Visa (V) Earning Somewhat Positive News Coverage, Study Shows
News articles about Visa (NYSE:V) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Visa earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the credit-card processor an impact score of 44.7340758846022 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- EOD Risers: UnitedHealth Group Inc, Visa Inc, Wal-Mart Stores Inc … – DirectorsTalk Interviews (directorstalkinterviews.com)
- Visa Inc., Bloomberg Government to Host Global Trend towards Electronic Payments Event – Markets Insider (markets.businessinsider.com)
- This Cryptocurrency Gained 695% on a Deal With Visa That Didn’t Happen – Bloomberg (bloomberg.com)
- Visa Inc. To Announce Fiscal Fourth Quarter and Full-Year 2017 Financial Results on October 25, 2017 – Business Wire (press release) (businesswire.com)
Visa (V) traded up 0.14% on Tuesday, reaching $105.59. 4,411,064 shares of the company’s stock were exchanged. Visa has a 12-month low of $75.17 and a 12-month high of $106.84. The company has a market cap of $241.42 billion, a P/E ratio of 39.27 and a beta of 0.94. The firm has a 50 day moving average of $104.22 and a 200-day moving average of $96.64.
Visa (NYSE:V) last announced its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the business posted $0.69 earnings per share. Equities analysts expect that Visa will post $3.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. Visa’s payout ratio is 24.54%.
A number of equities analysts have recently issued reports on the stock. UBS AG reiterated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Deutsche Bank AG upped their target price on Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Vetr cut Visa from a “hold” rating to a “sell” rating and set a $92.84 target price on the stock. in a research report on Monday, June 5th. Nomura lifted their price target on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, KeyCorp reissued a “buy” rating and issued a $110.00 price target on shares of Visa in a research report on Friday, August 25th. Three research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $108.76.
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In related news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the sale, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.
Visa Company Profile
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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