Equities analysts predict that Visa Inc (NYSE:V) will report earnings per share of $1.20 for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Visa’s earnings, with the highest EPS estimate coming in at $1.24 and the lowest estimate coming in at $1.15. Visa reported earnings of $0.90 per share during the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The business is expected to report its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that Visa will report full-year earnings of $4.59 per share for the current fiscal year, with EPS estimates ranging from $4.55 to $4.63. For the next fiscal year, analysts anticipate that the business will post earnings of $5.32 per share, with EPS estimates ranging from $5.04 to $5.43. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Visa.

Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.11. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.09 billion. Visa had a net margin of 47.91% and a return on equity of 36.09%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 EPS.

Several equities research analysts recently commented on V shares. Loop Capital lifted their target price on shares of Visa to $157.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. They noted that the move was a valuation call. Cantor Fitzgerald lifted their target price on shares of Visa to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, July 26th. Buckingham Research lifted their target price on shares of Visa from $152.00 to $169.00 and gave the stock a “buy” rating in a research report on Tuesday, June 26th. Wells Fargo & Co lifted their target price on shares of Visa from $143.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, July 12th. Finally, Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. Three research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $147.87.

In related news, CFO Vasant M. Prabhu sold 25,064 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $140.56, for a total transaction of $3,522,995.84. Following the transaction, the chief financial officer now owns 58,232 shares in the company, valued at approximately $8,185,089.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James H. Hoffmeister sold 6,912 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $140.01, for a total transaction of $967,749.12. Following the transaction, the senior vice president now owns 6,912 shares in the company, valued at approximately $967,749.12. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can bought a new stake in Visa during the 2nd quarter valued at $727,019,000. Vontobel Asset Management Inc. bought a new stake in shares of Visa in the 2nd quarter worth $471,495,000. BlackRock Inc. grew its stake in shares of Visa by 2.5% in the 4th quarter. BlackRock Inc. now owns 120,243,230 shares of the credit-card processor’s stock worth $13,710,132,000 after acquiring an additional 2,986,301 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Visa by 730.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,992,638 shares of the credit-card processor’s stock worth $341,221,000 after acquiring an additional 2,632,338 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Visa by 2.9% in the 2nd quarter. FMR LLC now owns 85,466,413 shares of the credit-card processor’s stock worth $11,320,026,000 after acquiring an additional 2,398,540 shares in the last quarter. Institutional investors own 80.23% of the company’s stock.

Shares of Visa stock opened at $146.74 on Friday. The company has a market cap of $295.37 billion, a P/E ratio of 42.17, a P/E/G ratio of 1.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.69. Visa has a 1 year low of $102.26 and a 1 year high of $147.71.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Friday, August 17th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.57%. Visa’s dividend payout ratio (DPR) is currently 24.14%.

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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