Visa (NYSE:V) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.24 per share for the quarter.
Visa (NYSE:V) last released its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 EPS for the quarter, beating the consensus estimate of $1.25 by $0.05. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.41 billion. Visa had a net margin of 50.61% and a return on equity of 39.32%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 earnings per share. On average, analysts expect Visa to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
V stock opened at $160.23 on Wednesday. The company has a market capitalization of $322.95 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00. Visa has a 12 month low of $119.37 and a 12 month high of $161.10. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58.
In related news, Vice Chairman Ellen Richey sold 81,005 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $139.99, for a total transaction of $11,339,889.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Tullier Kelly Mahon sold 91,046 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $156.29, for a total transaction of $14,229,579.34. Following the sale, the executive vice president now owns 120,602 shares in the company, valued at approximately $18,848,886.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,531 shares of company stock worth $28,797,949. 0.17% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in V. Odey Holdings AG raised its stake in Visa by 100.0% during the fourth quarter. Odey Holdings AG now owns 500 shares of the credit-card processor’s stock worth $66,000 after purchasing an additional 250 shares during the period. RPg Family Wealth Advisory LLC raised its stake in Visa by 235.0% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 613 shares of the credit-card processor’s stock worth $81,000 after purchasing an additional 430 shares during the period. Kings Point Capital Management raised its stake in Visa by 98.9% during the fourth quarter. Kings Point Capital Management now owns 704 shares of the credit-card processor’s stock worth $93,000 after purchasing an additional 350 shares during the period. Clarfeld Financial Advisors LLC purchased a new position in Visa during the fourth quarter worth approximately $144,000. Finally, Capital Financial Planning LLC purchased a new position in Visa during the fourth quarter worth approximately $154,000. Hedge funds and other institutional investors own 80.94% of the company’s stock.
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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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