Visa Inc. (V) to Post FY2018 Earnings of $4.00 Per Share, Wedbush Forecasts

Visa Inc. (NYSE:V) – Equities research analysts at Wedbush upped their FY2018 EPS estimates for Visa in a research report issued on Monday. Wedbush analyst M. Katri now expects that the credit-card processor will post earnings per share of $4.00 for the year, up from their previous forecast of $3.95. Wedbush currently has a “Outperform” rating and a $100.00 price target on the stock.

A number of other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating and set a $106.00 price objective on the stock. in a report on Wednesday, June 14th. BidaskClub downgraded shares of Visa from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Vetr downgraded shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 price objective on the stock. in a report on Monday, June 5th. Citigroup Inc. reissued a “buy” rating and set a $100.00 price objective on shares of Visa in a report on Thursday, May 25th. Finally, CIBC lifted their target price on shares of Visa from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Visa presently has an average rating of “Buy” and a consensus price target of $95.73.

Earnings History and Estimates for Visa (NYSE:V)

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Visa (V) opened at 94.79 on Tuesday. Visa has a 12 month low of $73.25 and a 12 month high of $96.60. The firm has a market cap of $218.63 billion, a P/E ratio of 47.30 and a beta of 0.94. The firm has a 50 day moving average of $93.82 and a 200-day moving average of $87.45.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, April 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.29 billion. Visa had a net margin of 28.78% and a return on equity of 29.14%. The firm’s revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 earnings per share.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Friday, May 19th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $0.66 annualized dividend and a yield of 0.70%. Visa’s dividend payout ratio is currently 33.00%.

In other Visa news, Vice Chairman Ellen Richey sold 31,260 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $91.94, for a total transaction of $2,874,044.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in V. Integrated Investment Consultants LLC increased its position in shares of Visa by 0.7% in the first quarter. Integrated Investment Consultants LLC now owns 2,961 shares of the credit-card processor’s stock valued at $263,000 after buying an additional 20 shares during the period. Guardian Life Insurance Co. of America increased its position in shares of Visa by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 7,178 shares of the credit-card processor’s stock valued at $638,000 after buying an additional 22 shares during the period. Mercer Capital Advisers Inc. increased its position in shares of Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after buying an additional 25 shares during the period. Smithfield Trust Co. increased its position in shares of Visa by 0.3% in the first quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock valued at $804,000 after buying an additional 25 shares during the period. Finally, Nicolet Bankshares Inc. increased its position in shares of Visa by 0.3% in the first quarter. Nicolet Bankshares Inc. now owns 9,312 shares of the credit-card processor’s stock valued at $828,000 after buying an additional 27 shares during the period. Institutional investors own 83.43% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “V”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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