Visa (V) Set to Announce Earnings on Wednesday

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.

V has been the topic of several research reports. reiterated a “buy” rating on shares of Visa in a research report on Tuesday, February 12th. Jefferies Financial Group initiated coverage on shares of Visa in a research report on Monday, January 28th. They issued a “buy” rating and a $135.99 price target on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $160.00 price target on shares of Visa in a research report on Thursday, January 31st. SunTrust Banks reiterated an “outperform” rating and issued a $250.00 price target on shares of Visa in a research report on Friday, February 1st. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $178.00 price target on shares of Visa in a research report on Friday, December 21st. One equities research analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Visa has an average rating of “Buy” and an average target price of $168.80.

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.

COPYRIGHT VIOLATION NOTICE: “Visa (V) Set to Announce Earnings on Wednesday” was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.com-unik.info/2019/04/17/visa-v-set-to-announce-earnings-on-wednesday.html.

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.

Recommended Story: Insider Trading

Earnings History for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit