Visa Inc. Expected to Earn Q4 2024 Earnings of $2.64 Per Share (NYSE:V)

Visa Inc. (NYSE:V) – Equities research analysts at Seaport Res Ptn increased their Q4 2024 earnings per share (EPS) estimates for Visa in a research report issued to clients and investors on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now forecasts that the credit-card processor will earn $2.64 per share for the quarter, up from their prior forecast of $2.63. The consensus estimate for Visa’s current full-year earnings is $9.89 per share.

A number of other research firms have also issued reports on V. Wells Fargo & Company upped their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. UBS Group upped their price objective on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a report on Friday, January 26th. William Blair restated an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Robert W. Baird upped their price target on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada upped their price target on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $298.43.

Visa Price Performance

V stock opened at $272.69 on Wednesday. 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 business has a 50 day simple moving average of $279.80 and a 200-day simple moving average of $262.56. The firm has a market capitalization of $500.80 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. Visa has a 1 year low of $216.14 and a 1 year high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The business 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 business’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.18 earnings per share.

Institutional Investors Weigh In On Visa

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Visa by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 141,413,922 shares of the credit-card processor’s stock worth $36,817,115,000 after purchasing an additional 361,254 shares during the last quarter. State Street Corp raised its holdings in Visa by 3.7% in the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock valued at $16,435,339,000 after acquiring an additional 2,572,159 shares during the last quarter. Morgan Stanley raised its holdings in Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after acquiring an additional 5,864,340 shares during the last quarter. FMR LLC raised its holdings in Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after acquiring an additional 2,257,605 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its holdings in Visa by 116,608.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after acquiring an additional 24,483,134 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by insiders.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is 23.94%.

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.