Research Analysts Issue Forecasts for Visa Inc.’s FY2022 Earnings (NYSE:V)

Visa Inc. (NYSE:VGet Rating) – Investment analysts at Oppenheimer cut their FY2022 earnings per share estimates for Visa in a research note issued on Monday, April 11th. Oppenheimer analyst D. Gabriele now anticipates that the credit-card processor will post earnings per share of $6.96 for the year, down from their previous estimate of $7.15. Oppenheimer also issued estimates for Visa’s FY2023 earnings at $8.19 EPS.

Visa (NYSE:VGet Rating) last announced its quarterly earnings results on Thursday, January 27th. The credit-card processor reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.12. The firm had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $6.79 billion. Visa had a net margin of 51.59% and a return on equity of 40.11%. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 earnings per share.

A number of other brokerages have also recently commented on V. BNP Paribas cut shares of Visa from an “outperform” rating to a “neutral” rating and set a $210.00 price target for the company. in a research note on Monday, January 10th. Wedbush raised their price target on shares of Visa from $240.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 28th. Piper Sandler raised their price target on shares of Visa from $275.00 to $283.00 in a research note on Friday, January 28th. Erste Group upgraded shares of Visa to a “buy” rating in a research note on Wednesday, February 9th. Finally, Exane BNP Paribas cut shares of Visa from an “outperform” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Monday, January 10th. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $267.33.

Shares of V opened at $212.79 on Thursday. The stock has a market cap of $407.33 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 1.79 and a beta of 0.92. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa has a 12 month low of $186.67 and a 12 month high of $252.67. The company has a 50-day moving average price of $216.30 and a two-hundred day moving average price of $215.86.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 1st. Shareholders of record on Friday, February 11th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Thursday, February 10th. Visa’s dividend payout ratio is presently 24.83%.

In other Visa news, CAO James H. Hoffmeister sold 1,737 shares of Visa stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $231.49, for a total transaction of $402,098.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $223.91, for a total transaction of $2,015,190.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,250 shares of company stock valued at $10,951,267 in the last ninety days. Company insiders own 0.21% of the company’s stock.

Several hedge funds have recently made changes to their positions in V. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Visa in the 3rd quarter valued at $26,000. Outfitter Financial LLC acquired a new position in shares of Visa in the 4th quarter valued at $27,000. Cranbrook Wealth Management LLC grew its holdings in shares of Visa by 236.8% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 128 shares of the credit-card processor’s stock valued at $29,000 after buying an additional 90 shares during the period. Blue Bell Private Wealth Management LLC acquired a new position in shares of Visa in the 4th quarter valued at $32,000. Finally, Rise Advisors LLC acquired a new position in shares of Visa in the 4th quarter valued at $35,000. 81.28% of the stock is owned by institutional investors.

About Visa (Get Rating)

Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global automated teller machine (ATM).

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Earnings History and Estimates for Visa (NYSE:V)

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