Visa Inc. Forecasted to Earn Q3 2024 Earnings of $2.43 Per Share (NYSE:V)

Visa Inc. (NYSE:V) – Investment analysts at Seaport Res Ptn decreased their Q3 2024 earnings per share estimates for shares of Visa in a research note issued to investors on Tuesday, April 23rd. Seaport Res Ptn analyst J. Cantwell now anticipates that the credit-card processor will earn $2.43 per share for the quarter, down from their previous estimate of $2.50. The consensus estimate for Visa’s current full-year earnings is $9.88 per share. Seaport Res Ptn also issued estimates for Visa’s Q1 2025 earnings at $2.57 EPS, Q2 2025 earnings at $2.73 EPS, Q3 2025 earnings at $2.84 EPS and Q4 2025 earnings at $2.97 EPS.

Several other analysts also recently weighed in on V. Citigroup raised their target price on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company increased their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Robert W. Baird increased their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Oppenheimer raised their target price on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, KeyCorp raised their target price on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Visa Stock Up 0.3 %

Shares of Visa stock opened at $275.04 on Thursday. The business has a 50-day moving average of $279.44 and a 200-day moving average of $263.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $505.11 billion, a PE ratio of 30.73, a P/E/G ratio of 1.89 and a beta of 0.96. Visa has a 1-year low of $216.14 and a 1-year high of $290.96.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.72% and a net margin of 53.87%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $2.09 earnings per share.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio (DPR) is 23.24%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,965 shares of company stock worth $5,256,352. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Visa

Several institutional investors and hedge funds have recently added to or reduced their stakes in V. Westend Capital Management LLC acquired a new stake in shares of Visa during the 1st quarter valued at $25,000. Livelsberger Financial Advisory bought a new position in shares of Visa during the 4th quarter worth about $25,000. Altshuler Shaham Ltd bought a new stake in shares of Visa in the third quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the fourth quarter valued at about $32,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $33,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.