Brokerages Expect Visa Inc. (V) Will Post Quarterly Sales of $4.80 Billion
Equities analysts expect Visa Inc. (NYSE:V) to announce sales of $4.80 billion for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for Visa’s earnings, with the lowest sales estimate coming in at $4.67 billion and the highest estimate coming in at $4.91 billion. Visa reported sales of $4.46 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 7.6%. The business is scheduled to announce its next earnings report on Thursday, February 1st.
According to Zacks, analysts expect that Visa will report full-year sales of $4.80 billion for the current year, with estimates ranging from $19.77 billion to $20.23 billion. For the next year, analysts expect that the business will report sales of $22.17 billion per share, with estimates ranging from $21.83 billion to $22.53 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Visa.
Visa (NYSE:V) last announced its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the previous year, the business earned $0.78 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis.
V has been the topic of several research analyst reports. Vetr downgraded Visa from a “buy” rating to a “hold” rating and set a $100.12 target price on the stock. in a research note on Monday, July 17th. Jefferies Group LLC boosted their target price on Visa from $104.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. boosted their target price on Visa from $100.00 to $106.00 in a research note on Tuesday, July 18th. Loop Capital boosted their target price on Visa from $101.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Finally, Instinet boosted their target price on Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Three investment 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. Visa has a consensus rating of “Buy” and a consensus target price of $116.08.
In other Visa news, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of V. First National Bank of Hutchinson grew its position in shares of Visa by 0.9% in the first quarter. First National Bank of Hutchinson now owns 9,611 shares of the credit-card processor’s stock valued at $854,000 after purchasing an additional 88 shares in the last quarter. Cantillon Capital Management LLC grew its position in shares of Visa by 14.8% in the first quarter. Cantillon Capital Management LLC now owns 3,484,497 shares of the credit-card processor’s stock valued at $309,667,000 after purchasing an additional 450,069 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Visa by 0.5% in the first quarter. Sequoia Financial Advisors LLC now owns 5,994 shares of the credit-card processor’s stock valued at $533,000 after purchasing an additional 27 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its position in shares of Visa by 13.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 419,479 shares of the credit-card processor’s stock valued at $37,279,000 after purchasing an additional 50,023 shares in the last quarter. Finally, C WorldWide Group Holding A S grew its position in shares of Visa by 10.2% in the first quarter. C WorldWide Group Holding A S now owns 8,379,106 shares of the credit-card processor’s stock valued at $744,651,000 after purchasing an additional 773,707 shares in the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.
Visa (NYSE V) opened at $111.88 on Friday. Visa has a one year low of $75.17 and a one year high of $112.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.65 and a current ratio of 1.90. The firm has a market capitalization of $232,262.88, a price-to-earnings ratio of 32.15, a P/E/G ratio of 1.64 and a beta of 0.97.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.195 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.70%. This is a boost from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio is presently 23.57%.
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.
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