Visa (NYSE:V) Issues Earnings Results, Beats Estimates By $0.14 EPS

Visa (NYSE:VGet Rating) issued its earnings results on Tuesday. The credit-card processor reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14, MarketWatch Earnings reports. Visa had a return on equity of 40.11% and a net margin of 51.59%. The business had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the business posted $1.38 EPS. The company’s revenue was up 25.5% compared to the same quarter last year.

NYSE:V traded down $8.85 on Tuesday, reaching $201.10. 7,855,387 shares of the company’s stock traded hands, compared to its average volume of 8,898,325. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a 50-day simple moving average of $213.84 and a 200-day simple moving average of $214.95. The firm has a market cap of $384.95 billion, a PE ratio of 33.29, a P/E/G ratio of 1.90 and a beta of 0.92. Visa has a 12 month low of $186.67 and a 12 month high of $252.67.

Several equities research analysts recently commented on the company. Morgan Stanley dropped their price objective on Visa from $283.00 to $279.00 and set an “overweight” rating on the stock in a research report on Thursday, April 21st. Wedbush lifted 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. Robert W. Baird decreased their price objective on shares of Visa from $305.00 to $290.00 in a report on Friday, January 28th. Exane BNP Paribas cut shares of Visa from an “outperform” rating to a “neutral” rating and set a $210.00 target price on the stock. in a report on Monday, January 10th. Finally, Erste Group raised shares of Visa to a “buy” rating in a research report on Wednesday, February 9th. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $266.33.

In other news, CAO James H. Hoffmeister sold 1,737 shares of Visa stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $231.49, for a total value of $402,098.13. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Ryan Mcinerney sold 6,466 shares of Visa stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $226.11, for a total value of $1,462,027.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,250 shares of company stock worth $10,951,267. Insiders own 0.21% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley grew its position in Visa by 1.3% in the second quarter. Morgan Stanley now owns 41,708,994 shares of the credit-card processor’s stock worth $9,752,396,000 after acquiring an additional 533,415 shares in the last quarter. Comerica Bank grew its position in Visa by 80.7% in the third quarter. Comerica Bank now owns 867,709 shares of the credit-card processor’s stock worth $200,803,000 after acquiring an additional 387,444 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in Visa by 11.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 38,218 shares of the credit-card processor’s stock worth $8,282,000 after acquiring an additional 4,020 shares in the last quarter. Heritage Wealth Advisors grew its position in Visa by 4.3% in the fourth quarter. Heritage Wealth Advisors now owns 21,204 shares of the credit-card processor’s stock worth $4,595,000 after acquiring an additional 880 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its position in shares of Visa by 32.7% during the fourth quarter. Vident Investment Advisory LLC now owns 16,348 shares of the credit-card processor’s stock valued at $3,543,000 after buying an additional 4,026 shares during the period. Institutional investors own 81.28% of the company’s stock.

Visa Company Profile (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

See Also

Earnings History for Visa (NYSE:V)

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