Brokerages Expect Visa Inc (V) Will Announce Quarterly Sales of $4.77 Billion

Equities research analysts expect Visa Inc (NYSE:V) to report sales of $4.77 billion for the current quarter, Zacks reports. Ten analysts have issued estimates for Visa’s earnings, with estimates ranging from $4.61 billion to $4.88 billion. Visa posted sales of $4.48 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The company is scheduled to issue its next earnings report on Thursday, April 19th.

On average, analysts expect that Visa will report full year sales of $4.77 billion for the current fiscal year, with estimates ranging from $19.96 billion to $20.33 billion. For the next year, analysts forecast that the company will post sales of $22.32 billion per share, with estimates ranging from $21.99 billion to $22.53 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Visa.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.10. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.82 billion. Visa had a return on equity of 32.97% and a net margin of 38.12%. Visa’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share.

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods restated a “buy” rating on shares of Visa in a report on Thursday, February 1st. KeyCorp raised their price objective on Visa from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Cantor Fitzgerald raised their price objective on Visa to $141.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Citigroup restated a “buy” rating and set a $145.00 price objective (up previously from $136.00) on shares of Visa in a report on Monday, January 29th. Finally, Morgan Stanley lifted their target price on Visa from $126.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $133.85.

In related news, SVP James H. Hoffmeister sold 2,146 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the sale, the senior vice president now directly owns 687 shares of the company’s stock, valued at $77,005.83. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert W. Matschullat sold 6,220 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 57,368 shares of the company’s stock, valued at $6,526,183.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,068 shares of company stock valued at $6,597,262. 0.14% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of V. Roble Belko & Company Inc boosted its stake in Visa by 220.8% in the 4th quarter. Roble Belko & Company Inc now owns 879 shares of the credit-card processor’s stock worth $100,000 after purchasing an additional 605 shares during the period. Welch Investments LLC bought a new position in Visa in the 3rd quarter worth approximately $101,000. Cordasco Financial Network bought a new position in Visa in the 3rd quarter worth approximately $105,000. Fusion Family Wealth LLC boosted its stake in Visa by 138.8% in the 4th quarter. Fusion Family Wealth LLC now owns 955 shares of the credit-card processor’s stock worth $109,000 after purchasing an additional 555 shares during the period. Finally, Motco boosted its stake in Visa by 25.1% in the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after purchasing an additional 236 shares during the period. Institutional investors own 81.57% of the company’s stock.

Shares of Visa (NYSE V) opened at $119.97 on Wednesday. Visa has a fifty-two week low of $84.88 and a fifty-two week high of $126.88. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $271,880.00, a price-to-earnings ratio of 39.73, a PEG ratio of 1.69 and a beta of 1.03.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Friday, February 16th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.70%. This is a positive change from Visa’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, February 15th. Visa’s payout ratio is presently 25.83%.

Visa announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 1st that permits the company to repurchase $7.50 billion in shares. This repurchase authorization permits the credit-card processor to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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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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