Visa Inc. (NYSE:V) – SunTrust Banks issued their Q1 2018 earnings per share (EPS) estimates for shares of Visa in a research note issued to investors on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst A. Jeffrey forecasts that the credit-card processor will post earnings per share of $0.98 for the quarter. SunTrust Banks currently has a “Buy” rating and a $135.00 target price on the stock. SunTrust Banks also issued estimates for Visa’s Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $1.04 EPS and Q4 2018 earnings at $1.13 EPS.
A number of other equities research analysts have also recently issued reports on V. Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $100.12 target price on the stock. in a report on Monday, July 17th. Jefferies Group LLC increased their price target on shares of Visa from $104.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Oppenheimer Holdings, Inc. increased their price target on shares of Visa from $100.00 to $106.00 in a report on Tuesday, July 18th. Loop Capital increased their target price on shares of Visa from $101.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. They noted that the move was a valuation call. Finally, Instinet increased their target price on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $116.08.
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Shares of Visa (NYSE V) opened at $111.88 on Thursday. The company has a quick ratio of 1.65, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. The stock has a market cap of $232,802.64, a PE ratio of 32.22, a PEG ratio of 1.64 and a beta of 0.97. Visa has a fifty-two week low of $75.17 and a fifty-two week high of $112.90.
Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The firm’s revenue was up 13.9% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be given a $0.195 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.78 annualized dividend and a dividend yield of 0.70%. This is a positive change from Visa’s previous quarterly dividend of $0.17. Visa’s payout ratio is 23.57%.
In other news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.
A number of large investors have recently modified their holdings of V. Welch Investments LLC purchased a new position in Visa during the third quarter valued at approximately $101,000. Mercer Capital Advisers Inc. grew its stake in Visa by 2.2% during the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after acquiring an additional 25 shares in the last quarter. Cordasco Financial Network purchased a new position in Visa during the third quarter valued at approximately $105,000. Motco grew its stake in Visa by 25.1% during the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after acquiring an additional 236 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC purchased a new position in Visa during the third quarter valued at approximately $110,000. 81.77% of the stock is owned by institutional investors.
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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