Visa Inc (NYSE:V) to Post Q1 2021 Earnings of $1.31 Per Share, KeyCorp Forecasts

Visa Inc (NYSE:V) – Research analysts at KeyCorp dropped their Q1 2021 earnings per share estimates for Visa in a research report issued on Monday, October 26th. KeyCorp analyst J. Beck now anticipates that the credit-card processor will post earnings of $1.31 per share for the quarter, down from their previous estimate of $1.32. KeyCorp currently has a “Overweight” rating and a $230.00 target price on the stock. KeyCorp also issued estimates for Visa’s Q2 2021 earnings at $1.37 EPS, Q3 2021 earnings at $1.41 EPS, Q4 2021 earnings at $1.55 EPS and FY2021 earnings at $5.65 EPS.

A number of other research firms have also recently issued reports on V. Morgan Stanley increased their price target on Visa from $211.00 to $228.00 and gave the stock an “overweight” rating in a report on Monday. Oppenheimer restated a “buy” rating and set a $212.00 price target (down from $233.00) on shares of Visa in a report on Thursday. Wedbush restated a “buy” rating and set a $220.00 price target on shares of Visa in a report on Monday, October 5th. Jefferies Financial Group increased their price target on Visa from $185.00 to $205.00 and gave the stock a “hold” rating in a report on Friday, October 2nd. Finally, Credit Suisse Group cut their price target on Visa from $235.00 to $230.00 and set an “outperform” rating on the stock in a report on Thursday. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Visa currently has an average rating of “Buy” and an average price target of $216.79.

Shares of V stock opened at $184.87 on Wednesday. The business’s 50 day simple moving average is $200.32 and its 200 day simple moving average is $193.80. Visa has a one year low of $133.93 and a one year high of $217.35. The stock has a market capitalization of $359.09 billion, a PE ratio of 35.21, a PEG ratio of 2.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.55 and a quick ratio of 1.55.

Visa (NYSE:V) last announced its earnings results on Wednesday, October 28th. The credit-card processor reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Visa had a return on equity of 40.65% and a net margin of 51.37%.

A number of large investors have recently made changes to their positions in V. Corbett Road Capital Management LLC grew its stake in shares of Visa by 3.7% during the 3rd quarter. Corbett Road Capital Management LLC now owns 3,335 shares of the credit-card processor’s stock worth $667,000 after acquiring an additional 120 shares during the period. Centre Asset Management LLC grew its stake in shares of Visa by 4.7% during the 3rd quarter. Centre Asset Management LLC now owns 24,960 shares of the credit-card processor’s stock worth $4,991,000 after acquiring an additional 1,130 shares during the period. Fundamentun LLC grew its stake in shares of Visa by 3.4% during the 3rd quarter. Fundamentun LLC now owns 16,631 shares of the credit-card processor’s stock worth $3,326,000 after acquiring an additional 552 shares during the period. Stratos Wealth Advisors LLC grew its stake in shares of Visa by 18.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,534 shares of the credit-card processor’s stock worth $907,000 after acquiring an additional 722 shares during the period. Finally, REDW Wealth LLC grew its stake in shares of Visa by 2.0% during the 3rd quarter. REDW Wealth LLC now owns 3,021 shares of the credit-card processor’s stock worth $604,000 after acquiring an additional 58 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $212.00, for a total value of $1,484,000.00. Following the completion of the transaction, the chief executive officer now owns 127,090 shares in the company, valued at approximately $26,943,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rajat Taneja sold 45,036 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $214.00, for a total value of $9,637,704.00. Following the completion of the transaction, the insider now owns 230,851 shares of the company’s stock, valued at approximately $49,402,114. The disclosure for this sale can be found here. Insiders sold a total of 111,122 shares of company stock valued at $23,383,541 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

About Visa

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.

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Earnings History and Estimates for Visa (NYSE:V)

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