Jefferies Group Comments on Visa Inc.’s FY2019 Earnings (V)

Visa Inc. (NYSE:V) – Jefferies Group raised their FY2019 earnings per share (EPS) estimates for Visa in a research report issued to clients and investors on Wednesday. Jefferies Group analyst R. El-Assal now expects that the credit-card processor will post earnings per share of $4.74 for the year, up from their previous estimate of $4.72. Jefferies Group currently has a “Buy” rating and a $127.00 price target on the stock.

Several other research firms have also issued reports on V. Cantor Fitzgerald reissued a “buy” rating and issued a $120.00 price target on shares of Visa in a research report on Wednesday, October 25th. UBS AG reissued an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. BidaskClub raised shares of Visa from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Wells Fargo & Company raised shares of Visa from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $107.01 to $120.00 in a research report on Tuesday, October 10th. Three analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $116.08.

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Visa (V) opened at $109.82 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.65. The firm has a market cap of $227,986.31, a PE ratio of 31.56, a price-to-earnings-growth ratio of 1.61 and a beta of 0.97. Visa has a 52 week low of $75.17 and a 52 week high of $112.90.

Visa (NYSE:V) last released its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.78 annualized dividend and a yield of 0.71%. This is a boost from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio is presently 27.86%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Welch Investments LLC bought a new position in Visa in the 3rd quarter worth $101,000. Cordasco Financial Network bought a new position in Visa in the 3rd quarter worth $105,000. Motco raised its holdings in Visa by 25.1% in the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after purchasing an additional 236 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new position in Visa in the 3rd quarter worth $110,000. Finally, BDO Wealth Advisors LLC bought a new position in Visa in the 2nd quarter worth $115,000. 82.46% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Visa (NYSE:V)

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