Zacks: Brokerages Anticipate Visa Inc. (NYSE:V) to Announce $1.73 Earnings Per Share

Equities research analysts predict that Visa Inc. (NYSE:VGet Rating) will post earnings per share of $1.73 for the current fiscal quarter, according to Zacks Investment Research. Thirteen analysts have provided estimates for Visa’s earnings, with the lowest EPS estimate coming in at $1.68 and the highest estimate coming in at $1.81. Visa posted earnings of $1.49 per share in the same quarter last year, which indicates a positive year over year growth rate of 16.1%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Visa will report full year earnings of $7.15 per share for the current year, with EPS estimates ranging from $7.01 to $7.50. For the next year, analysts expect that the firm will report earnings of $8.31 per share, with EPS estimates ranging from $7.67 to $8.66. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Visa.

Visa (NYSE:VGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 EPS for the quarter, topping the consensus estimate of $1.65 by $0.14. The company had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.82 billion. Visa had a return on equity of 42.89% and a net margin of 51.10%. The firm’s revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 earnings per share.

V has been the subject of a number of recent research reports. Cowen lowered their target price on Visa from $276.00 to $254.00 in a research note on Wednesday, April 27th. Citigroup lowered their target price on Visa from $285.00 to $265.00 in a research note on Monday, April 25th. upgraded Visa to a “buy” rating in a research note on Wednesday, February 9th. Robert W. Baird lowered their target price on Visa from $305.00 to $290.00 in a research note on Friday, January 28th. Finally, Cowen lowered their target price on Visa from $276.00 to $254.00 and set an “outperform” rating for the company in a research note on Wednesday, April 27th. Six equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $265.88.

In related news, Director Robert W. Matschullat sold 1,114 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $210.94, for a total value of $234,987.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $216.00, for a total value of $1,944,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 41,047 shares of company stock worth $9,030,622. Company insiders own 0.21% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. OLD Mission Capital LLC acquired a new position in shares of Visa during the 3rd quarter valued at $373,000. Morgan Stanley increased its position in shares of Visa by 1.3% during the 2nd quarter. Morgan Stanley now owns 41,708,994 shares of the credit-card processor’s stock valued at $9,752,396,000 after purchasing an additional 533,415 shares during the period. Keudell Morrison Wealth Management increased its position in shares of Visa by 1.7% during the 3rd quarter. Keudell Morrison Wealth Management now owns 12,330 shares of the credit-card processor’s stock valued at $2,747,000 after purchasing an additional 205 shares during the period. New World Advisors LLC acquired a new position in shares of Visa during the 3rd quarter valued at $457,000. Finally, EagleClaw Capital Managment LLC increased its position in shares of Visa by 1.8% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 22,687 shares of the credit-card processor’s stock valued at $5,054,000 after purchasing an additional 400 shares during the period. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of V stock traded up $4.33 during trading hours on Friday, reaching $212.88. The company had a trading volume of 4,897,174 shares, compared to its average volume of 8,823,933. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. Visa has a twelve month low of $186.67 and a twelve month high of $252.67. The company has a market capitalization of $404.74 billion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90. The stock’s fifty day simple moving average is $211.22 and its 200 day simple moving average is $212.23.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th will be 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 of this dividend is Thursday, May 12th. Visa’s dividend payout ratio is presently 23.58%.

About Visa (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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