Visa (V) Set to Announce Quarterly Earnings on Tuesday

Visa (NYSE:V) is set to release its earnings data after the market closes on Tuesday, April 23rd. Analysts expect Visa to post earnings of $2.42 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.18 earnings per share. On average, analysts expect Visa to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Visa Stock Down 1.7 %

Shares of NYSE V opened at $271.28 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $498.21 billion, a P/E ratio of 31.22, a PEG ratio of 1.91 and a beta of 0.96. Visa has a 1 year low of $216.14 and a 1 year high of $290.96. The firm has a 50-day simple moving average of $280.04 and a two-hundred day simple moving average of $262.19.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s payout ratio is currently 23.94%.

Insider Transactions at Visa

In related news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Visa news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last three months, insiders sold 55,511 shares of company stock valued at $15,131,081. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in V. Financial Freedom LLC acquired a new position in shares of Visa during the fourth quarter worth about $32,000. Mango Five Family Inc. acquired a new position in Visa during the fourth quarter worth about $55,000. Aspect Partners LLC acquired a new position in Visa during the fourth quarter worth about $61,000. FWL Investment Management LLC acquired a new position in Visa during the fourth quarter worth about $64,000. Finally, HWG Holdings LP grew its position in Visa by 18.4% during the second quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock worth $64,000 after buying an additional 42 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on V shares. Wedbush raised their price objective on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Royal Bank of Canada boosted their price objective on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Raymond James boosted their price objective on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $296.87.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.