Visa Inc. (NYSE:V) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, July 20th. Analysts expect Visa to post earnings of $0.81 per share for the quarter.
Visa (NYSE:V) last posted its earnings results on Thursday, April 20th. The credit-card processor reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.29 billion. Visa had a return on equity of 29.14% and a net margin of 28.78%. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. On average, analysts expect Visa to post $3.37 EPS for the current fiscal year and $3.94 EPS for the next fiscal year.
Shares of Visa Inc. (V) opened at 96.83 on Tuesday. The stock has a market capitalization of $223.33 billion, a P/E ratio of 48.32 and a beta of 0.93. Visa Inc. has a 52-week low of $75.17 and a 52-week high of $97.37. The company has a 50 day moving average price of $94.45 and a 200-day moving average price of $88.30.
Visa announced that its board has initiated a stock buyback program on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the credit-card processor to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
V has been the topic of several research analyst reports. Vetr cut Visa from a “hold” rating to a “sell” rating and set a $92.84 price objective on the stock. in a report on Monday, June 5th. CIBC lifted their price objective on Visa from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. BidaskClub cut Visa from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research cut Visa from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Finally, Sandler O’Neill reiterated a “hold” rating on shares of Visa in a report on Wednesday, June 21st. Five analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $98.75.
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In other Visa news, Vice Chairman Ellen Richey sold 31,260 shares of the company’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $91.94, for a total value of $2,874,044.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.
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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