Equities analysts expect that Visa Inc (NYSE:V) will report earnings of $1.01 per share for the current quarter, Zacks reports. Ten analysts have made estimates for Visa’s earnings, with estimates ranging from $0.95 to $1.04. Visa reported earnings of $0.86 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 17.4%. The firm is expected to report its next quarterly earnings report on Thursday, April 19th.
On average, analysts expect that Visa will report full year earnings of $4.38 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.45. For the next fiscal year, analysts forecast that the business will post earnings of $5.16 per share, with EPS estimates ranging from $4.50 to $5.30. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Visa.
Visa (NYSE:V) last released its earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.10. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.82 billion. Visa had a net margin of 38.12% and a return on equity of 32.97%. Visa’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share.
A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Credit Suisse Group set a $129.00 target price on Visa and gave the company a “buy” rating in a research report on Monday, January 8th. Vetr downgraded Visa from a “buy” rating to a “hold” rating and set a $121.05 target price for the company. in a research report on Monday, January 8th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $141.00 target price on shares of Visa in a research report on Friday, December 22nd. Finally, Cowen reaffirmed a “buy” rating and issued a $129.00 target price on shares of Visa in a research report on Friday, January 12th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $134.14.
In related news, EVP Lynne Biggar sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total transaction of $205,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of V. Janus Henderson Group PLC raised its holdings in shares of Visa by 159.7% in the 2nd quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock worth $909,979,000 after purchasing an additional 5,966,991 shares during the period. BlackRock Inc. lifted its position in shares of Visa by 2.5% during the 4th quarter. BlackRock Inc. now owns 120,243,230 shares of the credit-card processor’s stock worth $13,710,132,000 after purchasing an additional 2,986,301 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Visa by 730.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,992,638 shares of the credit-card processor’s stock worth $341,221,000 after purchasing an additional 2,632,338 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Visa by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after purchasing an additional 2,628,148 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Visa by 20.3% during the 2nd quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after purchasing an additional 1,919,732 shares during the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.
Visa (NYSE:V) traded up $1.01 during mid-day trading on Friday, reaching $124.42. 4,244,290 shares of the company traded hands, compared to its average volume of 8,150,885. The firm has a market capitalization of $280,920.00, a price-to-earnings ratio of 48.79, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.60. Visa has a 1-year low of $87.85 and a 1-year high of $126.88.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Friday, February 16th were paid a dividend of $0.21 per share. This is a boost from Visa’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, February 15th. This represents a $0.84 annualized dividend and a yield of 0.68%. Visa’s payout ratio is presently 32.94%.
Visa announced that its board has authorized a stock repurchase program on Thursday, February 1st that allows the company to buyback $7.50 billion in shares. This buyback authorization allows the credit-card processor to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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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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