$0.97 Earnings Per Share Expected for Visa Inc (V) This Quarter

Analysts expect Visa Inc (NYSE:V) to post earnings of $0.97 per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Visa’s earnings, with the lowest EPS estimate coming in at $0.95 and the highest estimate coming in at $0.98. Visa reported earnings of $0.86 per share during the same quarter last year, which indicates a positive year over year growth rate of 12.8%. The firm is expected to issue its next quarterly earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Visa will report full year earnings of $4.05 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.09. For the next fiscal year, analysts anticipate that the company will report earnings of $4.69 per share, with EPS estimates ranging from $4.50 to $4.75. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Visa.

Visa (NYSE:V) last announced its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same period last year, the firm earned $0.78 earnings per share. Visa’s revenue was up 13.9% compared to the same quarter last year.

V has been the subject of several research reports. Cantor Fitzgerald reiterated a “buy” rating and set a $120.00 price objective on shares of Visa in a research note on Wednesday, October 25th. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group lifted their price objective on shares of Visa from $125.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. UBS reiterated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Finally, Wells Fargo & Company upgraded shares of Visa from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $107.01 to $120.00 in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $117.23.

Visa (NYSE:V) traded up $0.90 during trading hours on Friday, hitting $113.82. 15,930,441 shares of the stock traded hands, compared to its average volume of 8,819,399. Visa has a 1-year low of $77.19 and a 1-year high of $114.37. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $235,794.19, a P/E ratio of 32.71, a P/E/G ratio of 1.67 and a beta of 0.97.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Friday, November 17th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio (DPR) is 27.86%.

In other Visa news, Director Robert W. Matschullat sold 6,220 shares of Visa stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total value of $707,587.20. Following the completion of the transaction, the director now owns 57,368 shares of the company’s stock, valued at $6,526,183.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total transaction of $240,545.14. Following the completion of the transaction, the senior vice president now directly owns 687 shares of the company’s stock, valued at approximately $77,005.83. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wallington Asset Management LLC increased its stake in shares of Visa by 3.8% during the second quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock worth $5,419,000 after purchasing an additional 2,090 shares in the last quarter. iAB Financial Bank increased its stake in shares of Visa by 2.6% during the second quarter. iAB Financial Bank now owns 56,963 shares of the credit-card processor’s stock worth $5,342,000 after purchasing an additional 1,423 shares in the last quarter. Carret Asset Management LLC increased its stake in shares of Visa by 4.5% during the first quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock worth $2,403,000 after purchasing an additional 1,153 shares in the last quarter. Cypress Asset Management Inc. TX increased its stake in shares of Visa by 31.1% during the second quarter. Cypress Asset Management Inc. TX now owns 14,720 shares of the credit-card processor’s stock worth $1,380,000 after purchasing an additional 3,495 shares in the last quarter. Finally, Heritage Trust Co increased its stake in shares of Visa by 51.4% during the second quarter. Heritage Trust Co now owns 4,520 shares of the credit-card processor’s stock worth $424,000 after purchasing an additional 1,535 shares in the last quarter. 81.91% of the stock is owned by institutional investors.

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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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Earnings History and Estimates for Visa (NYSE:V)

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