Zacks: Analysts Anticipate Visa (V) Will Post Quarterly Sales of $4.78 Billion

Wall Street brokerages expect that Visa (NYSE:V) will report sales of $4.78 billion for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Visa’s earnings. The highest sales estimate is $4.88 billion and the lowest is $4.61 billion. Visa reported sales of $4.48 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The firm is expected to report its next earnings report after the market closes on Wednesday, April 25th.

According to Zacks, analysts expect that Visa will report full-year sales of $4.78 billion for the current year, with estimates ranging from $19.96 billion to $20.33 billion. For the next fiscal year, analysts anticipate that the company will post sales of $22.33 billion per share, with estimates ranging from $21.99 billion to $22.64 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Visa.

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Visa (NYSE:V) last announced its quarterly earnings data 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 business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis.

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Visa in a research report on Thursday, February 1st. KeyCorp boosted their price objective on Visa from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Cantor Fitzgerald boosted their price objective on Visa to $141.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Citigroup reaffirmed a “buy” rating and issued a $145.00 price target (up from $136.00) on shares of Visa in a report on Monday, January 29th. Finally, Oppenheimer upped their price target on Visa from $125.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $135.19.

In other Visa news, EVP Lynne Biggar sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total value of $205,440.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC raised its stake in shares of Visa by 159.7% during the second quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock worth $909,979,000 after purchasing an additional 5,966,991 shares during the last quarter. BlackRock Inc. raised its stake in shares of Visa by 2.5% during the fourth quarter. BlackRock Inc. now owns 120,243,230 shares of the credit-card processor’s stock worth $13,710,132,000 after purchasing an additional 2,986,301 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Visa by 730.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,992,638 shares of the credit-card processor’s stock worth $341,221,000 after purchasing an additional 2,632,338 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Visa by 2.1% during the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after purchasing an additional 2,628,148 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Visa by 20.3% during the second quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after purchasing an additional 1,919,732 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.

Shares of Visa stock traded down $3.49 on Friday, reaching $117.70. 8,382,449 shares of the company were exchanged, compared to its average volume of 8,532,896. Visa has a 1-year low of $88.13 and a 1-year high of $126.88. The company has a market cap of $246,872.95, a PE ratio of 33.82, a P/E/G ratio of 1.58 and a beta of 0.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.07 and a current ratio of 2.07.

Visa announced that its Board of Directors has authorized a share buyback plan on Thursday, February 1st that permits the company to repurchase $7.50 billion in shares. This repurchase authorization permits the credit-card processor to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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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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Earnings History and Estimates for Visa (NYSE:V)

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