Wall Street brokerages expect Visa Inc (NYSE:V) to announce $1.24 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eleven analysts have issued estimates for Visa’s earnings. The lowest EPS estimate is $1.17 and the highest is $1.28. Visa posted earnings per share of $1.08 during the same quarter last year, which would suggest a positive year over year growth rate of 14.8%. The firm is expected to report its next quarterly earnings report on Thursday, February 7th.
On average, analysts expect that Visa will report full-year earnings of $5.33 per share for the current fiscal year, with EPS estimates ranging from $5.04 to $5.59. For the next year, analysts expect that the company will post earnings of $6.18 per share, with EPS estimates ranging from $5.84 to $6.46. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Visa.
Visa (NYSE:V) last issued its earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Visa had a return on equity of 38.00% and a net margin of 49.98%. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.44 billion.
A number of equities research analysts recently weighed in on V shares. Bank of America upped their price objective on Visa from $155.00 to $163.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a research note on Tuesday, September 25th. Goldman Sachs Group cut Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 price objective for the company. in a research note on Monday, September 17th. JPMorgan Chase & Co. restated a “buy” rating and set a $166.00 price objective on shares of Visa in a research note on Thursday, October 25th. Finally, Credit Suisse Group upped their price objective on Visa from $150.00 to $164.00 and gave the stock an “outperform” rating in a research note on Monday, October 8th. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $156.09.
In other news, EVP William M. Sheedy sold 99,636 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $139.28, for a total value of $13,877,302.08. Following the transaction, the executive vice president now owns 296,925 shares in the company, valued at $41,355,714. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William M. Sheedy sold 13,864 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $144.97, for a total value of $2,009,864.08. The disclosure for this sale can be found here. Insiders have sold 119,395 shares of company stock worth $16,697,489 in the last quarter. 0.14% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fort L.P. acquired a new stake in shares of Visa in the second quarter valued at approximately $120,000. Cascade Investment Advisors Inc. acquired a new stake in shares of Visa in the second quarter valued at approximately $132,000. Bridgeworth LLC acquired a new stake in shares of Visa in the second quarter valued at approximately $143,000. Ruggie Capital Group acquired a new stake in shares of Visa in the second quarter valued at approximately $164,000. Finally, Quadrant Private Wealth Management LLC acquired a new stake in shares of Visa in the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 80.63% of the company’s stock.
Shares of NYSE V opened at $137.11 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market cap of $279.64 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.51 and a beta of 1.11. Visa has a 1-year low of $111.02 and a 1-year high of $151.56.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Friday, November 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.73%. This is an increase from Visa’s previous quarterly dividend of $0.21. Visa’s dividend payout ratio is currently 21.69%.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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