Q4 2024 Earnings Estimate for Visa Inc. (NYSE:V) Issued By Seaport Res Ptn

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

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.18 EPS.

V has been the topic of several other reports. Keefe, Bruyette & Woods raised their price target on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Citigroup lifted their target price on shares of Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Barclays lifted their target price on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Raymond James lifted their price target on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Redburn Atlantic reissued a “neutral” rating and set a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $298.43.

Visa Stock Performance

NYSE:V traded up $1.34 during midday trading on Wednesday, reaching $272.69. The stock had a trading volume of 5,827,328 shares, compared to its average volume of 5,800,602. 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 stock has a market capitalization of $500.80 billion, a P/E ratio of 31.34, a PEG ratio of 1.87 and a beta of 0.96. The firm’s fifty day simple moving average is $279.93 and its 200-day simple moving average is $262.49. Visa has a 1-year low of $216.14 and a 1-year high of $290.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Alaethes Wealth LLC boosted its holdings in shares of Visa by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock worth $2,302,000 after buying an additional 37 shares during the last quarter. Jessup Wealth Management Inc boosted its holdings in shares of Visa by 0.7% in the 1st quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock worth $1,410,000 after buying an additional 37 shares during the last quarter. Garden State Investment Advisory Services LLC lifted its holdings in Visa by 1.8% during the fourth quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock valued at $571,000 after purchasing an additional 38 shares during the last quarter. Holistic Financial Partners lifted its holdings in Visa by 2.0% during the fourth quarter. Holistic Financial Partners now owns 1,975 shares of the credit-card processor’s stock valued at $514,000 after purchasing an additional 39 shares during the last quarter. Finally, GoalVest Advisory LLC lifted its holdings in Visa by 3.4% during the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa 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 sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is owned by company insiders.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given 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 of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is 23.94%.

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.