Zacks: Analysts Expect Visa Inc. (NYSE:V) to Announce $1.33 EPS

Wall Street analysts predict that Visa Inc. (NYSE:V) will announce earnings per share of $1.33 for the current quarter, Zacks reports. Fourteen analysts have provided estimates for Visa’s earnings, with the highest EPS estimate coming in at $1.46 and the lowest estimate coming in at $1.26. Visa posted earnings of $1.06 per share during the same quarter last year, which would indicate a positive year over year growth rate of 25.5%. The company is expected to announce its next earnings results on Tuesday, July 27th.

On average, analysts expect that Visa will report full year earnings of $5.57 per share for the current fiscal year, with EPS estimates ranging from $5.30 to $5.85. For the next financial year, analysts forecast that the firm will report earnings of $6.96 per share, with EPS estimates ranging from $6.45 to $7.63. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Visa.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 27th. The credit-card processor reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.12. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $5.54 billion. Visa had a net margin of 49.74% and a return on equity of 37.22%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 EPS.

Several analysts recently issued reports on V shares. Oppenheimer raised their target price on Visa from $245.00 to $260.00 in a research note on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on Visa from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 14th. Credit Suisse Group raised their price target on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Tuesday. Robert W. Baird reissued a “buy” rating and set a $256.00 price objective on shares of Visa in a research report on Sunday, April 11th. Finally, Jefferies Financial Group upped their price objective on shares of Visa from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Visa presently has an average rating of “Buy” and an average price target of $246.32.

Shares of V stock traded down $0.58 during mid-day trading on Tuesday, reaching $232.03. The stock had a trading volume of 5,878,977 shares, compared to its average volume of 9,420,441. 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 stock’s 50-day moving average price is $221.11 and its two-hundred day moving average price is $210.57. The firm has a market capitalization of $453.00 billion, a PE ratio of 47.51, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96. Visa has a 52-week low of $173.82 and a 52-week high of $237.50.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, May 13th. Visa’s payout ratio is 25.40%.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction on Wednesday, March 31st. The stock was sold at an average price of $212.55, for a total transaction of $1,912,950.00. Following the sale, the chief executive officer now directly owns 163,112 shares in the company, valued at approximately $34,669,455.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Ryan Mcinerney sold 11,193 shares of Visa stock in a transaction on Monday, February 8th. The stock was sold at an average price of $210.00, for a total value of $2,350,530.00. Following the completion of the sale, the president now directly owns 11,193 shares of the company’s stock, valued at approximately $2,350,530. The disclosure for this sale can be found here. Insiders have sold a total of 133,843 shares of company stock worth $29,838,958 over the last three months. 0.19% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Asset Management LLC boosted its holdings in shares of Visa by 78.6% during the 3rd quarter. Trust Asset Management LLC now owns 8,647 shares of the credit-card processor’s stock valued at $1,729,000 after acquiring an additional 3,805 shares during the last quarter. United Bank lifted its position in Visa by 6.0% during the third quarter. United Bank now owns 8,632 shares of the credit-card processor’s stock valued at $1,726,000 after purchasing an additional 485 shares during the period. OLD Mission Capital LLC bought a new position in Visa during the third quarter valued at approximately $373,000. Schonfeld Strategic Advisors LLC boosted its holdings in Visa by 221.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 82,697 shares of the credit-card processor’s stock worth $16,537,000 after purchasing an additional 150,738 shares during the last quarter. Finally, Westover Capital Advisors LLC grew its position in Visa by 12.1% in the 3rd quarter. Westover Capital Advisors LLC now owns 5,221 shares of the credit-card processor’s stock worth $1,044,000 after purchasing an additional 562 shares during the period. 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.

Featured Story: Fundamental Analysis – How It Helps Investors

Get a free copy of the Zacks research report on Visa (V)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Visa (NYSE:V)

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.