Brokerages predict that Visa Inc. (NYSE:V) will report $5.81 billion in sales for the current fiscal quarter, according to Zacks. Fourteen analysts have provided estimates for Visa‘s earnings, with estimates ranging from $5.66 billion to $6.16 billion. Visa posted sales of $4.84 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The business is expected to announce its next earnings results on Tuesday, July 27th.
On average, analysts expect that Visa will report full year sales of $23.45 billion for the current year, with estimates ranging from $23.20 billion to $23.92 billion. For the next fiscal year, analysts anticipate that the business will report sales of $27.87 billion, with estimates ranging from $26.69 billion to $29.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Visa.
Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 27th. The credit-card processor reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.12. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $5.54 billion. Visa had a return on equity of 37.22% and a net margin of 49.74%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 EPS.
A number of equities analysts have recently weighed in on V shares. Truist lifted their price target on shares of Visa from $230.00 to $250.00 in a research report on Wednesday, April 28th. Morgan Stanley lifted their target price on Visa from $258.00 to $279.00 and gave the stock an “overweight” rating in a report on Monday, May 3rd. Mizuho raised their price target on Visa from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, May 4th. Jefferies Financial Group boosted their price objective on Visa from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, May 4th. Finally, Wells Fargo & Company lifted their price target on shares of Visa from $240.00 to $265.00 and gave the company an “overweight” rating in a research note on Tuesday, May 4th. Two investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $246.32.
Shares of NYSE V opened at $226.94 on Monday. Visa has a fifty-two week low of $178.87 and a fifty-two week high of $237.50. The firm has a market capitalization of $442.07 billion, a P/E ratio of 46.50, a P/E/G ratio of 3.80 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.91 and a quick ratio of 1.91. The company’s 50 day simple moving average is $224.24 and its 200 day simple moving average is $212.26.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 14th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, May 13th. Visa‘s dividend payout ratio (DPR) is presently 25.40%.
In related news, insider Rajat Taneja sold 31,750 shares of the firm’s stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $223.00, for a total value of $7,080,250.00. Following the transaction, the insider now owns 282,606 shares of the company’s stock, valued at approximately $63,021,138. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction dated Wednesday, March 31st. The shares were sold at an average price of $212.55, for a total value of $1,912,950.00. Following the transaction, the chief executive officer now owns 163,112 shares of the company’s stock, valued at approximately $34,669,455.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,626 shares of company stock worth $30,979,639. 0.19% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Visa during the 4th quarter worth about $3,305,348,000. Morgan Stanley boosted its position in shares of Visa by 20.2% in the fourth quarter. Morgan Stanley now owns 40,793,518 shares of the credit-card processor’s stock valued at $8,922,767,000 after acquiring an additional 6,857,457 shares during the period. Viking Global Investors LP grew its stake in Visa by 1,170.4% during the fourth quarter. Viking Global Investors LP now owns 4,085,538 shares of the credit-card processor’s stock valued at $893,630,000 after acquiring an additional 3,763,943 shares in the last quarter. Magellan Asset Management Ltd lifted its stake in Visa by 32.1% in the 1st quarter. Magellan Asset Management Ltd now owns 12,625,802 shares of the credit-card processor’s stock worth $2,673,261,000 after purchasing an additional 3,065,044 shares in the last quarter. Finally, Edgewood Management LLC boosted its holdings in Visa by 17.1% in the 1st quarter. Edgewood Management LLC now owns 15,902,335 shares of the credit-card processor’s stock valued at $3,367,001,000 after purchasing an additional 2,326,178 shares during the period. 80.50% of the stock is owned by institutional investors and hedge funds.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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