$6.86 Billion in Sales Expected for Visa Inc. (NYSE:V) This Quarter

Wall Street analysts expect Visa Inc. (NYSE:V – Get Rating) to announce sales of $6.86 billion for the current quarter, Zacks reports. Twelve analysts have provided estimates for Visa’s earnings. The highest sales estimate is $7.23 billion and the lowest is $6.64 billion. Visa posted sales of $5.73 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 19.7%. The firm is expected to report its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Visa will report full-year sales of $28.61 billion for the current fiscal year, with estimates ranging from $27.84 billion to $29.13 billion. For the next fiscal year, analysts anticipate that the business will post sales of $32.51 billion, with estimates ranging from $31.14 billion to $33.30 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Visa.

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

A number of analysts recently commented on the stock. 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. Wedbush raised their target price on shares of Visa from $240.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 28th. Mizuho cut shares of Visa from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $255.00 to $220.00 in a report on Friday, January 7th. Exane BNP Paribas cut shares of Visa from an “outperform” rating to a “neutral” rating and set a $210.00 price objective for the company. in a report on Monday, January 10th. Finally, Raymond James lifted their price objective on shares of Visa from $265.00 to $281.00 and gave the company an “outperform” rating in a report on Friday, January 28th. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $267.33.

V stock opened at $212.79 on Monday. The firm has a 50 day moving average of $216.01 and a 200 day moving average of $215.65. The stock has a market capitalization of $407.33 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 1.81 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 52 week low of $186.67 and a 52 week high of $252.67.

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

In other Visa news, President Ryan Mcinerney sold 6,467 shares of Visa stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $223.65, for a total transaction of $1,446,344.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James H. Hoffmeister sold 1,737 shares of the business’s stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $231.49, for a total value of $402,098.13. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,250 shares of company stock valued at $10,951,267. 0.21% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of V. University of Texas Texas AM Investment Managment Co. acquired a new position in Visa in the 3rd quarter valued at about $26,000. Outfitter Financial LLC purchased a new stake in shares of Visa during the 4th quarter worth approximately $27,000. Cranbrook Wealth Management LLC boosted its stake in shares of Visa by 236.8% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 128 shares of the credit-card processor’s stock worth $29,000 after acquiring an additional 90 shares in the last quarter. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Visa during the 4th quarter worth approximately $32,000. Finally, Rise Advisors LLC purchased a new stake in shares of Visa during the 4th quarter worth approximately $35,000. 81.28% of the stock is owned by institutional investors and hedge funds.

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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