Brokerages Expect Visa Inc (NYSE:V) to Announce $1.43 EPS
Equities analysts expect Visa Inc (NYSE:V) to post $1.43 earnings per share for the current quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Visa’s earnings. The highest EPS estimate is $1.48 and the lowest is $1.39. Visa posted earnings per share of $1.21 during the same quarter last year, which indicates a positive year over year growth rate of 18.2%. The firm is expected to announce its next quarterly earnings report on Wednesday, October 23rd.
According to Zacks, analysts expect that Visa will report full year earnings of $5.40 per share for the current year, with EPS estimates ranging from $5.34 to $5.46. For the next fiscal year, analysts anticipate that the business will report earnings of $6.24 per share, with EPS estimates ranging from $6.11 to $6.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Visa.
Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period last year, the company posted $1.20 EPS. The business’s revenue was up 11.5% on a year-over-year basis.
V traded up $1.96 during trading on Friday, reaching $178.23. The company’s stock had a trading volume of 8,179,400 shares, compared to its average volume of 7,288,542. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $178.23 and a two-hundred day simple moving average of $162.51. Visa has a 1 year low of $121.60 and a 1 year high of $184.07. The company has a market cap of $344.23 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 1.94 and a beta of 0.96.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Thursday, August 15th. Visa’s payout ratio is presently 21.69%.
In other news, Director Lloyd Carney sold 3,500 shares of Visa stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $182.73, for a total transaction of $639,555.00. Following the sale, the director now owns 3,452 shares of the company’s stock, valued at approximately $630,783.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Denise M. Morrison purchased 1,000 shares of Visa stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $171.13 per share, for a total transaction of $171,130.00. Following the transaction, the director now owns 3,223 shares in the company, valued at approximately $551,551.99. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in V. Oregon Public Employees Retirement Fund raised its position in Visa by 11,319.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock valued at $656,000 after purchasing an additional 85,811,983 shares during the period. Lunia Capital LP raised its position in Visa by 13,370.7% in the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock valued at $23,454,000 after purchasing an additional 23,280,332 shares during the period. Nuveen Asset Management LLC raised its position in Visa by 3,715.7% in the second quarter. Nuveen Asset Management LLC now owns 16,291,965 shares of the credit-card processor’s stock valued at $2,827,471,000 after purchasing an additional 15,864,991 shares during the period. Thoroughbred Financial Services LLC raised its position in Visa by 17,806.8% in the second quarter. Thoroughbred Financial Services LLC now owns 3,346,951 shares of the credit-card processor’s stock valued at $334,695,000 after purchasing an additional 3,328,260 shares during the period. Finally, BlackRock Inc. raised its position in Visa by 2.3% in the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock valued at $21,483,952,000 after purchasing an additional 2,773,330 shares during the period. 81.63% of the stock is currently owned by institutional investors.
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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