Visa (NYSE:V) Announces Earnings Results, Beats Expectations By $0.08 EPS

Visa (NYSE:V) announced its earnings results on Tuesday. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08, Briefing.com reports. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the firm posted $2.09 EPS. The business’s revenue was up 9.9% compared to the same quarter last year.

Visa Trading Up 0.8 %

Shares of V traded up $2.25 during mid-day trading on Wednesday, hitting $276.36. 4,026,682 shares of the company’s stock traded hands, compared to its average volume of 5,851,841. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa has a 1 year low of $216.14 and a 1 year high of $290.96. The firm has a market capitalization of $507.54 billion, a P/E ratio of 31.86, a PEG ratio of 1.88 and a beta of 0.96. The business’s 50-day moving average price is $279.49 and its 200-day moving average price is $263.90.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,965 shares of company stock valued at $5,256,352. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Raymond James raised their target price on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Wednesday. KeyCorp raised their target price on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Finally, Evercore ISI raised their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $302.43.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.