Piper Jaffray Companies Weighs in on Visa Inc’s Q1 2020 Earnings (V)

Visa Inc (NYSE:V) – Equities research analysts at Piper Jaffray Companies issued their Q1 2020 earnings estimates for shares of Visa in a report issued on Wednesday, October 24th. Piper Jaffray Companies analyst J. Deleeuw expects that the credit-card processor will post earnings per share of $1.41 for the quarter. Piper Jaffray Companies also issued estimates for Visa’s Q2 2020 earnings at $1.46 EPS, Q3 2020 earnings at $1.60 EPS and Q4 2020 earnings at $1.68 EPS.

Visa (NYSE:V) last released its earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Visa had a net margin of 49.98% and a return on equity of 38.00%.

V has been the subject of several other reports. Credit Suisse Group lifted their target price on shares of Visa from $150.00 to $164.00 and gave the stock an “outperform” rating in a research note on Monday, October 8th. KeyCorp lifted their target price on shares of Visa from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $166.00 target price on shares of Visa in a research note on Thursday, October 25th. Finally, Bank of America boosted their price objective on shares of Visa from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, July 17th. Two investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $154.61.

V stock opened at $134.33 on Monday. The company has a market capitalization of $280.20 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.49 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.69. Visa has a one year low of $106.60 and a one year high of $151.56.

A number of hedge funds have recently modified their holdings of the business. Fort L.P. acquired a new stake in shares of Visa in the 2nd quarter valued at about $120,000. Cascade Investment Advisors Inc. acquired a new stake in shares of Visa in the 2nd quarter valued at about $132,000. Bridgeworth LLC acquired a new stake in shares of Visa in the 2nd quarter valued at about $143,000. Ruggie Capital Group acquired a new stake in shares of Visa in the 2nd quarter valued at about $164,000. Finally, O Dell Group LLC acquired a new stake in shares of Visa in the 3rd quarter valued at about $200,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

In other Visa news, CFO Vasant M. Prabhu sold 25,064 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $140.56, for a total value of $3,522,995.84. Following the transaction, the chief financial officer now owns 58,232 shares in the company, valued at approximately $8,185,089.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James H. Hoffmeister sold 6,912 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $140.01, for a total transaction of $967,749.12. Following the completion of the transaction, the senior vice president now owns 6,912 shares in the company, valued at approximately $967,749.12. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Friday, November 16th will be issued a dividend of $0.25 per share. This is a positive change from Visa’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. Visa’s payout ratio is presently 18.22%.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Earnings History and Estimates for Visa (NYSE:V)

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