Zacks: Brokerages Expect Visa Inc (V) Will Post Earnings of $0.97 Per Share

Equities research analysts forecast that Visa Inc (NYSE:V) will post $0.97 earnings per share for the current quarter, Zacks reports. Eleven analysts have provided estimates for Visa’s earnings. The highest EPS estimate is $0.99 and the lowest is $0.92. Visa reported earnings per share of $0.86 in the same quarter last year, which would suggest a positive year over year growth rate of 12.8%. The firm is scheduled to issue its next earnings report after the market closes on Thursday, February 1st.

On average, analysts expect that Visa will report full year earnings of $4.08 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.37. For the next year, analysts forecast that the firm will report earnings of $4.73 per share, with EPS estimates ranging from $4.50 to $5.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. Visa’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share.

V has been the subject of a number of research reports. Wells Fargo & Co upgraded Visa from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $107.01 to $120.00 in a report on Tuesday, October 10th. KeyCorp reiterated a “buy” rating and set a $118.00 price objective on shares of Visa in a report on Wednesday, October 18th. Barclays increased their price objective on Visa from $114.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Morgan Stanley increased their price objective on Visa from $114.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Finally, Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Four investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Visa has an average rating of “Buy” and an average target price of $122.03.

Visa (NYSE:V) traded down $0.42 during trading hours on Friday, hitting $122.70. The company had a trading volume of 8,250,000 shares, compared to its average volume of 7,790,000. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $278,060.00, a P/E ratio of 43.82, a PEG ratio of 1.78 and a beta of 0.99. Visa has a fifty-two week low of $81.41 and a fifty-two week high of $123.65.

In related news, Director Robert W. Matschullat sold 6,220 shares of Visa stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total transaction of $707,587.20. Following the completion of the sale, the director now directly owns 57,368 shares of the company’s stock, valued at approximately $6,526,183.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the sale, the senior vice president now directly owns 687 shares of the company’s stock, valued at $77,005.83. The disclosure for this sale can be found here. Insiders have sold a total of 58,068 shares of company stock valued at $6,597,262 over the last quarter. 0.14% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Welch Investments LLC acquired a new position in Visa in the 3rd quarter valued at $101,000. Cordasco Financial Network acquired a new position in Visa in the 3rd quarter valued at $105,000. Motco raised its holdings in Visa by 25.1% in the 2nd 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. Massey Quick Simon & CO. LLC acquired a new position in Visa in the 3rd quarter valued at $110,000. Finally, BDO Wealth Advisors LLC acquired a new position in Visa in the 2nd quarter valued at $115,000. 81.55% of the stock is owned by institutional investors and hedge funds.

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About Visa

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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Earnings History and Estimates for Visa (NYSE:V)

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