Wall Street brokerages expect Visa Inc (NYSE:V) to announce $4.62 billion in sales for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Visa’s earnings, with estimates ranging from $4.57 billion to $4.67 billion. Visa posted sales of $4.26 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8.5%. The business is scheduled to report its next earnings results on Monday, October 23rd.

On average, analysts expect that Visa will report full year sales of $4.62 billion for the current fiscal year, with estimates ranging from $17.97 billion to $18.17 billion. For the next financial year, analysts anticipate that the company will post sales of $19.84 billion per share, with estimates ranging from $19.09 billion to $20.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Visa.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.90% and a net margin of 45.10%. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year.

A number of brokerages recently commented on V. Wedbush reissued an “outperform” rating and issued a $100.00 price objective (up previously from $96.00) on shares of Visa in a research note on Tuesday, June 6th. Loop Capital boosted their price objective on shares of Visa from $101.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Deutsche Bank AG boosted their price objective on shares of Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Instinet boosted their price objective on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, BidaskClub raised shares of Visa from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $104.76.

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Shares of Visa (NYSE:V) opened at 103.35 on Monday. Visa has a 52 week low of $75.17 and a 52 week high of $104.20. The firm has a market cap of $236.30 billion, a PE ratio of 38.43 and a beta of 0.94. The firm has a 50-day moving average price of $99.99 and a 200-day moving average price of $93.46.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.64%. The ex-dividend date is Wednesday, August 16th. Visa’s payout ratio is 24.54%.

In other Visa news, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the transaction, the executive vice president now owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Krilogy Financial LLC increased its position in shares of Visa by 0.3% in the second quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock worth $241,000 after buying an additional 7 shares during the period. Capital Investment Advisory Services LLC increased its position in shares of Visa by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock worth $445,000 after buying an additional 20 shares during the period. Baker Ellis Asset Management LLC increased its position in shares of Visa by 0.3% in the second quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock worth $587,000 after buying an additional 20 shares during the period. Mercer Capital Advisers Inc. increased its position in shares of Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after buying an additional 25 shares during the period. Finally, Smithfield Trust Co. increased its position in shares of Visa by 0.3% in the first quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock worth $804,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Visa Company Profile

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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Earnings History and Estimates for Visa (NYSE:V)

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