Visa Inc. Forecasted to Earn Q3 2024 Earnings of $2.43 Per Share (NYSE:V)

Visa Inc. (NYSE:V) – Equities research analysts at Seaport Res Ptn decreased their Q3 2024 earnings per share estimates for shares of Visa in a note issued to investors on Tuesday, April 23rd. Seaport Res Ptn analyst J. Cantwell now expects that the credit-card processor will post earnings of $2.43 per share for the quarter, down from their previous estimate of $2.50. The consensus estimate for Visa’s current full-year earnings is $9.88 per share. Seaport Res Ptn also issued estimates for Visa’s Q1 2025 earnings at $2.57 EPS, Q2 2025 earnings at $2.73 EPS, Q3 2025 earnings at $2.84 EPS and Q4 2025 earnings at $2.97 EPS.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.72% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the previous year, the business earned $2.09 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis.

V has been the topic of several other research reports. Barclays boosted their price target on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods boosted their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Raymond James boosted their price target on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Oppenheimer boosted their price target on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Wells Fargo & Company upped their target price on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

Visa Stock Up 0.3 %

Shares of V stock opened at $275.04 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The stock’s fifty day moving average price is $279.44 and its 200 day moving average price is $263.97. The company has a market cap of $505.11 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Visa has a 1-year low of $216.14 and a 1-year high of $290.96.

Institutional Investors Weigh In On Visa

Several hedge funds and other institutional investors have recently made changes to their positions in V. MFA Wealth Advisors LLC purchased a new position in Visa in the first quarter worth approximately $3,458,000. Summit Financial LLC grew its position in Visa by 6.4% in the first quarter. Summit Financial LLC now owns 21,839 shares of the credit-card processor’s stock worth $6,095,000 after acquiring an additional 1,312 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Visa by 1.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 376,333 shares of the credit-card processor’s stock worth $105,027,000 after acquiring an additional 6,026 shares during the period. Private Trust Co. NA boosted its position in shares of Visa by 5.1% during the first quarter. Private Trust Co. NA now owns 12,604 shares of the credit-card processor’s stock worth $3,518,000 after buying an additional 607 shares during the period. Finally, Zhang Financial LLC boosted its position in shares of Visa by 9.4% during the first quarter. Zhang Financial LLC now owns 5,458 shares of the credit-card processor’s stock worth $1,523,000 after buying an additional 471 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the 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 completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 18,965 shares of company stock valued at $5,256,352 over the last quarter. 0.19% of the stock is currently owned by insiders.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s payout ratio is currently 23.24%.

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.