Visa Inc. (NYSE:V) to Post FY2024 Earnings of $9.92 Per Share, William Blair Forecasts

Visa Inc. (NYSE:V) – Analysts at William Blair reduced their FY2024 earnings estimates for shares of Visa in a research report issued to clients and investors on Wednesday, April 24th. William Blair analyst C. Kennedy now expects that the credit-card processor will post earnings per share of $9.92 for the year, down from their prior estimate of $9.98. William Blair has a “Outperform” rating on the stock. The consensus estimate for Visa’s current full-year earnings is $9.89 per share.

Several other research analysts have also commented on the stock. Evercore ISI lifted their price objective on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Robert W. Baird boosted their target price on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Macquarie boosted their target price on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday. Redburn Atlantic reissued a “neutral” rating and set a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Finally, UBS Group boosted their target price on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Visa Stock Up 0.1 %

NYSE V opened at $275.16 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $279.32 and a two-hundred day moving average of $264.05. The firm has a market capitalization of $505.33 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 1.90 and a beta of 0.96. Visa has a 52 week low of $216.14 and a 52 week high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the business posted $2.09 earnings per share. Visa’s quarterly revenue was up 9.9% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Altshuler Shaham Ltd purchased a new position in Visa in the 3rd quarter valued at $25,000. Livelsberger Financial Advisory purchased a new position in Visa in the 4th quarter valued at $25,000. Westend Capital Management LLC purchased a new position in Visa in the 1st quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in Visa in the 4th quarter valued at $32,000. Finally, Nalls Sherbakoff Group LLC lifted its holdings in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now 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 a total of 18,965 shares of company stock worth $5,256,352 over the last quarter. Insiders own 0.19% of the company’s stock.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors 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 dividend on an annualized basis and a yield of 0.76%. Visa’s dividend payout ratio is currently 23.24%.

About Visa

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.