, October 10th. Loop Capital lifted their price target 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 lifted their price target 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. Cantor Fitzgerald started coverage on shares of Visa in a research report on Thursday, September 28th. They set an “overweight” rating and a $120.00 price target for the company. Finally, Instinet lifted their price target 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. 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. The stock has an average rating of “Buy” and an average price target of $111.50.
Shares of Visa (NYSE:V) traded down 0.75% during trading on Thursday, reaching $106.99. 6,471,959 shares of the company traded hands. The stock has a market capitalization of $244.62 billion, a PE ratio of 39.79 and a beta of 0.93. The firm has a 50 day moving average of $105.55 and a 200 day moving average of $98.05. Visa has a 52 week low of $75.17 and a 52 week high of $109.26.
Visa (NYSE:V) last issued 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. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The firm’s revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.72%. This is an increase from Visa’s previous quarterly dividend of $0.17. Visa’s payout ratio is currently 24.54%.
In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was 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 currently owned by insiders.
Several large investors have recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in Visa in the 2nd quarter valued at $958,000. Mercer Capital Advisers Inc. raised its position in Visa by 2.2% in the 1st 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 last quarter. Motco raised its position in Visa by 25.1% in the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after purchasing an additional 236 shares during the last quarter. MPS Loria Financial Planners LLC purchased a new stake in Visa in the 2nd quarter valued at $123,000. Finally, BDO Wealth Advisors LLC purchased a new stake in Visa in the 2nd quarter valued at $115,000. Institutional investors and hedge funds own 81.65% 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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