Visa Inc. Expected to Post Q3 2024 Earnings of $2.43 Per Share (NYSE:V)

Visa Inc. (NYSE:V) – Investment analysts at Seaport Res Ptn reduced their Q3 2024 earnings estimates for Visa in a research report issued to clients and investors on Tuesday, April 23rd. Seaport Res Ptn analyst J. Cantwell now expects that the credit-card processor will earn $2.43 per share for the quarter, down from their prior estimate of $2.50. The consensus estimate for Visa’s current full-year earnings is $9.88 per share. Seaport Res Ptn also issued estimates for Visa’s Q1 2025 earnings at $2.57 EPS, Q2 2025 earnings at $2.73 EPS, Q3 2025 earnings at $2.84 EPS and Q4 2025 earnings at $2.97 EPS.

V has been the subject of several other research reports. William Blair restated an “outperform” rating on shares of Visa in a research report on Wednesday. Robert W. Baird upped their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. KeyCorp increased their target price on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. UBS Group increased their target price on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Citigroup increased their target price on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

Visa Stock Up 0.1 %

Visa stock opened at $275.16 on Thursday. The company has a 50-day simple moving average of $279.32 and a 200-day simple moving average of $264.05. The firm has a market capitalization of $505.33 billion, a P/E ratio of 30.74, a P/E/G ratio of 1.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. Visa has a one year low of $216.14 and a one year high of $290.96.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.72%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 earnings per share.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Visa

A number of hedge funds have recently made changes to their positions in the stock. Checchi Capital Advisers LLC increased its holdings in Visa by 1.1% in the first quarter. Checchi Capital Advisers LLC now owns 16,155 shares of the credit-card processor’s stock worth $4,509,000 after buying an additional 181 shares during the last quarter. Oakwell Private Wealth Management LLC increased its holdings in Visa by 8.4% in the first quarter. Oakwell Private Wealth Management LLC now owns 2,980 shares of the credit-card processor’s stock worth $832,000 after buying an additional 231 shares during the last quarter. Allworth Financial LP increased its holdings in Visa by 12.3% in the first quarter. Allworth Financial LP now owns 59,569 shares of the credit-card processor’s stock worth $16,625,000 after buying an additional 6,502 shares during the last quarter. Lindbrook Capital LLC increased its holdings in Visa by 2.4% in the first quarter. Lindbrook Capital LLC now owns 13,325 shares of the credit-card processor’s stock worth $3,719,000 after buying an additional 311 shares during the last quarter. Finally, One Day In July LLC acquired a new position in Visa in the first quarter worth approximately $291,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Company Profile

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.