$1.43 Earnings Per Share Expected for Visa Inc (NYSE:V) This Quarter

Equities analysts expect that Visa Inc (NYSE:V) will announce $1.43 earnings per share for the current quarter, according to Zacks. Twelve analysts have issued estimates for Visa’s earnings. The highest EPS estimate is $1.48 and the lowest is $1.39. Visa reported earnings of $1.21 per share in the same quarter last year, which suggests a positive year over year growth rate of 18.2%. The firm is scheduled to issue its next earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that Visa will report full year earnings of $5.40 per share for the current fiscal year, with EPS estimates ranging from $5.34 to $5.46. For the next fiscal year, analysts expect that the company will post earnings of $6.24 per share, with EPS estimates ranging from $6.11 to $6.35. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Visa.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.04. Visa had a return on equity of 41.04% and a net margin of 53.43%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the previous year, the firm posted $1.20 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year.

V has been the subject of several recent analyst reports. Barclays lifted their target price on shares of Visa from $181.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. lifted their target price on shares of Visa from $166.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Deutsche Bank lifted their target price on shares of Visa from $177.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. SunTrust Banks lifted their target price on shares of Visa to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Bank of America lifted their target price on shares of Visa from $177.00 to $192.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $195.46.

Shares of Visa stock traded up $1.96 during trading on Friday, hitting $178.23. 8,179,400 shares of the company were exchanged, compared to its average volume of 7,288,542. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. Visa has a fifty-two week low of $121.60 and a fifty-two week high of $184.07. The stock has a market capitalization of $344.23 billion, a price-to-earnings ratio of 38.66, a P/E/G ratio of 1.94 and a beta of 0.96. The firm has a 50 day moving average price of $178.23 and a 200 day moving average price of $162.51.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. Visa’s dividend payout ratio is presently 21.69%.

In other Visa news, Director Denise M. Morrison bought 1,000 shares of Visa stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of $171.13 per share, for a total transaction of $171,130.00. Following the acquisition, the director now owns 3,223 shares of the company’s stock, valued at approximately $551,551.99. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Lloyd Carney sold 3,500 shares of Visa stock in a transaction on Friday, July 26th. The shares were sold at an average price of $182.73, for a total transaction of $639,555.00. Following the transaction, the director now owns 3,452 shares in the company, valued at approximately $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of V. Laurel Wealth Advisors Inc. raised its stake in shares of Visa by 12.0% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 7,181 shares of the credit-card processor’s stock valued at $1,122,000 after purchasing an additional 767 shares in the last quarter. Doliver Advisors LP raised its stake in shares of Visa by 16.8% in the 2nd quarter. Doliver Advisors LP now owns 14,848 shares of the credit-card processor’s stock valued at $2,577,000 after purchasing an additional 2,134 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Visa by 18.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 406,519 shares of the credit-card processor’s stock valued at $63,494,000 after purchasing an additional 62,736 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Visa by 6.9% in the 4th quarter. Commonwealth Bank of Australia now owns 94,679 shares of the credit-card processor’s stock valued at $12,488,000 after purchasing an additional 6,088 shares in the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of Visa by 0.7% in the 4th quarter. WINTON GROUP Ltd now owns 14,060 shares of the credit-card processor’s stock valued at $1,855,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 81.63% of the company’s stock.

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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