Brokerages predict that Visa Inc (NYSE:V) will report earnings of $1.01 per share for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Visa’s earnings. The highest EPS estimate is $1.04 and the lowest is $0.95. Visa reported earnings of $0.86 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.4%. The business is scheduled to issue its next earnings report on Thursday, April 19th.
According to Zacks, analysts expect that Visa will report full-year earnings of $4.36 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.45. For the next year, analysts expect that the firm will post earnings of $5.13 per share, with EPS estimates ranging from $4.50 to $5.30. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Visa.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis.
In other news, EVP Tullier Kelly Mahon sold 49,702 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the transaction, the executive vice president now directly owns 76,202 shares in the company, valued at $8,661,119.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert W. Matschullat sold 6,220 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total transaction of $707,587.20. Following the completion of the sale, the director now owns 57,368 shares of the company’s stock, valued at $6,526,183.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,634 shares of company stock worth $6,562,157. Insiders own 0.14% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Beach Investment Management LLC. grew its position in Visa by 455.7% during the second quarter. Beach Investment Management LLC. now owns 144,089 shares of the credit-card processor’s stock valued at $13,513,000 after buying an additional 118,159 shares during the period. GVO Asset Management Ltd raised its holdings in Visa by 596.6% in the second quarter. GVO Asset Management Ltd now owns 351,780 shares of the credit-card processor’s stock valued at $32,990,000 after buying an additional 301,280 shares during the period. Essex Financial Services Inc. raised its stake in shares of Visa by 19.4% during the second quarter. Essex Financial Services Inc. now owns 37,097 shares of the credit-card processor’s stock valued at $3,479,000 after purchasing an additional 6,038 shares during the period. Karp Capital Management Corp raised its stake in shares of Visa by 0.6% during the second quarter. Karp Capital Management Corp now owns 28,160 shares of the credit-card processor’s stock valued at $2,641,000 after purchasing an additional 166 shares during the period. Finally, Cutter & CO Brokerage Inc. acquired a new stake in shares of Visa during the second quarter worth approximately $303,000. 80.70% of the stock is owned by institutional investors and hedge funds.
Shares of Visa (V) traded up $2.29 during mid-day trading on Friday, hitting $124.51. The company had a trading volume of 6,084,801 shares, compared to its average volume of 8,800,000. Visa has a one year low of $87.85 and a one year high of $126.88. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $281,010.00, a P/E ratio of 48.83, a PEG ratio of 1.65 and a beta of 1.00.
Visa declared that its board has initiated a share buyback plan on Thursday, February 1st that allows the company to buyback $7.50 billion in outstanding shares. This buyback authorization allows the credit-card processor to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Friday, February 16th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.67%. This is a boost from Visa’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, February 15th. Visa’s dividend payout ratio is currently 32.94%.
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.
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