Analysts Expect Visa Inc. (NYSE:V) Will Announce Quarterly Sales of $7.05 Billion

Analysts expect Visa Inc. (NYSE:VGet Rating) to report sales of $7.05 billion for the current fiscal quarter, according to Zacks. Thirteen analysts have made estimates for Visa’s earnings. The lowest sales estimate is $6.89 billion and the highest is $7.29 billion. Visa reported sales of $6.13 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 15%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Visa will report full-year sales of $28.60 billion for the current year, with estimates ranging from $27.93 billion to $29.13 billion. For the next year, analysts forecast that the business will post sales of $32.26 billion, with estimates ranging from $30.31 billion to $33.27 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Visa.

Visa (NYSE:VGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. Visa had a return on equity of 42.89% and a net margin of 51.10%. The company had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the business posted $1.38 earnings per share. The firm’s revenue was up 25.5% compared to the same quarter last year.

A number of brokerages have recently issued reports on V. Wedbush raised their price objective on Visa from $240.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 28th. Morgan Stanley lifted their target price on shares of Visa from $279.00 to $284.00 in a report on Wednesday, April 27th. Robert W. Baird decreased their price objective on shares of Visa from $305.00 to $290.00 in a report on Friday, January 28th. Credit Suisse Group boosted their price objective on shares of Visa from $260.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, April 27th. Finally, raised shares of Visa to a “buy” rating in a research report on Wednesday, February 9th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $265.24.

NYSE V traded up $5.26 during trading hours on Monday, reaching $199.23. 6,684,482 shares of the stock traded hands, compared to its average volume of 7,992,791. The stock has a 50 day simple moving average of $211.67 and a two-hundred day simple moving average of $212.88. Visa has a 1 year low of $186.67 and a 1 year high of $252.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $378.79 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $1.50 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is 23.58%.

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $216.00, for a total transaction of $1,944,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert W. Matschullat sold 1,114 shares of the business’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $210.94, for a total transaction of $234,987.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,047 shares of company stock worth $9,030,622. Company insiders own 0.21% of the company’s stock.

Hedge funds have recently modified their holdings of the business. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of Visa in the 3rd quarter valued at approximately $26,000. Outfitter Financial LLC purchased a new stake in Visa in the 4th quarter valued at $27,000. Cranbrook Wealth Management LLC raised its position in Visa by 236.8% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 128 shares of the credit-card processor’s stock valued at $29,000 after purchasing an additional 90 shares during the last quarter. Blue Bell Private Wealth Management LLC purchased a new position in Visa during the 4th quarter worth $32,000. Finally, Joseph Group Capital Management purchased a new position in Visa during the 4th quarter worth $1,429,000. 80.77% of the stock is currently owned by institutional investors.

Visa Company Profile (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction 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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