Zacks: Brokerages Expect Visa Inc. (NYSE:V) to Announce $1.27 EPS


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Equities research analysts expect Visa Inc. (NYSE:V) to post earnings of $1.27 per share for the current fiscal quarter, Zacks reports. Fourteen analysts have provided estimates for Visa’s earnings, with the highest EPS estimate coming in at $1.37 and the lowest estimate coming in at $1.22. Visa reported earnings of $1.39 per share in the same quarter last year, which indicates a negative year over year growth rate of 8.6%. The firm is expected to announce its next earnings report on Thursday, April 29th.

On average, analysts expect that Visa will report full-year earnings of $5.49 per share for the current fiscal year, with EPS estimates ranging from $5.18 to $5.74. For the next year, analysts forecast that the business will post earnings of $6.81 per share, with EPS estimates ranging from $6.34 to $7.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Visa.

Visa (NYSE:V) last posted its earnings results on Thursday, January 28th. The credit-card processor reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.14. The business had revenue of $5.69 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Visa had a net margin of 49.74% and a return on equity of 37.22%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share.

Several analysts have weighed in on the stock. Jefferies Financial Group raised shares of Visa from a “hold” rating to a “buy” rating and upped their price objective for the stock from $195.00 to $250.00 in a research note on Wednesday, January 13th. Raymond James decreased their price objective on shares of Visa from $217.00 to $211.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Wells Fargo & Company upped their price objective on shares of Visa from $210.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, November 19th. Credit Suisse Group upped their price objective on shares of Visa from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Visa from $220.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 14th. Five research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $222.64.

NYSE V traded up $2.90 on Tuesday, reaching $211.22. The company’s stock had a trading volume of 387,385 shares, compared to its average volume of 10,284,387. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The firm has a market cap of $412.37 billion, a PE ratio of 42.58, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96. Visa has a 52 week low of $133.93 and a 52 week high of $220.39. The business has a 50-day moving average price of $205.99 and a 200 day moving average price of $204.63.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 1st. Investors of record on Friday, February 12th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, February 11th. This represents a $1.28 annualized dividend and a yield of 0.61%. Visa’s dividend payout ratio is currently 25.40%.

In other Visa news, CAO James H. Hoffmeister sold 2,157 shares of the stock in a transaction on Wednesday, December 2nd. The shares were sold at an average price of $208.87, for a total value of $450,532.59. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction on Monday, November 30th. The stock was sold at an average price of $209.40, for a total transaction of $1,884,600.00. Following the completion of the sale, the chief executive officer now owns 132,660 shares in the company, valued at $27,779,004. The disclosure for this sale can be found here. Insiders sold 82,398 shares of company stock worth $17,896,223 over the last 90 days. 0.19% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley increased its position in shares of Visa by 20.2% during the fourth quarter. Morgan Stanley now owns 40,793,518 shares of the credit-card processor’s stock worth $8,922,767,000 after acquiring an additional 6,857,457 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Visa by 290.9% during the third quarter. Great West Life Assurance Co. Can now owns 7,106,202 shares of the credit-card processor’s stock worth $345,975,000 after acquiring an additional 5,288,239 shares in the last quarter. Viking Global Investors LP increased its position in shares of Visa by 1,170.4% during the fourth quarter. Viking Global Investors LP now owns 4,085,538 shares of the credit-card processor’s stock worth $893,630,000 after acquiring an additional 3,763,943 shares in the last quarter. TCI Fund Management Ltd. increased its position in shares of Visa by 25.3% during the third quarter. TCI Fund Management Ltd. now owns 14,057,890 shares of the credit-card processor’s stock worth $2,811,156,000 after acquiring an additional 2,842,505 shares in the last quarter. Finally, Egerton Capital UK LLP bought a new stake in shares of Visa during the third quarter worth $422,799,000. Institutional investors 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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