Wedbush Analysts Increase Earnings Estimates for Visa Inc. (NYSE:V)

Visa Inc. (NYSE:V) – Wedbush upped their Q3 2024 EPS estimates for shares of Visa in a research note issued to investors on Monday, April 29th. Wedbush analyst M. Katri now expects that the credit-card processor will post earnings per share of $2.34 for the quarter, up from their previous estimate of $2.28. Wedbush currently has a “Outperform” rating and a $300.00 price target on the stock. The consensus estimate for Visa’s current full-year earnings is $9.90 per share. Wedbush also issued estimates for Visa’s Q4 2024 earnings at $2.49 EPS and FY2024 earnings at $9.75 EPS.

V has been the topic of a number of other reports. Royal Bank of Canada lifted their price target on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Raymond James raised their price target on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. KeyCorp boosted their price objective on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Wells Fargo & Company raised their target price on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

Visa Trading Down 0.5 %

NYSE V opened at $267.32 on Wednesday. The company has a market cap of $490.94 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. Visa has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average is $278.79 and its 200 day moving average is $265.21.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $2.09 earnings per share.

Institutional Trading of Visa

Several hedge funds have recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in shares of Visa in the third quarter valued at $25,000. Livelsberger Financial Advisory purchased a new position in shares of Visa in the fourth quarter valued at $25,000. Westend Capital Management LLC purchased a new position in shares of Visa in the first quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in shares of Visa in the fourth quarter valued at $32,000. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of Visa in the fourth quarter valued at $33,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,724 shares of company stock valued at $3,278,698. Company insiders own 0.19% of the company’s stock.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.78%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.