Analysts predict that Visa Inc. (NYSE:V) will announce $0.98 earnings per share for the current quarter, Zacks reports. Eight analysts have made estimates for Visa’s earnings. The highest EPS estimate is $1.01 and the lowest is $0.93. Visa reported earnings per share of $0.86 during the same quarter last year, which indicates a positive year-over-year growth rate of 14%. The company is scheduled to report its next earnings report on Thursday, February 1st.
According to Zacks, analysts expect that Visa will report full-year earnings of $4.01 per share for the current financial year, with EPS estimates ranging from $3.90 to $4.12. For the next fiscal year, analysts forecast that the firm will report earnings of $4.65 per share, with EPS estimates ranging from $4.50 to $4.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Visa.
Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same period in the prior year, the business earned $0.78 earnings per share. Visa’s revenue for the quarter was up 13.9% compared to the same quarter last year.
Several research firms recently issued reports on V. Buckingham Research boosted their price target on Visa from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday. Nomura boosted their price target on Visa from $120.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday. Barclays PLC boosted their price target on Visa from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday. Loop Capital boosted their price target on Visa from $111.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday. Finally, SunTrust Banks, Inc. boosted their price target on Visa from $110.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $115.95.
Visa (NYSE:V) traded up 0.28% during midday trading on Friday, hitting $109.80. The stock had a trading volume of 7,380,110 shares. The firm has a 50-day moving average price of $106.11 and a 200-day moving average price of $98.73. The firm has a market capitalization of $251.05 billion, a price-to-earnings ratio of 40.83 and a beta of 0.93. Visa has a 1-year low of $75.17 and a 1-year high of $110.74.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be issued a $0.195 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, November 16th. Visa’s dividend payout ratio (DPR) is presently 24.54%.
In other news, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of V. Janus Henderson Group PLC boosted its holdings in shares of Visa by 159.7% in the second quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock worth $909,979,000 after acquiring an additional 5,966,991 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Visa by 41.4% in the first quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock worth $812,776,000 after acquiring an additional 2,677,533 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Visa by 2.1% in the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after acquiring an additional 2,628,148 shares during the period. Capital Research Global Investors boosted its holdings in shares of Visa by 20.3% in the second quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after acquiring an additional 1,919,732 shares during the period. Finally, Harbour Capital Advisors LLC boosted its holdings in shares of Visa by 10,570.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,598,668 shares of the credit-card processor’s stock worth $17,047,000 after acquiring an additional 1,583,686 shares during the period. 81.69% of the stock is owned by hedge funds and other institutional investors.
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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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