Visa Inc. (NYSE:V) to Post Q1 2021 Earnings of $1.29 Per Share, Wedbush Forecasts


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Visa Inc. (NYSE:V) – Equities research analysts at Wedbush reduced their Q1 2021 earnings per share estimates for shares of Visa in a report issued on Sunday, January 24th. Wedbush analyst M. Katri now expects that the credit-card processor will earn $1.29 per share for the quarter, down from their previous estimate of $1.32. Wedbush currently has a “Buy” rating and a $220.00 target price on the stock. Wedbush also issued estimates for Visa’s Q2 2021 earnings at $1.37 EPS, Q3 2021 earnings at $1.41 EPS, Q4 2021 earnings at $1.51 EPS and FY2021 earnings at $5.58 EPS.

Visa (NYSE:V) last announced its earnings results on Wednesday, October 28th. The credit-card processor reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.03 billion. Visa had a return on equity of 37.22% and a net margin of 49.74%.

A number of other analysts have also commented on V. Credit Suisse Group cut their price objective on shares of Visa from $235.00 to $230.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. BMO Capital Markets cut their price target on shares of Visa from $210.00 to $204.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. Jefferies Financial Group upgraded Visa from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $250.00 in a report on Wednesday, January 13th. Deutsche Bank Aktiengesellschaft upped their target price on Visa from $220.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 14th. Finally, Piper Sandler increased their price target on Visa from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Wednesday, December 2nd. Five investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $221.63.

NYSE:V opened at $194.97 on Tuesday. The company has a market cap of $379.92 billion, a P/E ratio of 39.95, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96. Visa has a twelve month low of $133.93 and a twelve month high of $220.39. The business has a 50 day moving average price of $209.18 and a two-hundred day moving average price of $203.36. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.68.

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $182.53, for a total value of $1,642,770.00. Following the completion of the transaction, the chief executive officer now owns 120,090 shares of the company’s stock, valued at $21,920,027.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO James H. Hoffmeister sold 2,157 shares of the company’s stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $208.87, for a total transaction of $450,532.59. The disclosure for this sale can be found here. Insiders have sold 80,205 shares of company stock worth $17,188,463 over the last ninety days. Insiders own 0.19% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kinloch Capital LLC acquired a new stake in Visa in the fourth quarter valued at about $27,000. FNY Investment Advisers LLC boosted its stake in shares of Visa by 129.1% in the 4th quarter. FNY Investment Advisers LLC now owns 126 shares of the credit-card processor’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Newfound Research LLC acquired a new stake in shares of Visa in the 3rd quarter valued at approximately $31,000. New Capital Management LP bought a new stake in shares of Visa during the 4th quarter valued at approximately $35,000. Finally, Brand Asset Management Group Inc. increased its position in Visa by 52.7% during the 3rd quarter. Brand Asset Management Group Inc. now owns 258 shares of the credit-card processor’s stock worth $52,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 80.50% of the company’s stock.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Earnings History and Estimates for Visa (NYSE:V)

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