Visa Inc (NYSE:V) Expected to Announce Earnings of $1.33 Per Share
Equities analysts expect Visa Inc (NYSE:V) to report $1.33 earnings per share for the current quarter, according to Zacks. Twelve analysts have provided estimates for Visa’s earnings. The highest EPS estimate is $1.36 and the lowest is $1.29. Visa posted earnings of $1.20 per share during the same quarter last year, which suggests a positive year over year growth rate of 10.8%. The company is scheduled to report its next earnings report on Wednesday, July 24th.
On average, analysts expect that Visa will report full year earnings of $5.38 per share for the current year, with EPS estimates ranging from $5.30 to $5.52. For the next fiscal year, analysts anticipate that the company will post earnings of $6.22 per share, with EPS estimates ranging from $6.02 to $6.44. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Visa.
Visa (NYSE:V) last issued its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 EPS for the quarter, beating the consensus estimate of $1.24 by $0.07. Visa had a return on equity of 40.56% and a net margin of 51.34%. The business had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the business posted $1.11 EPS. The company’s revenue was up 8.3% compared to the same quarter last year.
In other news, EVP William M. Sheedy sold 75,676 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $165.24, for a total value of $12,504,702.24. Following the transaction, the executive vice president now directly owns 300,114 shares in the company, valued at approximately $49,590,837.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.17% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CX Institutional bought a new stake in Visa during the fourth quarter valued at about $224,000. Anderson Hoagland & Co. raised its holdings in Visa by 0.7% during the fourth quarter. Anderson Hoagland & Co. now owns 69,530 shares of the credit-card processor’s stock valued at $8,953,000 after acquiring an additional 487 shares during the period. LPL Financial LLC raised its holdings in Visa by 7.3% during the third quarter. LPL Financial LLC now owns 830,297 shares of the credit-card processor’s stock valued at $124,619,000 after acquiring an additional 56,606 shares during the period. WINTON GROUP Ltd increased its holdings in shares of Visa by 0.7% in the fourth quarter. WINTON GROUP Ltd now owns 14,060 shares of the credit-card processor’s stock worth $1,855,000 after purchasing an additional 98 shares during the last quarter. Finally, Webster Bank N. A. increased its holdings in shares of Visa by 5.8% in the fourth quarter. Webster Bank N. A. now owns 51,852 shares of the credit-card processor’s stock worth $6,841,000 after purchasing an additional 2,836 shares during the last quarter. Institutional investors own 81.04% of the company’s stock.
V traded up $1.14 during trading on Friday, hitting $170.49. 1,418,119 shares of the company’s stock traded hands, compared to its average volume of 6,874,840. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58. Visa has a 12-month low of $121.60 and a 12-month high of $172.20. The company has a market cap of $342.50 billion, a price-to-earnings ratio of 36.98, a P/E/G ratio of 1.94 and a beta of 0.96.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. Visa’s dividend payout ratio (DPR) is currently 21.69%.
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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