William Blair Weighs in on Visa Inc.’s Q3 2024 Earnings (NYSE:V)

Visa Inc. (NYSE:V) – Analysts at William Blair cut their Q3 2024 earnings estimates for Visa in a note issued to investors on Wednesday, April 24th. William Blair analyst C. Kennedy now expects that the credit-card processor will post earnings of $2.39 per share for the quarter, down from their previous forecast of $2.46. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Visa’s current full-year earnings is $9.88 per share. William Blair also issued estimates for Visa’s Q1 2025 earnings at $2.71 EPS and Q2 2025 earnings at $2.66 EPS.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.72%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 EPS.

A number of other equities research analysts have also recently weighed in on V. Royal Bank of Canada boosted their price target on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday. KeyCorp boosted their price target on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Robert W. Baird boosted their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Evercore ISI upped their target price on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $265.00 target price on shares of Visa in a report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Visa Price Performance

Visa stock opened at $275.04 on Thursday. The stock has a market cap of $505.11 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company has a fifty day simple moving average of $279.44 and a 200-day simple moving average of $263.97. Visa has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Hedge Funds Weigh In On Visa

Large investors have recently bought and sold shares of the stock. Investment Advisory Services Inc. TX ADV raised its stake in Visa by 2.0% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after purchasing an additional 78 shares during the period. Towerpoint Wealth LLC acquired a new position in shares of Visa during the 4th quarter valued at $216,000. Andrew Hill Investment Advisors Inc. acquired a new position in shares of Visa during the 4th quarter valued at $3,427,000. Wayfinding Financial LLC lifted its holdings in shares of Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after acquiring an additional 161 shares in the last quarter. Finally, Richelieu Gestion SA acquired a new position in shares of Visa during the 4th quarter valued at $307,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s 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 transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock worth $5,256,352 over the last ninety days. 0.19% of the stock is currently owned by insiders.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa’s dividend payout ratio is presently 23.24%.

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.