Brokers Offer Predictions for Visa Inc.’s Q3 2022 Earnings (NYSE:V)

Visa Inc. (NYSE:VGet Rating) – Equities research analysts at William Blair lowered their Q3 2022 earnings per share estimates for Visa in a report released on Tuesday, April 26th. William Blair analyst R. Napoli now anticipates that the credit-card processor will post earnings per share of $1.81 for the quarter, down from their prior estimate of $1.88. William Blair also issued estimates for Visa’s Q4 2022 earnings at $1.88 EPS.

Visa (NYSE:VGet Rating) last issued its earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.14. 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 analysts’ expectations of $6.82 billion. During the same period in the previous year, the firm posted $1.38 EPS. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year.

A number of other research analysts have also recently commented on V. Barclays decreased their price objective on Visa from $265.00 to $260.00 and set an “overweight” rating on the stock in a report on Monday, April 4th. Citigroup decreased their price objective on Visa from $285.00 to $265.00 in a report on Monday. Morgan Stanley upped their price target on Visa from $279.00 to $284.00 in a research note on Wednesday. StockNews.com cut Visa from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. Finally, Cowen decreased their price target on Visa from $276.00 to $254.00 in a research note on Wednesday. Six analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Visa has an average rating of “Buy” and an average price target of $266.48.

V opened at $214.11 on Thursday. Visa has a one year low of $186.67 and a one year high of $252.67. The stock has a market capitalization of $409.85 billion, a PE ratio of 35.45, a P/E/G ratio of 1.90 and a beta of 0.92. The business’s 50 day moving average price is $213.63 and its 200 day moving average price is $214.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

In other Visa news, CAO James H. Hoffmeister sold 1,737 shares of the firm’s stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $231.49, for a total transaction of $402,098.13. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Matschullat sold 1,114 shares of the firm’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $210.94, for a total value of $234,987.16. The disclosure for this sale can be found here. Insiders sold 49,250 shares of company stock worth $10,951,267 in the last three months. 0.21% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of V. Capital Advisors Wealth Management LLC grew its holdings in shares of Visa by 0.4% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 10,563 shares of the credit-card processor’s stock worth $2,289,000 after buying an additional 45 shares during the last quarter. Corbett Road Capital Management LLC grew its holdings in shares of Visa by 3.1% during the fourth quarter. Corbett Road Capital Management LLC now owns 1,486 shares of the credit-card processor’s stock worth $322,000 after buying an additional 45 shares during the last quarter. Summit Asset Management LLC grew its holdings in shares of Visa by 0.7% during the third quarter. Summit Asset Management LLC now owns 6,253 shares of the credit-card processor’s stock worth $1,393,000 after buying an additional 46 shares during the last quarter. IVC Wealth Advisors LLC grew its holdings in shares of Visa by 0.8% during the fourth quarter. IVC Wealth Advisors LLC now owns 5,757 shares of the credit-card processor’s stock worth $1,248,000 after buying an additional 46 shares during the last quarter. Finally, Financial Consulate Inc. grew its holdings in shares of Visa by 1.0% during the fourth quarter. Financial Consulate Inc. now owns 4,851 shares of the credit-card processor’s stock worth $1,051,000 after buying an additional 46 shares during the last quarter. 81.28% of the stock is currently owned by institutional investors.

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.

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Earnings History and Estimates for Visa (NYSE:V)

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