Brokerages expect that Visa Inc (NYSE:V) will post $4.81 billion in sales for the current quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Visa’s earnings. The highest sales estimate is $4.91 billion and the lowest is $4.78 billion. Visa posted sales of $4.46 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.8%. The company is expected to issue its next earnings results after the market closes on Thursday, February 1st.
According to Zacks, analysts expect that Visa will report full-year sales of $4.81 billion for the current fiscal year, with estimates ranging from $19.94 billion to $20.27 billion. For the next year, analysts anticipate that the firm will report sales of $22.19 billion per share, with estimates ranging from $21.83 billion to $22.53 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Visa.
A number of research firms have weighed in on V. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Thursday. Oppenheimer upped their price objective on shares of Visa from $125.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley upped their price objective on shares of Visa from $126.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday. DZ Bank reissued a “hold” rating on shares of Visa in a research report on Wednesday. Finally, Cowen reissued a “buy” rating and issued a $129.00 price objective on shares of Visa in a research report on Friday, January 12th. Four research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Visa presently has an average rating of “Buy” and a consensus target price of $124.13.
In related news, EVP Tullier Kelly Mahon sold 49,702 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the sale, the executive vice president now owns 76,202 shares in the company, valued at $8,661,119.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP James H. Hoffmeister sold 2,146 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the sale, the senior vice president now owns 687 shares in the company, valued at approximately $77,005.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,068 shares of company stock worth $6,597,262. Company insiders own 0.14% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in V. Capital Investment Advisors LLC raised its stake in Visa by 0.5% during the second quarter. Capital Investment Advisors LLC now owns 20,718 shares of the credit-card processor’s stock worth $1,943,000 after acquiring an additional 107 shares during the period. Fulton Bank N.A. increased its stake in shares of Visa by 1.6% in the second quarter. Fulton Bank N.A. now owns 47,089 shares of the credit-card processor’s stock valued at $4,416,000 after purchasing an additional 751 shares during the period. Johanson Financial Advisors Inc. increased its stake in shares of Visa by 0.8% in the second quarter. Johanson Financial Advisors Inc. now owns 27,874 shares of the credit-card processor’s stock valued at $2,614,000 after purchasing an additional 222 shares during the period. Confluence Investment Management LLC increased its stake in shares of Visa by 3.0% in the second quarter. Confluence Investment Management LLC now owns 7,095 shares of the credit-card processor’s stock valued at $665,000 after purchasing an additional 209 shares during the period. Finally, CenturyLink Investment Management Co increased its stake in shares of Visa by 21.9% in the second quarter. CenturyLink Investment Management Co now owns 9,558 shares of the credit-card processor’s stock valued at $896,000 after purchasing an additional 1,720 shares during the period. Hedge funds and other institutional investors own 81.58% of the company’s stock.
Visa (V) traded up $1.10 during trading hours on Friday, reaching $126.32. 5,577,563 shares of the company’s stock were exchanged, compared to its average volume of 7,510,000. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. The stock has a market cap of $286,270.00, a PE ratio of 45.11, a P/E/G ratio of 1.81 and a beta of 0.99. Visa has a one year low of $81.57 and a one year high of $126.38.
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Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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