Cantor Fitzgerald Analysts Lift Earnings Estimates for Visa Inc. (V)
Visa Inc. (NYSE:V) – Stock analysts at Cantor Fitzgerald boosted their FY2018 earnings per share estimates for shares of Visa in a report issued on Monday. Cantor Fitzgerald analyst J. Foresi now anticipates that the credit-card processor will post earnings of $4.09 per share for the year, up from their previous estimate of $3.99. Cantor Fitzgerald currently has a “Buy” rating and a $120.00 target price on the stock.
V has been the topic of several other reports. Instinet lifted their price objective on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Wells Fargo & Company reiterated a “market perform” rating and set a $100.00 price objective (up from $87.50) on shares of Visa in a research report on Saturday, July 22nd. Citigroup Inc. reiterated a “buy” rating and set a $115.00 price objective (up from $100.00) on shares of Visa in a research report on Monday, July 24th. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, BidaskClub cut shares of Visa from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Three research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Visa has an average rating of “Buy” and a consensus target price of $116.08.
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Visa (NYSE:V) last posted its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same quarter in the prior year, the company earned $0.78 EPS. Visa’s revenue was up 13.9% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vantage Financial Partners Ltd. Inc. bought a new stake in Visa in the second quarter valued at about $958,000. Cordasco Financial Network bought a new stake in Visa in the third quarter valued at about $105,000. Mercer Capital Advisers Inc. increased its stake in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after acquiring an additional 25 shares during the period. Motco increased its stake in Visa by 25.1% in the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after acquiring an additional 236 shares during the period. Finally, MPS Loria Financial Planners LLC bought a new stake in Visa in the second quarter valued at about $123,000. 81.75% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.195 per share. This is an increase from Visa’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.78 annualized dividend and a dividend yield of 0.71%. Visa’s payout ratio is presently 23.57%.
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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