Visa Inc. (NYSE:V) to Post FY2024 Earnings of $9.92 Per Share, William Blair Forecasts

Visa Inc. (NYSE:V) – William Blair decreased their FY2024 earnings per share estimates for Visa in a report released on Wednesday, April 24th. William Blair analyst C. Kennedy now anticipates that the credit-card processor will post earnings per share of $9.92 for the year, down from their prior estimate of $9.98. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Visa’s current full-year earnings is $9.89 per share.

Other equities research analysts have also issued research reports about the company. Evercore ISI raised their price objective on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Royal Bank of Canada raised their price objective on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday. KeyCorp raised their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Keefe, Bruyette & Woods lifted their target price on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Citigroup lifted their target price on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $302.58.

Visa Price Performance

Shares of NYSE V opened at $275.16 on Friday. Visa has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The business has a 50 day moving average price of $279.32 and a two-hundred day moving average price of $264.05. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market cap of $505.33 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter last year, the firm earned $2.09 EPS. Visa’s quarterly revenue was up 9.9% on a year-over-year basis.

Hedge Funds Weigh In On Visa

Institutional investors and hedge funds have recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new position in Visa in the 3rd quarter valued at about $25,000. Livelsberger Financial Advisory bought a new position in Visa in the 4th quarter valued at about $25,000. Westend Capital Management LLC bought a new position in Visa in the 1st quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new position in Visa in the 4th quarter valued at about $32,000. Finally, Nalls Sherbakoff Group LLC lifted its position in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is currently owned by insiders.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.