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

Visa (NYSE:V) posted its quarterly earnings results on Tuesday. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08, Briefing.com reports. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year.

Visa Price Performance

Shares of Visa stock traded up $1.35 on Friday, reaching $276.51. 497,202 shares of the stock were exchanged, compared to its average volume of 5,872,375. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. The firm has a market cap of $507.81 billion, a PE ratio of 30.74, a P/E/G ratio of 1.90 and a beta of 0.96. The firm’s 50 day moving average is $279.32 and its 200-day moving average is $264.05. Visa has a one year low of $216.14 and a one year high of $290.96.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is 23.24%.

Insider Buying and Selling at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, 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 a total of 18,965 shares of company stock worth $5,256,352 over the last three months. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on V. Susquehanna boosted their price objective on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Barclays upped their price objective on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Mizuho reiterated a “neutral” rating and set a $265.00 target price on shares of Visa in a report on Wednesday, March 27th. TD Cowen assumed coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target for the company. Finally, Evercore ISI raised their price objective on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $302.58.

Visa Company Profile

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.