Brokerages Anticipate Visa Inc (V) to Announce $1.20 EPS

Brokerages forecast that Visa Inc (NYSE:V) will post $1.20 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Visa’s earnings, with estimates ranging from $1.15 to $1.24. Visa reported earnings of $0.90 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 24th.

On average, analysts expect that Visa will report full year earnings of $4.61 per share for the current financial year, with EPS estimates ranging from $4.55 to $4.87. For the next year, analysts expect that the company will report earnings of $5.33 per share, with EPS estimates ranging from $5.04 to $5.62. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Visa.

Visa (NYSE:V) last released its quarterly earnings data on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.11. Visa had a net margin of 47.91% and a return on equity of 36.09%. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.09 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year.

Several equities research analysts have recently issued reports on V shares. Morgan Stanley raised shares of Visa to an “overweight” rating in a research report on Monday, July 23rd. Royal Bank of Canada increased their price objective on shares of Visa to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 5th. Wolfe Research started coverage on shares of Visa in a research report on Tuesday, July 17th. They issued an “outperform” rating for the company. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, Raymond James reissued an “outperform” rating and issued a $165.00 price objective on shares of Visa in a research report on Tuesday, July 24th. Three investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $150.75.

In other Visa news, SVP James H. Hoffmeister sold 6,912 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $140.01, for a total transaction of $967,749.12. Following the transaction, the senior vice president now directly owns 6,912 shares in the company, valued at approximately $967,749.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vasant M. Prabhu sold 25,064 shares of the stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $140.56, for a total transaction of $3,522,995.84. Following the transaction, the chief financial officer now owns 58,232 shares in the company, valued at $8,185,089.92. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stifel Financial Corp lifted its position in shares of Visa by 2.6% in the 1st quarter. Stifel Financial Corp now owns 1,866,738 shares of the credit-card processor’s stock worth $223,368,000 after buying an additional 47,939 shares during the last quarter. Robecosam AG lifted its position in shares of Visa by 17.8% in the 4th quarter. Robecosam AG now owns 9,562 shares of the credit-card processor’s stock worth $1,093,000 after buying an additional 1,445 shares during the last quarter. Rossmore Private Capital lifted its position in shares of Visa by 47.0% in the 2nd quarter. Rossmore Private Capital now owns 15,933 shares of the credit-card processor’s stock worth $2,110,000 after buying an additional 5,092 shares during the last quarter. Benson Investment Management Company Inc. lifted its position in shares of Visa by 362.7% in the 2nd quarter. Benson Investment Management Company Inc. now owns 26,560 shares of the credit-card processor’s stock worth $3,518,000 after buying an additional 20,820 shares during the last quarter. Finally, 6 Meridian bought a new position in shares of Visa in the 1st quarter worth about $6,393,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Shares of Visa stock traded down $0.94 during trading hours on Monday, hitting $149.11. The company’s stock had a trading volume of 6,705,100 shares, compared to its average volume of 7,719,225. Visa has a 1-year low of $102.75 and a 1-year high of $150.26. The firm has a market capitalization of $305.24 billion, a P/E ratio of 42.62, a PEG ratio of 1.86 and a beta of 1.09. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.60.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Friday, August 17th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Thursday, August 16th. Visa’s payout ratio is 24.14%.

About Visa

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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