Visa (V) Earning Somewhat Favorable News Coverage, Analysis Finds

News coverage about Visa (NYSE:V) has trended somewhat positive this week, Alpha One reports. The research group, a division of Accern, rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Visa earned a media sentiment score of 0.08 on Alpha One’s scale. Alpha One also gave news headlines about the credit-card processor an impact score of 76 out of 100, meaning that recent press coverage is likely to have an effect on the company’s share price in the next several days.

These are some of the headlines that may have effected Alpha One’s scoring:

Shares of Visa (NYSE:V) opened at 92.48 on Friday. The firm has a market capitalization of $213.30 billion, a price-to-earnings ratio of 46.15 and a beta of 1.00. Visa has a 12-month low of $73.25 and a 12-month high of $93.72. The company’s 50-day moving average is $90.96 and its 200-day moving average is $85.23.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, April 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.07. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.29 billion. Visa had a net margin of 38.30% and a return on equity of 26.48%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. On average, equities analysts forecast that Visa will post $3.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Friday, May 19th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. Visa’s payout ratio is presently 26.09%.

A number of research analysts have recently issued reports on the stock. Vetr lowered shares of Visa from a “buy” rating to a “hold” rating and set a $95.32 price target on the stock. in a research note on Wednesday, May 3rd. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $100.00 target price (up from $95.00) on shares of Visa in a research report on Tuesday, April 25th. CIBC upped their target price on shares of Visa from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Royal Bank of Canada upped their target price on shares of Visa from $97.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, April 21st. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $105.00 price target (up previously from $100.00) on shares of Visa in a report on Sunday, April 23rd. Three investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $95.09.

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In other Visa news, Vice Chairman Ellen Richey sold 31,260 shares of the company’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $91.94, for a total transaction of $2,874,044.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

12 Month Chart for NYSE:V

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