Wall Street analysts predict that Visa Inc. (NYSE:V) will report $5.51 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Visa’s earnings, with the highest sales estimate coming in at $5.65 billion and the lowest estimate coming in at $5.35 billion. Visa reported sales of $6.05 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 8.9%. The business is expected to report its next quarterly earnings report on Thursday, February 4th.

According to Zacks, analysts expect that Visa will report full-year sales of $23.25 billion for the current fiscal year, with estimates ranging from $22.43 billion to $23.81 billion. For the next year, analysts forecast that the company will report sales of $27.03 billion, with estimates ranging from $25.40 billion to $28.55 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Visa.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 28th. The credit-card processor reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Visa had a return on equity of 40.65% and a net margin of 51.37%.

Several equities analysts recently issued reports on V shares. Bank of America boosted their price objective on Visa from $227.00 to $234.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Wells Fargo & Company boosted their price objective on Visa from $210.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday. Oppenheimer reaffirmed a “buy” rating and set a $212.00 price target (down previously from $233.00) on shares of Visa in a research report on Thursday, October 29th. BMO Capital Markets reduced their price target on Visa from $210.00 to $204.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. Finally, Piper Sandler reduced their price target on Visa from $206.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, October 29th. Six analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $217.14.

Shares of V opened at $203.88 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a 50 day simple moving average of $200.14 and a 200 day simple moving average of $197.12. Visa has a 52-week low of $133.93 and a 52-week high of $217.65. The firm has a market capitalization of $396.01 billion, a PE ratio of 38.83, a P/E/G ratio of 2.59 and a beta of 0.91.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.30. Visa’s dividend payout ratio is 23.53%.

In other news, insider Rajat Taneja sold 45,036 shares of Visa stock in a transaction on Friday, August 28th. The stock was sold at an average price of $214.00, for a total transaction of $9,637,704.00. Following the completion of the sale, the insider now owns 230,851 shares of the company’s stock, valued at $49,402,114. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $200.82, for a total transaction of $1,405,740.00. Following the completion of the sale, the chief executive officer now directly owns 124,090 shares of the company’s stock, valued at approximately $24,919,753.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,072 shares of company stock worth $23,627,774. 0.19% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of V. Great West Life Assurance Co. Can boosted its holdings in Visa by 290.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,106,202 shares of the credit-card processor’s stock valued at $345,975,000 after purchasing an additional 5,288,239 shares during the period. Nordea Investment Management AB boosted its holdings in Visa by 136.6% in the 2nd quarter. Nordea Investment Management AB now owns 7,031,720 shares of the credit-card processor’s stock valued at $1,344,816,000 after purchasing an additional 4,059,677 shares during the period. TCI Fund Management Ltd. boosted its holdings in Visa by 25.3% in the 3rd quarter. TCI Fund Management Ltd. now owns 14,057,890 shares of the credit-card processor’s stock valued at $2,811,156,000 after purchasing an additional 2,842,505 shares during the period. BlackRock Inc. boosted its holdings in Visa by 2.3% in the 2nd quarter. BlackRock Inc. now owns 126,278,384 shares of the credit-card processor’s stock valued at $24,393,195,000 after purchasing an additional 2,819,598 shares during the period. Finally, Egerton Capital UK LLP bought a new stake in Visa in the 3rd quarter valued at about $422,799,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for Visa (NYSE:V)

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