Visa (NYSE:V) is scheduled to be announcing its earnings results after the market closes on Tuesday, July 23rd. Analysts expect the company to announce earnings of $1.33 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Visa (NYSE:V) last issued its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.07. Visa had a return on equity of 40.56% and a net margin of 51.34%. The business had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the previous year, the business earned $1.11 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts expect Visa to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of NYSE:V opened at $179.24 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Visa has a 1 year low of $121.60 and a 1 year high of $181.84. The stock has a market cap of $357.77 billion, a PE ratio of 38.88, a P/E/G ratio of 2.03 and a beta of 0.96. The business’s 50-day moving average price is $172.63.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, August 15th. Visa’s payout ratio is currently 21.69%.
A number of equities analysts have issued reports on the company. Robert W. Baird set a $182.00 target price on Visa and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Bank of America upped their target price on Visa from $177.00 to $192.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Wells Fargo & Co upped their target price on Apollo Global Management from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Deutsche Bank set a $81.00 target price on Franco Nevada and gave the company a “hold” rating in a research report on Thursday, July 11th. Finally, Zacks Investment Research lowered Zai Lab from a “buy” rating to a “hold” rating in a research report on Saturday, June 15th. Two investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $186.04.
In related news, EVP William M. Sheedy sold 75,676 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the sale, the executive vice president now directly owns 300,114 shares of the company’s stock, valued at approximately $49,590,837.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.
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.
Further Reading: Diluted Earnings Per Share
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