Visa Inc (NYSE:V) Expected to Post Quarterly Sales of $5.70 Billion

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Equities research analysts predict that Visa Inc (NYSE:V) will announce $5.70 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Visa’s earnings. The lowest sales estimate is $5.66 billion and the highest is $5.74 billion. Visa reported sales of $5.24 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.8%. The company is expected to announce its next quarterly earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Visa will report full year sales of $22.75 billion for the current financial year, with estimates ranging from $22.65 billion to $22.89 billion. For the next financial year, analysts forecast that the business will post sales of $25.26 billion, with estimates ranging from $24.77 billion to $25.89 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Visa.

Visa (NYSE:V) last announced its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 EPS for the quarter, topping the consensus estimate of $1.24 by $0.07. Visa had a net margin of 51.34% and a return on equity of 40.56%. The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same period last year, the company posted $1.11 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis.

Several brokerages have commented on V. Wedbush raised their target price on shares of Visa from $170.00 to $187.00 and gave the stock an “outperform” rating in a report on Thursday. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Friday, May 17th. Cantor Fitzgerald reissued a “buy” rating and issued a $181.00 price target on shares of Visa in a research report on Sunday, April 28th. Goldman Sachs Group reissued a “buy” rating and issued a $188.00 price target on shares of Visa in a research report on Thursday, May 2nd. Finally, UBS Group increased their price target on shares of Visa from $146.00 to $183.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $177.79.

In related news, EVP William M. Sheedy sold 75,676 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the transaction, the executive vice president now owns 300,114 shares of the company’s stock, valued at $49,590,837.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in Visa by 11,319.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock worth $656,000 after buying an additional 85,811,983 shares in the last quarter. Lunia Capital LP boosted its stake in Visa by 13,370.7% during the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after buying an additional 23,280,332 shares in the last quarter. Norges Bank acquired a new stake in Visa during the fourth quarter worth $2,341,733,000. Matthew Goff Investment Advisor LLC boosted its stake in Visa by 13,144.9% during the third quarter. Matthew Goff Investment Advisor LLC now owns 7,929,067 shares of the credit-card processor’s stock worth $59,865,000 after buying an additional 7,869,202 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in Visa by 3,913.7% during the third quarter. Capital Research Global Investors now owns 4,507,351 shares of the credit-card processor’s stock worth $676,508,000 after buying an additional 4,395,051 shares in the last quarter. 81.04% of the stock is currently owned by institutional investors.

Shares of V traded up $1.14 during midday trading on Tuesday, hitting $170.49. The stock had a trading volume of 1,418,119 shares, compared to its average volume of 6,874,840. Visa has a fifty-two week low of $121.60 and a fifty-two week high of $172.20. The stock has a market cap of $342.50 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 1.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 1.62.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Friday, May 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s payout ratio is presently 21.69%.

Visa Company Profile

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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