Visa (V) Earning Somewhat Negative Media Coverage, Study Shows
Media stories about Visa (NYSE:V) have been trending somewhat negative this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Visa earned a daily sentiment score of -0.05 on Accern’s scale. Accern also gave news coverage about the credit-card processor an impact score of 73 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- $0.80 EPS Expected for Visa Inc. (V) This Quarter (americanbankingnews.com)
- Cowen and Company Reaffirms Outperform Rating for Visa Inc. (V) (americanbankingnews.com)
- Visa Inc (V) Analysts See $0.80 EPS – Weekly Register (weeklyregister.com)
- EOD Risers: UnitedHealth Group Inc, Visa Inc, Wal-Mart Stores Inc – DirectorsTalk Interviews (directorstalkinterviews.com)
- How Many Visa Inc (NYSE:V)’s Analysts Are Bearish? – WeeklyHub (weeklyhub.com)
V has been the subject of a number of research reports. Citigroup Inc. reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Visa in a research note on Thursday, May 25th. Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $93.85 price objective for the company in a research note on Monday, March 20th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Wednesday, March 1st. Credit Suisse Group reiterated a “hold” rating on shares of Visa in a report on Wednesday, March 29th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $104.00 target price on shares of Visa in a report on Saturday, March 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $95.73.
Visa (NYSE:V) opened at 95.58 on Friday. The company has a 50-day moving average price of $93.91 and a 200 day moving average price of $87.59. The firm has a market capitalization of $220.45 billion, a P/E ratio of 47.69 and a beta of 0.94. Visa has a 1-year low of $73.25 and a 1-year high of $96.60.
Visa (NYSE:V) last posted its earnings results on Thursday, April 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.07. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.29 billion. Visa had a return on equity of 29.14% and a net margin of 28.78%. Visa’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. Analysts expect that Visa will post $3.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Friday, May 19th were given a dividend of $0.165 per share. The ex-dividend date was Wednesday, May 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.69%. Visa’s payout ratio is 33.00%.
In other Visa news, Vice Chairman Ellen Richey sold 31,260 shares of the business’s stock in a transaction on Tuesday, April 25th. The stock was 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 SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.
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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