Zacks: Brokerages Expect Visa Inc (NYSE:V) Will Post Earnings of $1.00 Per Share

Wall Street analysts expect Visa Inc (NYSE:V) to post earnings per share (EPS) of $1.00 for the current quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Visa’s earnings. The lowest EPS estimate is $0.94 and the highest is $1.09. Visa reported earnings of $1.37 per share in the same quarter last year, which would indicate a negative year over year growth rate of 27%. The firm is expected to report its next earnings report on Tuesday, July 28th.

On average, analysts expect that Visa will report full-year earnings of $4.99 per share for the current year, with EPS estimates ranging from $4.61 to $5.46. For the next financial year, analysts anticipate that the business will report earnings of $5.74 per share, with EPS estimates ranging from $4.83 to $6.56. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Visa.

Visa (NYSE:V) last announced its earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.04. Visa had a return on equity of 43.45% and a net margin of 52.26%. The company had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same period last year, the company posted $1.31 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year.

V has been the subject of a number of research reports. Barclays lowered their price objective on Visa from $230.00 to $209.00 and set an “overweight” rating for the company in a research report on Thursday, March 26th. SunTrust Banks lifted their price objective on Visa from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Royal Bank of Canada lifted their price objective on Visa from $195.00 to $212.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. KeyCorp lowered their price objective on Visa from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, March 23rd. Finally, Wedbush lifted their price objective on Visa from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Five analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $202.75.

Shares of NYSE:V traded up $0.24 during midday trading on Monday, reaching $190.86. The company’s stock had a trading volume of 5,581,642 shares, compared to its average volume of 9,964,502. The business’s fifty day simple moving average is $173.48 and its 200-day simple moving average is $183.49. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $370.47 billion, a P/E ratio of 34.39, a P/E/G ratio of 3.03 and a beta of 0.92. Visa has a fifty-two week low of $133.93 and a fifty-two week high of $214.17.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Wednesday, May 13th. Visa’s dividend payout ratio (DPR) is presently 22.06%.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $161.40, for a total transaction of $1,129,800.00. Following the transaction, the chief executive officer now owns 142,090 shares in the company, valued at approximately $22,933,326. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 21,000 shares of company stock worth $3,620,540 in the last quarter. 0.19% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in V. Norges Bank bought a new stake in Visa in the 4th quarter valued at approximately $3,303,463,000. Advisor Group Holdings Inc. bought a new stake in Visa in the 1st quarter valued at approximately $102,656,000. Lone Pine Capital LLC bought a new stake in Visa in the 1st quarter valued at approximately $536,526,000. Invesco Ltd. lifted its stake in Visa by 17.4% in the 1st quarter. Invesco Ltd. now owns 9,034,998 shares of the credit-card processor’s stock valued at $1,455,717,000 after acquiring an additional 1,335,945 shares in the last quarter. Finally, M&G Investment Management Ltd. bought a new stake in Visa in the 4th quarter valued at approximately $235,333,000. Institutional investors and hedge funds own 81.88% of the company’s stock.

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.

See Also: What is the FTSE 100 index?

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.