Visa (V) to Release Earnings on Thursday

Visa (NYSE:VGet Rating) is scheduled to be releasing its earnings data after the market closes on Thursday, January 26th. Analysts expect Visa to post earnings of $2.00 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Visa (NYSE:VGet Rating) last posted its earnings results on Tuesday, October 25th. The credit-card processor reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.07. Visa had a return on equity of 48.56% and a net margin of 51.03%. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.55 billion. On average, analysts expect Visa to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Visa Stock Down 0.1 %

Shares of NYSE:V opened at $223.89 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.61. Visa has a 52-week low of $174.60 and a 52-week high of $250.58. The stock’s fifty day simple moving average is $212.92 and its 200-day simple moving average is $204.65. The company has a market capitalization of $421.70 billion, a P/E ratio of 32.03, a P/E/G ratio of 1.81 and a beta of 0.95.

Visa announced that its Board of Directors has initiated a stock buyback plan on Tuesday, October 25th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Visa Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Friday, December 16th were given a $0.395 dividend. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $1.58 annualized dividend and a dividend yield of 0.71%. Visa’s dividend payout ratio is currently 25.75%.

Insider Activity at Visa

In other news, insider Rajat Taneja sold 25,627 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $216.67, for a total value of $5,552,602.09. Following the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $50,291,707.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, President Ryan Mcinerney sold 58,197 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $62.47, for a total value of $3,635,566.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Rajat Taneja sold 25,627 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $216.67, for a total value of $5,552,602.09. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at $50,291,707.04. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. qPULA Trading Management LP bought a new stake in shares of Visa in the 1st quarter valued at $283,000. Worth Asset Management LLC acquired a new stake in Visa during the first quarter worth approximately $363,000. Private Capital Management LLC lifted its position in Visa by 10.4% during the second quarter. Private Capital Management LLC now owns 1,893 shares of the credit-card processor’s stock worth $373,000 after acquiring an additional 178 shares during the last quarter. West Michigan Advisors LLC lifted its position in Visa by 4.5% during the first quarter. West Michigan Advisors LLC now owns 1,692 shares of the credit-card processor’s stock worth $375,000 after acquiring an additional 73 shares during the last quarter. Finally, Client 1ST Advisory Group LLC raised its position in shares of Visa by 45.5% in the first quarter. Client 1ST Advisory Group LLC now owns 1,860 shares of the credit-card processor’s stock valued at $412,000 after buying an additional 582 shares in the last quarter. 81.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Visa from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Thursday, October 13th. Redburn Partners assumed coverage on Visa in a research report on Tuesday, November 29th. They set a “sell” rating on the stock. Barclays increased their target price on Visa from $264.00 to $266.00 and gave the stock an “overweight” rating in a research report on Monday. BMO Capital Markets reduced their target price on Visa from $257.00 to $241.00 and set an “outperform” rating on the stock in a research report on Thursday, October 27th. Finally, StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Thursday, January 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $255.15.

About Visa

(Get Rating)

Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).

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Earnings History for Visa (NYSE:V)

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