Analysts Offer Predictions for Visa Inc.’s Q1 2017 Earnings (V)
Visa Inc. (NYSE:V) – Equities researchers at William Blair issued their Q1 2017 earnings per share estimates for shares of Visa in a research note issued to investors on Thursday. William Blair analyst R. Napoli expects that the brokerage will post earnings of $0.79 per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Visa’s Q2 2017 earnings at $0.76 EPS, Q3 2017 earnings at $0.82 EPS and Q4 2017 earnings at $0.87 EPS.
Several other research analysts also recently issued reports on V. Argus reissued a “buy” rating and set a $90.00 price objective (up from $85.00) on shares of Visa in a research report on Monday, July 25th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $94.00 target price on shares of Visa in a report on Friday, August 5th. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Tuesday, July 19th. Sanford C. Bernstein reaffirmed a “positive” rating and issued a $97.00 target price on shares of Visa in a report on Tuesday, June 21st. Finally, Vetr downgraded shares of Visa from a “strong-buy” rating to a “buy” rating and set a $85.82 target price on the stock. in a report on Wednesday, June 29th. Four investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and a consensus price target of $88.94.
Shares of Visa (NYSE:V) opened at 82.45 on Friday. Visa has a 12-month low of $66.12 and a 12-month high of $83.79. The firm has a market cap of $194.58 billion, a P/E ratio of 35.04 and a beta of 0.95. The firm has a 50-day moving average of $82.28 and a 200-day moving average of $79.36.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. The company earned $3.63 billion during the quarter, compared to the consensus estimate of $3.67 billion. Visa had a net margin of 38.72% and a return on equity of 22.36%.
A number of hedge funds have recently bought and sold shares of V. Iowa State Bank bought a new stake in Visa during the second quarter valued at about $111,000. West Oak Capital LLC boosted its stake in Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock valued at $114,000 after buying an additional 1,090 shares in the last quarter. Hanson McClain Inc. boosted its stake in Visa by 6.1% in the second quarter. Hanson McClain Inc. now owns 1,728 shares of the credit-card processor’s stock valued at $128,000 after buying an additional 100 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in Visa during the second quarter valued at about $139,000. Finally, WealthTrust Arizona LLC boosted its stake in Visa by 0.9% in the second quarter. WealthTrust Arizona LLC now owns 2,393 shares of the credit-card processor’s stock valued at $177,000 after buying an additional 21 shares in the last quarter. 80.08% of the stock is currently owned by hedge funds and other institutional investors.
Visa Company Profile
Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
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