Visa Inc (NYSE:V) Expected to Announce Earnings of $1.47 Per Share

Wall Street analysts expect that Visa Inc (NYSE:V) will post $1.47 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Visa’s earnings, with the highest EPS estimate coming in at $1.50 and the lowest estimate coming in at $1.43. Visa reported earnings of $1.30 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 13.1%. The business is expected to report its next earnings report on Wednesday, January 29th.

According to Zacks, analysts expect that Visa will report full-year earnings of $6.21 per share for the current year, with EPS estimates ranging from $6.09 to $6.35. For the next fiscal year, analysts anticipate that the firm will report earnings of $7.22 per share, with EPS estimates ranging from $7.01 to $7.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Visa.

Visa (NYSE:V) last issued its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.04. The business had revenue of $6.14 billion for the quarter, compared to analyst estimates of $6.08 billion. Visa had a return on equity of 42.57% and a net margin of 52.57%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the company posted $1.21 EPS.

Several research analysts recently weighed in on V shares. Guggenheim set a $194.00 target price on Visa and gave the stock a “buy” rating in a research report on Friday, October 25th. Wedbush set a $187.00 price target on Visa and gave the company a “buy” rating in a report on Tuesday, September 24th. ValuEngine downgraded Visa from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Morgan Stanley reiterated an “overweight” rating and issued a $207.00 price target on shares of Visa in a report on Friday, October 25th. Finally, Citigroup increased their price target on Visa from $185.00 to $206.00 and gave the company a “buy” rating in a report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Visa currently has an average rating of “Buy” and an average price target of $199.04.

Shares of V traded up $2.50 during trading hours on Monday, hitting $185.14. The stock had a trading volume of 8,414,067 shares, compared to its average volume of 7,290,167. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $358.44 billion, a P/E ratio of 34.03, a P/E/G ratio of 1.90 and a beta of 0.93. The company’s fifty day simple moving average is $180.55 and its 200 day simple moving average is $176.72. Visa has a 12-month low of $121.60 and a 12-month high of $187.05.

The firm also recently announced a dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. Visa’s dividend payout ratio is presently 22.06%.

In other news, EVP William M. Sheedy sold 21,164 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total transaction of $3,782,218.44. Following the completion of the sale, the executive vice president now directly owns 227,126 shares in the company, valued at $40,589,687.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William M. Sheedy sold 3,110 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $182.52, for a total value of $567,637.20. Following the sale, the executive vice president now owns 227,740 shares of the company’s stock, valued at $41,567,104.80. The disclosure for this sale can be found here. Insiders have sold 51,480 shares of company stock valued at $9,281,012 over the last 90 days. Insiders own 0.17% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Krane Funds Advisors LLC bought a new position in Visa in the second quarter worth about $26,000. Personal Wealth Partners bought a new stake in shares of Visa during the second quarter valued at approximately $30,000. MRA Associates USA LLC bought a new stake in shares of Visa during the second quarter valued at approximately $42,000. Selective Wealth Management Inc. bought a new stake in shares of Visa during the third quarter valued at approximately $47,000. Finally, Investors Research Corp raised its holdings in shares of Visa by 40.2% during the third quarter. Investors Research Corp now owns 279 shares of the credit-card processor’s stock valued at $48,000 after buying an additional 80 shares during the last quarter. 81.21% of the stock is currently owned by institutional investors and hedge funds.

About Visa

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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