Brokerages Anticipate Visa Inc. (V) Will Announce Quarterly Sales of $4.62 Billion
Analysts forecast that Visa Inc. (NYSE:V) will report sales of $4.62 billion for the current quarter, according to Zacks. Ten analysts have provided estimates for Visa’s earnings, with estimates ranging from $4.57 billion to $4.66 billion. Visa posted sales of $4.26 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.5%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, October 25th.
According to Zacks, analysts expect that Visa will report full-year sales of $4.62 billion for the current fiscal year, with estimates ranging from $18.07 billion to $18.17 billion. For the next financial year, analysts expect that the business will report sales of $19.92 billion per share, with estimates ranging from $19.60 billion to $20.16 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Visa.
Visa (NYSE:V) last announced its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. Visa’s revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS.
Several analysts recently issued reports on V shares. Oppenheimer Holdings, Inc. boosted their target price on shares of Visa from $100.00 to $106.00 in a research report on Tuesday, July 18th. Nomura boosted their target price 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. Instinet boosted their target price 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. Loop Capital boosted their target price 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. Finally, Jefferies Group LLC boosted their target price on shares of Visa from $104.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. 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 an average rating of “Buy” and an average price target of $111.86.
Shares of Visa (NYSE:V) opened at 107.55 on Monday. The stock has a market capitalization of $245.91 billion, a PE ratio of 40.00 and a beta of 0.93. Visa has a 52 week low of $75.17 and a 52 week high of $109.26. The company’s 50 day moving average is $105.76 and its 200-day moving average is $98.25.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.17. Visa’s payout ratio is currently 24.54%.
In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s 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 sale, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction 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. Insiders own 0.14% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in V. Waldron LP increased its position in Visa by 61.6% in the first quarter. Waldron LP now owns 8,951 shares of the credit-card processor’s stock worth $791,000 after purchasing an additional 3,412 shares during the last quarter. Braun Stacey Associates Inc. bought a new stake in Visa in the first quarter worth $1,346,000. IFP Advisors Inc increased its position in Visa by 5.4% in the first quarter. IFP Advisors Inc now owns 70,503 shares of the credit-card processor’s stock worth $6,266,000 after purchasing an additional 3,613 shares during the last quarter. Leavell Investment Management Inc. increased its position in Visa by 2.0% in the first quarter. Leavell Investment Management Inc. now owns 67,959 shares of the credit-card processor’s stock worth $6,040,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. bought a new stake in Visa in the first quarter worth $440,000. 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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