Wall Street brokerages expect that Visa Inc (NYSE:V) will report $4.77 billion in sales for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Visa’s earnings, with the highest sales estimate coming in at $4.88 billion and the lowest estimate coming in at $4.61 billion. Visa reported sales of $4.48 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The firm is expected to announce its next quarterly earnings report on Thursday, April 19th.
On average, analysts expect that Visa will report full-year sales of $4.77 billion for the current year, with estimates ranging from $19.96 billion to $20.33 billion. For the next fiscal year, analysts anticipate that the company will post sales of $22.33 billion per share, with estimates ranging from $21.99 billion to $22.58 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Visa.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.82 billion. Visa had a return on equity of 32.97% and a net margin of 38.12%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS.
A number of research firms have weighed in on V. Cantor Fitzgerald lifted their price objective on Visa to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $121.05 price objective for the company. in a research note on Monday, January 8th. Cowen restated a “buy” rating and issued a $129.00 price target on shares of Visa in a research note on Friday, January 12th. Loop Capital lifted their price target on Visa to $142.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley lifted their price target on Visa from $137.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and an average target price of $134.14.
Visa (NYSE:V) traded up $1.23 during midday trading on Tuesday, hitting $124.64. The company’s stock had a trading volume of 4,354,002 shares, compared to its average volume of 8,150,885. The stock has a market cap of $280,920.00, a price-to-earnings ratio of 48.88, a P/E/G ratio of 1.61 and a beta of 1.00. Visa has a twelve month low of $87.85 and a twelve month high of $126.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 2.07.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Friday, February 16th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.67%. This is a boost from Visa’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, February 15th. Visa’s payout ratio is presently 32.94%.
Visa declared that its Board of Directors has authorized a stock buyback program on Thursday, February 1st that authorizes the company to buyback $7.50 billion in outstanding shares. This buyback authorization authorizes the credit-card processor to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
In other 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.
Several institutional investors have recently modified their holdings of V. Roble Belko & Company Inc raised its position in Visa by 220.8% in the fourth quarter. Roble Belko & Company Inc now owns 879 shares of the credit-card processor’s stock valued at $100,000 after purchasing an additional 605 shares during the period. Earnest Partners LLC purchased a new stake in Visa in the fourth quarter valued at approximately $100,000. Welch Investments LLC purchased a new stake in Visa in the third quarter valued at approximately $101,000. Cordasco Financial Network purchased a new stake in Visa in the third quarter valued at approximately $105,000. Finally, AlphaOne Investment Services LLC purchased a new stake in Visa in the fourth quarter valued at approximately $108,000. Institutional investors and hedge funds own 81.54% of the company’s stock.
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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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