Visa Inc. Forecasted to Post Q3 2024 Earnings of $2.39 Per Share (NYSE:V)

Visa Inc. (NYSE:V) – Analysts at William Blair cut their Q3 2024 earnings per share estimates for shares of Visa in a research note issued on Wednesday, April 24th. William Blair analyst C. Kennedy now anticipates that the credit-card processor will post earnings of $2.39 per share for the quarter, down from their prior estimate of $2.46. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Visa’s current full-year earnings is $9.88 per share. William Blair also issued estimates for Visa’s Q1 2025 earnings at $2.71 EPS and Q2 2025 earnings at $2.66 EPS.

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

A number of other equities research analysts have also commented on the company. TD Cowen assumed coverage on Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Wedbush upped their price target on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday. KeyCorp upped their price target on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Finally, Evercore ISI upped their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

Visa Trading Up 0.1 %

NYSE V opened at $275.16 on Thursday. The business’s 50-day moving average price is $279.32 and its two-hundred day moving average price is $264.05. Visa has a 12 month low of $216.14 and a 12 month high of $290.96. The firm has a market capitalization of $505.33 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Institutional Trading of Visa

Institutional investors and hedge funds have recently modified their holdings of the business. Altshuler Shaham Ltd bought a new position in Visa during the third quarter valued at $25,000. Livelsberger Financial Advisory bought a new position in Visa during the fourth quarter valued at $25,000. Westend Capital Management LLC bought a new position in Visa during the first quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in Visa during the fourth quarter valued at $32,000. Finally, Nalls Sherbakoff Group LLC grew its holdings in Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock valued at $5,256,352 over the last ninety days. 0.19% of the stock is currently owned by insiders.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

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.