Q3 2024 EPS Estimates for Visa Inc. Lowered by William Blair (NYSE:V)

Visa Inc. (NYSE:V) – Equities researchers at William Blair reduced their Q3 2024 earnings per share (EPS) estimates for Visa in a note issued to investors on Wednesday, April 24th. William Blair analyst C. Kennedy now forecasts that the credit-card processor will post earnings of $2.39 per share for the quarter, down from their previous estimate of $2.46. William Blair has a “Outperform” rating on the stock. The consensus estimate for Visa’s current full-year earnings is $9.89 per share. William Blair also issued estimates for Visa’s Q1 2025 earnings at $2.71 EPS and Q2 2025 earnings at $2.66 EPS.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis.

V has been the subject of a number of other research reports. TD Cowen started coverage on Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price for the company. Keefe, Bruyette & Woods raised their price target on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. UBS Group raised their price target on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. Mizuho reiterated a “neutral” rating and issued a $265.00 price objective on shares of Visa in a report on Wednesday, March 27th. Finally, Susquehanna raised their price target on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $302.58.

Visa Trading Down 0.2 %

Shares of V stock opened at $274.58 on Thursday. The stock’s 50-day moving average price is $279.24 and its 200-day moving average price is $264.33. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53. Visa has a 12-month low of $216.14 and a 12-month high of $290.96. The stock has a market capitalization of $504.27 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Hedge Funds Weigh In On Visa

Several institutional investors and hedge funds have recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in Visa during the third quarter worth approximately $25,000. Livelsberger Financial Advisory acquired a new position in Visa during the fourth quarter worth approximately $25,000. Westend Capital Management LLC acquired a new position in Visa during the first quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the fourth quarter worth approximately $32,000. Finally, Nalls Sherbakoff Group LLC increased its position in Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. In the last three months, insiders sold 19,874 shares of company stock valued at $5,506,827. Insiders own 0.19% of the company’s stock.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

About Visa

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.