Seaport Res Ptn Comments on Visa Inc.’s Q4 2024 Earnings (NYSE:V)

Visa Inc. (NYSE:V) – Seaport Res Ptn upped their Q4 2024 earnings per share (EPS) estimates for shares of Visa in a report released on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now anticipates that the credit-card processor will post earnings per share of $2.64 for the quarter, up from their previous forecast of $2.63. The consensus estimate for Visa’s current full-year earnings is $9.89 per share.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $2.18 EPS.

A number of other analysts also recently weighed in on V. Redburn Atlantic restated a “neutral” rating and issued a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Monness Crespi & Hardt assumed coverage on Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. Keefe, Bruyette & Woods boosted their target price on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. TD Cowen assumed coverage on Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 target price on the stock. Finally, Evercore ISI boosted their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Visa Stock Performance

NYSE:V opened at $272.69 on Wednesday. The business has a 50 day moving average of $279.80 and a 200 day moving average of $262.56. The company has a market capitalization of $500.80 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.87 and a beta of 0.96. Visa has a 1-year low of $216.14 and a 1-year high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Activity at Visa

In related news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,511 shares of company stock worth $15,131,081. 0.19% of the stock is owned by insiders.

Institutional Trading of Visa

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BCK Partners Inc. purchased a new stake in shares of Visa during the first quarter worth about $2,717,000. Markel Corp grew its position in shares of Visa by 0.3% during the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after purchasing an additional 3,065 shares in the last quarter. AMI Investment Management Inc. purchased a new stake in shares of Visa during the first quarter worth about $2,323,000. Ergoteles LLC purchased a new stake in shares of Visa during the first quarter worth about $538,000. Finally, XTX Topco Ltd purchased a new stake in shares of Visa during the first quarter worth about $1,496,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

About Visa

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.