Visa Inc. (NYSE:V) - Investment analysts at SunTrust Banks upped their FY2017 EPS estimates for Visa in a research note issued to investors on Thursday. SunTrust Banks analyst A. Jeffrey now expects that the credit-card processor will post earnings per share of $3.39 for the year, up from their previous estimate of $3.34.
Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share.
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A number of other research analysts have also issued reports on the stock. CIBC upped their target price on shares of Visa from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a report on Monday, May 29th. Deutsche Bank AG upped their target price on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 10th. Vetr lowered shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 target price on the stock. in a report on Monday, June 5th. Finally, Cowen and Company restated an “outperform” rating and issued a $105.00 target price (up from $100.00) on shares of Visa in a report on Sunday, April 23rd. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $104.35.
Shares of Visa (NYSE V) traded up 0.15% during midday trading on Monday, hitting $100.14. 2,260,021 shares of the stock were exchanged. The firm has a market cap of $228.96 billion, a PE ratio of 37.24 and a beta of 0.93. Visa has a 12-month low of $75.17 and a 12-month high of $100.89. The firm has a 50-day moving average price of $95.54 and a 200 day moving average price of $90.40.
A number of hedge funds have recently modified their holdings of V. Pekin Singer Strauss Asset Management IL purchased a new stake in shares of Visa during the fourth quarter valued at about $1,104,000. Capital International Inc. CA boosted its position in Visa by 32.1% in the fourth quarter. Capital International Inc. CA now owns 157,800 shares of the credit-card processor’s stock valued at $12,312,000 after buying an additional 38,300 shares during the period. Private Trust Co. NA boosted its position in Visa by 12.6% in the first quarter. Private Trust Co. NA now owns 36,990 shares of the credit-card processor’s stock valued at $3,287,000 after buying an additional 4,138 shares during the period. West Oak Capital LLC boosted its position in Visa by 20.0% in the first quarter. West Oak Capital LLC now owns 3,589 shares of the credit-card processor’s stock valued at $319,000 after buying an additional 598 shares during the period. Finally, Archon Partners LLC boosted its position in Visa by 0.3% in the fourth quarter. Archon Partners LLC now owns 101,560 shares of the credit-card processor’s stock valued at $7,924,000 after buying an additional 260 shares during the period. 82.02% of the stock is owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.66%. The ex-dividend date is Wednesday, August 16th. Visa’s dividend payout ratio (DPR) is 24.54%.
Visa declared that its board has approved a stock buyback plan on Thursday, April 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the credit-card processor to repurchase up to 2.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
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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