Visa Inc (NYSE:V) – Equities researchers at Piper Jaffray Companies issued their FY2021 earnings per share (EPS) estimates for Visa in a research report issued on Wednesday, October 10th. Piper Jaffray Companies analyst J. Deleeuw expects that the credit-card processor will post earnings of $7.10 per share for the year.
Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.11. Visa had a net margin of 47.91% and a return on equity of 36.09%. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.09 billion. During the same period last year, the firm posted $0.86 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis.
A number of other analysts have also recently weighed in on V. Buckingham Research increased their price objective on shares of Visa from $152.00 to $169.00 and gave the stock a “buy” rating in a report on Tuesday, June 26th. Wells Fargo & Co increased their price objective on shares of Visa from $143.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, July 12th. Oppenheimer increased their price objective on shares of Visa from $143.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, July 17th. Wolfe Research started coverage on shares of Visa in a report on Tuesday, July 17th. They issued an “outperform” rating on the stock. Finally, Bank of America increased their price objective on shares of Visa from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, July 17th. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $153.97.
Visa stock opened at $140.06 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.69. Visa has a 1 year low of $106.60 and a 1 year high of $151.56. The stock has a market capitalization of $305.32 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06.
Institutional investors have recently added to or reduced their stakes in the business. Fundsmith Equity Fund L.P. acquired a new position in shares of Visa in the 2nd quarter worth approximately $757,597,000. Bank of Montreal Can acquired a new position in shares of Visa in the 2nd quarter worth approximately $727,019,000. Vontobel Asset Management Inc. acquired a new position in shares of Visa in the 2nd quarter worth approximately $471,495,000. FMR LLC grew its stake in shares of Visa by 2.9% in the 2nd quarter. FMR LLC now owns 85,466,413 shares of the credit-card processor’s stock worth $11,320,026,000 after purchasing an additional 2,398,540 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. acquired a new position in shares of Visa in the 2nd quarter worth approximately $268,605,000. 80.18% of the stock is currently owned by hedge funds and other institutional investors.
In other Visa news, CFO Vasant M. Prabhu sold 25,064 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $140.56, for a total transaction of $3,522,995.84. Following the transaction, the chief financial officer now owns 58,232 shares of the company’s stock, valued at approximately $8,185,089.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP James H. Hoffmeister sold 6,912 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $140.01, for a total transaction of $967,749.12. Following the transaction, the senior vice president now directly owns 6,912 shares in the company, valued at approximately $967,749.12. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.
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.
Further Reading: Penny Stocks, What You Need To Know
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.