Visa (NYSE:V) – Investment analysts at Jefferies Group raised their Q2 2018 earnings per share estimates for Visa in a report issued on Tuesday, April 17th. Jefferies Group analyst R. El-Assal now anticipates that the credit-card processor will post earnings of $1.03 per share for the quarter, up from their prior estimate of $1.00. Jefferies Group also issued estimates for Visa’s Q3 2018 earnings at $1.11 EPS, Q4 2018 earnings at $1.22 EPS and FY2018 earnings at $4.44 EPS.
V has been the topic of several other research reports. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Credit Suisse Group set a $129.00 price target on shares of Visa and gave the stock a “buy” rating in a research report on Monday, January 8th. Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $121.05 price target on the stock. in a research report on Monday, January 8th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $141.00 price target on shares of Visa in a research report on Friday, December 22nd. Finally, Cowen reissued a “buy” rating and set a $129.00 price target on shares of Visa in a research report on Friday, January 12th. Two equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $135.19.
Shares of V opened at $124.48 on Thursday. The stock has a market cap of $251,138.25, a PE ratio of 35.77, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99. Visa has a 1 year low of $89.60 and a 1 year high of $126.88. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.07 and a current ratio of 2.07.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.10. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Visa had a net margin of 38.12% and a return on equity of 32.97%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the company. Chemical Bank grew its position in Visa by 12.2% in the 4th quarter. Chemical Bank now owns 26,253 shares of the credit-card processor’s stock valued at $2,993,000 after buying an additional 2,851 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Visa by 24.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 284,196 shares of the credit-card processor’s stock valued at $32,404,000 after buying an additional 55,137 shares during the last quarter. Certified Advisory Corp purchased a new position in Visa in the 4th quarter valued at $465,000. Ackerman Capital Advisors LLC purchased a new position in Visa in the 4th quarter valued at $461,000. Finally, Wagner Wealth Management LLC purchased a new position in Visa in the 4th quarter valued at $253,000. Institutional investors and hedge funds own 81.53% of the company’s stock.
In other news, EVP Lynne Biggar sold 1,712 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $120.00, for a total transaction of $205,440.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.
Visa declared that its board has authorized a share repurchase plan on Thursday, February 1st that permits the company to repurchase $7.50 billion in outstanding shares. This repurchase authorization permits the credit-card processor to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Friday, May 18th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.67%. Visa’s payout ratio is currently 24.14%.
Visa Company Profile
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.
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