Visa (V) Expected to Post Quarterly Sales of $4.78 Billion

Wall Street brokerages predict that Visa (NYSE:V) will report $4.78 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have made estimates for Visa’s earnings, with the highest sales estimate coming in at $4.88 billion and the lowest estimate coming in at $4.61 billion. Visa reported sales of $4.48 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The company is scheduled to report its next earnings results after the market closes on Wednesday, April 25th.

On average, analysts expect that Visa will report full-year sales of $20.15 billion for the current fiscal year, with estimates ranging from $19.96 billion to $20.33 billion. For the next financial year, analysts expect that the company will report sales of $22.33 billion per share, with estimates ranging from $21.99 billion to $22.64 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Visa.

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

A number of equities analysts have commented on V shares. Susquehanna Bancshares lifted their price objective on shares of Visa from $126.00 to $148.00 in a research note on Thursday, December 28th. Wells Fargo reissued an “outperform” rating and issued a $135.00 price objective (up from $127.00) on shares of Visa in a research note on Tuesday, January 9th. Stephens reissued a “buy” rating and issued a $135.00 price objective on shares of Visa in a research note on Wednesday, January 10th. Cowen reissued a “buy” rating and issued a $129.00 price objective on shares of Visa in a research note on Friday, January 12th. Finally, Citigroup reissued a “buy” rating and issued a $136.00 price objective (up from $124.00) on shares of Visa in a research note on Friday, January 12th. Three equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $135.19.

NYSE V traded up $0.24 on Monday, reaching $124.20. The company had a trading volume of 7,475,922 shares, compared to its average volume of 7,639,419. Visa has a 12 month low of $90.98 and a 12 month high of $126.88. The company has a market cap of $255,424.17, a P/E ratio of 35.69, a P/E/G ratio of 1.63 and a beta of 0.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.07 and a current ratio of 2.07.

Visa announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 1st that authorizes the company to buyback $7.50 billion in shares. This buyback authorization authorizes the credit-card processor to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 5th. Investors of record on Friday, May 18th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, May 17th. This represents a $0.84 dividend on an annualized basis and a yield of 0.68%. Visa’s payout ratio is 24.14%.

In related news, EVP Lynne Biggar sold 1,712 shares of Visa stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $120.00, for a total transaction of $205,440.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Beach Point Capital Management LP bought a new stake in shares of Visa in the 3rd quarter valued at about $5,736,000. Calamos Wealth Management LLC raised its stake in shares of Visa by 186.5% during the 3rd quarter. Calamos Wealth Management LLC now owns 68,524 shares of the credit-card processor’s stock worth $7,211,000 after acquiring an additional 44,609 shares in the last quarter. Meyer Handelman Co. raised its stake in shares of Visa by 38.3% during the 3rd quarter. Meyer Handelman Co. now owns 22,124 shares of the credit-card processor’s stock worth $2,329,000 after acquiring an additional 6,124 shares in the last quarter. Ramsay Stattman Vela & Price Inc. raised its stake in shares of Visa by 2.9% during the 3rd quarter. Ramsay Stattman Vela & Price Inc. now owns 35,137 shares of the credit-card processor’s stock worth $3,698,000 after acquiring an additional 985 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. raised its stake in shares of Visa by 5.0% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 192,993 shares of the credit-card processor’s stock worth $20,311,000 after acquiring an additional 9,142 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Visa (V) Expected to Post Quarterly Sales of $4.78 Billion” was first posted by WKRB News and is the property of of WKRB News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.wkrb13.com/2018/04/21/visa-v-expected-to-post-quarterly-sales-of-4-78-billion.html.

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.

Get a free copy of the Zacks research report on Visa (V)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply