Visa (NYSE:V – Get Rating) will be announcing its earnings results after the market closes on Tuesday, April 25th. Analysts expect the company to announce earnings of $1.97 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Visa (NYSE:V – Get Rating) last posted its earnings results on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.17. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.70 billion. Visa had a return on equity of 49.95% and a net margin of 50.28%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.81 earnings per share. On average, analysts expect Visa to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Visa Stock Performance
Shares of NYSE:V opened at $233.48 on Tuesday. The stock has a market capitalization of $439.18 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 1.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44. The company’s 50 day simple moving average is $223.73 and its 200 day simple moving average is $212.82. Visa has a 1 year low of $174.60 and a 1 year high of $234.99.
Visa Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from Visa’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, February 9th. Visa’s dividend payout ratio is presently 25.17%.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Credit Suisse Group increased their price objective on shares of Visa from $245.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, January 27th. Robert W. Baird raised their price objective on Visa from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, January 19th. Truist Financial increased their price target on shares of Visa from $235.00 to $260.00 in a research report on Friday, January 20th. Jefferies Financial Group raised their price objective on Visa from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 18th. Finally, Oppenheimer upped their target price on shares of Visa from $210.00 to $237.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.30.
Insider Activity
In related news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $223.99, for a total value of $12,991,420.00. Following the completion of the sale, the chairman now directly owns 162,354 shares in the company, valued at $36,365,672.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Visa news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $223.99, for a total value of $12,991,420.00. Following the completion of the transaction, the chairman now owns 162,354 shares of the company’s stock, valued at approximately $36,365,672.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Rajat Taneja sold 61,721 shares of the business’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $229.92, for a total transaction of $14,190,892.32. Following the completion of the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $53,367,191.04. The disclosure for this sale can be found here. Insiders sold 133,115 shares of company stock worth $30,115,598 over the last quarter. Corporate insiders own 0.22% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. TFB Advisors LLC bought a new position in shares of Visa in the 4th quarter valued at about $366,000. Worth Asset Management LLC bought a new position in Visa during the 1st quarter worth $363,000. Barnes Pettey Financial Advisors LLC acquired a new stake in Visa during the fourth quarter worth about $362,000. Mosaic Family Wealth Partners LLC bought a new stake in Visa during the fourth quarter worth $308,000. Finally, qPULA Trading Management LP acquired a new position in Visa during the first quarter worth about $283,000. Institutional investors and hedge funds own 81.87% of the company’s stock.
About Visa
Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).