Equities analysts forecast that Visa Inc (NYSE:V) will report earnings of $1.20 per share for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Visa’s earnings. The highest EPS estimate is $1.24 and the lowest is $1.15. Visa reported earnings per share of $0.90 during the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The company is scheduled to announce its next quarterly earnings results on Wednesday, October 24th.

According to Zacks, analysts expect that Visa will report full year earnings of $4.61 per share for the current year, with EPS estimates ranging from $4.55 to $4.87. For the next fiscal year, analysts forecast that the company will post earnings of $5.33 per share, with EPS estimates ranging from $5.04 to $5.62. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Visa.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 EPS for the quarter, topping the consensus estimate of $1.09 by $0.11. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Visa had a net margin of 47.91% and a return on equity of 36.09%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share.

Several analysts recently commented on V shares. Wedbush raised their price target on shares of Visa from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, June 6th. Buckingham Research raised their price target on shares of Visa from $152.00 to $169.00 and gave the stock a “buy” rating in a report on Tuesday, June 26th. Wells Fargo & Co raised their price target on shares of Visa from $143.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, July 12th. Oppenheimer raised their price target on shares of Visa from $143.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, July 17th. Finally, Wolfe Research started coverage on shares of Visa in a report on Tuesday, July 17th. They set an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. Visa has an average rating of “Buy” and an average target price of $150.75.

Shares of V stock traded down $0.94 during trading on Monday, hitting $149.11. 6,705,100 shares of the company were exchanged, compared to its average volume of 7,719,225. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market cap of $305.24 billion, a P/E ratio of 42.62, a P/E/G ratio of 1.86 and a beta of 1.09. Visa has a twelve month low of $102.75 and a twelve month high of $150.26.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Friday, August 17th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, August 16th. Visa’s dividend payout ratio (DPR) is currently 24.14%.

In other Visa news, CFO Vasant M. Prabhu sold 25,064 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $140.56, for a total value of $3,522,995.84. Following the sale, the chief financial officer now owns 58,232 shares of the company’s stock, valued at approximately $8,185,089.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James H. Hoffmeister sold 6,912 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $140.01, for a total transaction of $967,749.12. Following the completion of the sale, the senior vice president now directly owns 6,912 shares in the company, valued at approximately $967,749.12. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Visa by 1.3% in the 2nd quarter. BlackRock Inc. now owns 121,549,085 shares of the credit-card processor’s stock valued at $16,099,178,000 after purchasing an additional 1,535,089 shares in the last quarter. FMR LLC lifted its position in Visa by 2.9% during the 2nd quarter. FMR LLC now owns 85,466,413 shares of the credit-card processor’s stock worth $11,320,026,000 after buying an additional 2,398,540 shares in the last quarter. Fisher Asset Management LLC lifted its position in Visa by 3.8% during the 2nd quarter. Fisher Asset Management LLC now owns 17,685,789 shares of the credit-card processor’s stock worth $2,342,483,000 after buying an additional 639,522 shares in the last quarter. Alliancebernstein L.P. lifted its position in Visa by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 15,875,515 shares of the credit-card processor’s stock worth $1,810,126,000 after buying an additional 75,169 shares in the last quarter. Finally, Edgewood Management LLC lifted its position in Visa by 2.5% during the 2nd quarter. Edgewood Management LLC now owns 15,192,387 shares of the credit-card processor’s stock worth $2,012,232,000 after buying an additional 365,072 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Earnings History and Estimates for Visa (NYSE:V)

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