$6.78 Billion in Sales Expected for Visa Inc. (NYSE:V) This Quarter

Wall Street analysts expect Visa Inc. (NYSE:V) to post $6.78 billion in sales for the current fiscal quarter, Zacks reports. Twelve analysts have issued estimates for Visa’s earnings. The highest sales estimate is $6.89 billion and the lowest is $6.66 billion. Visa reported sales of $5.69 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.2%. The company is expected to issue its next quarterly earnings results on Thursday, January 27th.

According to Zacks, analysts expect that Visa will report full year sales of $28.21 billion for the current financial year, with estimates ranging from $27.85 billion to $28.88 billion. For the next financial year, analysts anticipate that the firm will post sales of $32.03 billion, with estimates ranging from $31.02 billion to $33.01 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Visa.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 26th. The credit-card processor reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.09. The firm had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.51 billion. Visa had a net margin of 51.07% and a return on equity of 37.62%. Visa’s revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 earnings per share.

A number of analysts have recently issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of Visa from $297.00 to $284.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 27th. Daiwa Capital Markets lowered shares of Visa from an “outperform” rating to a “neutral” rating and set a $250.00 price objective on the stock. in a research note on Thursday, August 12th. UBS Group assumed coverage on shares of Visa in a research note on Thursday, November 18th. They set a “buy” rating and a $275.00 price objective on the stock. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating and set a $227.00 price objective on the stock. in a research note on Thursday, October 28th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Visa from $267.00 to $277.00 and gave the company an “overweight” rating in a research note on Wednesday, October 27th. Two equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $270.11.

Shares of V stock opened at $203.25 on Friday. The stock has a market cap of $395.92 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92. The company has a quick ratio of 2.00, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. Visa has a fifty-two week low of $192.81 and a fifty-two week high of $252.67. The firm’s 50 day moving average price is $219.37 and its two-hundred day moving average price is $228.68.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 7th. Investors of record on Friday, November 12th will be issued a $0.375 dividend. The ex-dividend date is Wednesday, November 10th. This represents a $1.50 annualized dividend and a yield of 0.74%. This is an increase from Visa’s previous quarterly dividend of $0.32. Visa’s dividend payout ratio is presently 26.64%.

In other Visa news, President Ryan Mcinerney sold 11,194 shares of the company’s stock in a transaction dated Friday, October 1st. The shares were sold at an average price of $224.17, for a total value of $2,509,358.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction dated Friday, October 29th. The shares were sold at an average price of $208.57, for a total transaction of $1,877,130.00. The disclosure for this sale can be found here. Insiders sold 51,580 shares of company stock valued at $11,376,866 in the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of V. Danda Trouve Investment Management Inc. acquired a new position in shares of Visa in the 2nd quarter valued at about $25,000. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Visa in the 3rd quarter valued at approximately $26,000. Delos Wealth Advisors LLC bought a new stake in shares of Visa in the 2nd quarter valued at approximately $29,000. Cranbrook Wealth Management LLC grew its stake in shares of Visa by 236.8% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 128 shares of the credit-card processor’s stock valued at $29,000 after buying an additional 90 shares in the last quarter. Finally, McClarren Financial Advisors Inc. grew its stake in shares of Visa by 46.5% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 148 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 47 shares in the last quarter. Institutional investors own 80.54% of the company’s stock.

Visa Company Profile

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

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Earnings History and Estimates for Visa (NYSE:V)

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