Visa Inc. (NYSE:V) – Stock analysts at William Blair upped their FY2017 earnings estimates for Visa in a research report issued on Thursday. William Blair analyst R. Napoli now forecasts that the credit-card processor will post earnings of $3.43 per share for the year, up from their prior forecast of $3.40. William Blair also issued estimates for Visa’s Q4 2017 earnings at $0.85 EPS and FY2018 earnings at $4.00 EPS.
Visa (NYSE:V) last announced its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for Visa Inc. Raised by Analyst (NYSE:V)” was first posted by Stock Observer and is the property of of Stock Observer. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.thestockobserver.com/2017/08/12/fy2017-eps-estimates-for-visa-inc-raised-by-analyst-nysev-updated-updated.html.
Several other analysts also recently weighed in on the stock. Vetr downgraded shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 target price on the stock. in a report on Monday, June 5th. CIBC lifted their target price on shares of Visa from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. BidaskClub downgraded shares of Visa from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Finally, Credit Suisse Group set a $112.00 target price on shares of Visa and gave the company a “buy” rating in a report on Saturday. Five analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $103.87.
Visa (V) traded up 0.38% on Monday, reaching $100.75. 1,576,081 shares of the company were exchanged. The stock has a market capitalization of $230.36 billion, a price-to-earnings ratio of 37.47 and a beta of 0.93. Visa has a 52 week low of $75.17 and a 52 week high of $100.78. The stock has a 50-day moving average price of $95.54 and a 200 day moving average price of $90.40.
Several hedge funds have recently modified their holdings of the company. Vicus Capital raised its stake in Visa by 17.4% in the first quarter. Vicus Capital now owns 4,719 shares of the credit-card processor’s stock worth $419,000 after buying an additional 701 shares during the period. Blenheim Capital Management BV bought a new stake in Visa during the fourth quarter worth about $211,000. Roundview Capital LLC raised its stake in Visa by 1.3% in the fourth quarter. Roundview Capital LLC now owns 9,109 shares of the credit-card processor’s stock worth $711,000 after buying an additional 120 shares during the period. Intact Investment Management Inc. raised its stake in Visa by 242.6% in the fourth quarter. Intact Investment Management Inc. now owns 20,900 shares of the credit-card processor’s stock worth $1,634,000 after buying an additional 14,800 shares during the period. Finally, Weitz Investment Management Inc. raised its stake in Visa by 16,443.8% in the fourth quarter. Weitz Investment Management Inc. now owns 860,277 shares of the credit-card processor’s stock worth $67,119,000 after buying an additional 855,077 shares during the period. 82.02% of the stock is currently owned by institutional investors.
Visa declared that its board has approved a share repurchase program on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the credit-card processor to buy up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.66 annualized dividend and a yield of 0.66%. Visa’s dividend payout ratio is presently 24.54%.
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.
Receive News & Ratings for Visa Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa Inc. and related companies with MarketBeat.com's FREE daily email newsletter.