Visa Inc (NYSE:V) posted its quarterly earnings data on Thursday. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.07. Visa had a return on equity of 26.48% and a net margin of 38.30%. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous year, the firm posted $0.68 EPS. Visa’s revenue was up 23.5% compared to the same quarter last year.
Shares of Visa (NYSE:V) opened at 91.15 on Friday. Visa has a 12 month low of $73.25 and a 12 month high of $92.05. The firm has a 50-day moving average price of $89.22 and a 200-day moving average price of $83.76. The stock has a market cap of $211.84 billion, a price-to-earnings ratio of 35.33 and a beta of 1.00. Visa also was the target of some unusual options trading activity on Thursday. Stock traders acquired 44,268 put options on the company. This is an increase of 625% compared to the average daily volume of 6,107 put options.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Friday, May 19th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Wednesday, May 17th. Visa’s payout ratio is 26.09%.
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In related news, EVP William M. Sheedy sold 125,372 shares of the firm’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $85.74, for a total transaction of $10,749,395.28. Following the completion of the sale, the executive vice president now directly owns 365,769 shares of the company’s stock, valued at approximately $31,361,034.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP James H. Hoffmeister sold 11,139 shares of the firm’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $85.95, for a total transaction of $957,397.05. Following the sale, the senior vice president now directly owns 6,390 shares of the company’s stock, valued at $549,220.50. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.
Several research firms recently issued reports on V. Piper Jaffray Companies reiterated a “neutral” rating and issued a $45.00 price objective on shares of Visa in a report on Friday, April 14th. Credit Suisse Group AG reiterated a “hold” rating on shares of Visa in a report on Wednesday, March 29th. Cowen and Company reiterated an “outperform” rating and issued a $100.00 price objective on shares of Visa in a report on Monday, March 27th. Jefferies Group LLC set a $96.00 price objective on Visa and gave the stock a “buy” rating in a report on Saturday, March 25th. Finally, Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $93.85 price objective on the stock in a report on Monday, March 20th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Visa currently has an average rating of “Buy” and a consensus target price of $92.91.
Visa Company Profile
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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