Visa Inc. Expected to Earn FY2024 Earnings of $9.90 Per Share (NYSE:V)

Visa Inc. (NYSE:V) – Investment analysts at Seaport Res Ptn dropped their FY2024 earnings per share estimates for 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 $9.90 per share for the year, down from their previous forecast of $9.95. The consensus estimate for Visa’s current full-year earnings is $9.89 per share. Seaport Res Ptn also issued estimates for Visa’s Q4 2024 earnings at $2.55 EPS.

Other research analysts have also recently issued reports about the company. UBS Group raised their target price on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday. William Blair reissued an “outperform” rating on shares of Visa in a research report on Wednesday. KeyCorp raised their target price on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Susquehanna raised their target price on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Finally, Robert W. Baird raised their target price on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $302.58.

Visa Trading Up 0.1 %

NYSE V opened at $275.16 on Friday. Visa has a 12 month low of $216.14 and a 12 month high of $290.96. The stock has a market cap of $505.33 billion, a P/E ratio of 30.74, a P/E/G ratio of 1.90 and a beta of 0.96. The stock’s fifty day moving average price is $279.32 and its 200-day moving average price is $264.05. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates 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 51.23% and a net margin of 53.87%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 earnings per share.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio is 23.24%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated 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 owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the 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 completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock valued at $5,256,352 in the last quarter. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Trifecta Capital Advisors LLC grew its position in Visa by 2.7% in the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after acquiring an additional 536 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of Visa by 54.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 5,621 shares of the credit-card processor’s stock worth $1,293,000 after purchasing an additional 1,970 shares during the last quarter. Bellecapital International Ltd. grew its holdings in shares of Visa by 74.1% during the third quarter. Bellecapital International Ltd. now owns 2,917 shares of the credit-card processor’s stock worth $671,000 after purchasing an additional 1,242 shares during the last quarter. Founders Financial Securities LLC grew its holdings in shares of Visa by 5.7% during the third quarter. Founders Financial Securities LLC now owns 11,948 shares of the credit-card processor’s stock worth $2,748,000 after purchasing an additional 649 shares during the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. grew its holdings in shares of Visa by 9.2% during the third quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 2,568 shares of the credit-card processor’s stock worth $591,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

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.