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.
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).
- Get a free copy of the StockNews.com research report on Visa (V)
- Institutions And Analysts Drive UnitedHealth Group Higher
- MarketBeat: Week in Review 4/11 – 4/15
- Three Beaten Down Mega Caps The Analysts Are Upgrading
- Top 3 Safe Stocks for Conservative Investors
- Array Technologies Stock Giving Another Ground Floor Entry
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.