Visa (V) Expected to Announce Quarterly Sales of $4.77 Billion

Analysts expect that Visa (NYSE:V) will post $4.77 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Visa’s earnings, with the lowest sales estimate coming in at $4.61 billion and the highest estimate coming in at $4.88 billion. Visa posted sales of $4.48 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The business is scheduled to issue its next earnings report on Thursday, April 19th.

On average, analysts expect that Visa will report full-year sales of $4.77 billion for the current financial year, with estimates ranging from $19.96 billion to $20.33 billion. For the next financial year, analysts forecast that the company will report sales of $22.33 billion per share, with estimates ranging from $21.99 billion to $22.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Visa.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, topping the consensus estimate of $0.98 by $0.10. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.82 billion. Visa had a return on equity of 32.97% and a net margin of 38.12%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share.

A number of brokerages recently commented on V. Cantor Fitzgerald increased their price target on Visa to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Vetr downgraded Visa from a “buy” rating to a “hold” rating and set a $121.05 price target for the company. in a research report on Monday, January 8th. Cowen reaffirmed a “buy” rating and set a $129.00 price target on shares of Visa in a research report on Friday, January 12th. Loop Capital increased their price target on Visa to $142.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Morgan Stanley increased their price target on Visa from $137.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $135.21.

Shares of Visa stock traded down $0.90 on Friday, hitting $118.72. The company had a trading volume of 554,528 shares, compared to its average volume of 8,429,956. The company has a market cap of $246,481.45, a PE ratio of 34.37, a price-to-earnings-growth ratio of 1.57 and a beta of 0.98. Visa has a 1 year low of $88.13 and a 1 year high of $126.88. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.60.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Friday, February 16th were issued a $0.21 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Thursday, February 15th. Visa’s dividend payout ratio (DPR) is presently 24.14%.

Visa announced that its board has initiated a stock buyback plan on Thursday, February 1st that allows the company to buyback $7.50 billion in shares. This buyback authorization allows the credit-card processor to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

In related news, EVP Lynne Biggar sold 1,712 shares of Visa stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total transaction of $205,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Janus Henderson Group PLC increased its holdings in shares of Visa by 159.7% in the second quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock worth $909,979,000 after buying an additional 5,966,991 shares during the period. BlackRock Inc. increased its holdings in shares of Visa by 2.5% in the fourth quarter. BlackRock Inc. now owns 120,243,230 shares of the credit-card processor’s stock worth $13,710,132,000 after buying an additional 2,986,301 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Visa by 730.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,992,638 shares of the credit-card processor’s stock worth $341,221,000 after buying an additional 2,632,338 shares during the period. Vanguard Group Inc. increased its holdings in shares of Visa by 2.1% in the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after buying an additional 2,628,148 shares during the period. Finally, Capital Research Global Investors increased its holdings in shares of Visa by 20.3% in the second quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after buying an additional 1,919,732 shares during the period. 81.52% of the stock is owned by institutional investors.

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About Visa

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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