Visa (NYSE:V - Get Free Report) is projected to announce its earnings results after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $2.66 per share and revenue of $9,340,310.34 billion for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.
Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analysts' expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 EPS. On average, analysts expect Visa to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.
Visa stock opened at $323.55 on Thursday. Visa has a 12 month low of $252.70 and a 12 month high of $325.74. The stock has a fifty day simple moving average of $313.86 and a two-hundred day simple moving average of $289.47. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $602.73 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.15 and a beta of 0.96.
The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is a positive change from Visa's previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.73%. Visa's payout ratio is currently 24.25%.
Several equities research analysts have recently commented on V shares. Citigroup upped their price target on shares of Visa from $326.00 to $354.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Wells Fargo & Company upped their target price on shares of Visa from $325.00 to $360.00 and gave the company an "overweight" rating in a report on Friday, January 3rd. Barclays lifted their price target on shares of Visa from $319.00 to $347.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Susquehanna upped their price objective on Visa from $339.00 to $375.00 and gave the stock a "positive" rating in a research note on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Visa from $300.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $332.81.
View Our Latest Report on Visa
In related news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.
Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
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