Oppenheimer Weighs in on Visa Inc’s Q3 2020 Earnings (NYSE:V)

Visa Inc (NYSE:V) – Research analysts at Oppenheimer lowered their Q3 2020 earnings estimates for shares of Visa in a report released on Thursday, January 16th. Oppenheimer analyst G. Greene now anticipates that the credit-card processor will post earnings per share of $1.56 for the quarter, down from their previous forecast of $1.57. Oppenheimer has a “Outperform” rating and a $210.00 price objective on the stock. Oppenheimer also issued estimates for Visa’s FY2020 earnings at $6.13 EPS, Q1 2021 earnings at $1.69 EPS, Q3 2021 earnings at $1.81 EPS and Q4 2021 earnings at $1.94 EPS.

Visa (NYSE:V) last released its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. Visa had a return on equity of 42.57% and a net margin of 52.57%. The company had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $6.08 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis.

A number of other research firms have also recently weighed in on V. BMO Capital Markets lowered their price target on Visa from $239.00 to $232.00 and set an “outperform” rating on the stock in a report on Wednesday. Guggenheim set a $194.00 price target on Visa and gave the stock a “buy” rating in a report on Friday, October 25th. William Blair restated an “outperform” rating on shares of Visa in a report on Tuesday. Wedbush upped their price target on Visa from $195.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Morgan Stanley upped their price target on Visa from $207.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Visa has an average rating of “Buy” and an average target price of $204.92.

NYSE V traded up $1.15 on Friday, hitting $202.10. 2,448,492 shares of the company’s stock were exchanged, compared to its average volume of 7,776,800. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.56 and a quick ratio of 1.56. The firm’s 50-day moving average price is $187.66 and its two-hundred day moving average price is $180.43. Visa has a fifty-two week low of $133.30 and a fifty-two week high of $201.50. The firm has a market cap of $386.09 billion, a price-to-earnings ratio of 37.15, a P/E/G ratio of 2.04 and a beta of 0.93.

Several institutional investors and hedge funds have recently added to or reduced their stakes in V. Altium Wealth Management LLC increased its stake in shares of Visa by 3.8% during the fourth quarter. Altium Wealth Management LLC now owns 15,163 shares of the credit-card processor’s stock valued at $2,849,000 after acquiring an additional 551 shares during the period. 180 Wealth Advisors LLC increased its stake in shares of Visa by 8.1% during the fourth quarter. 180 Wealth Advisors LLC now owns 9,686 shares of the credit-card processor’s stock valued at $1,935,000 after acquiring an additional 726 shares during the period. Mirador Capital Partners LP increased its stake in shares of Visa by 1.7% during the fourth quarter. Mirador Capital Partners LP now owns 15,320 shares of the credit-card processor’s stock valued at $2,879,000 after acquiring an additional 253 shares during the period. Good Life Advisors LLC increased its stake in shares of Visa by 5.5% during the fourth quarter. Good Life Advisors LLC now owns 7,450 shares of the credit-card processor’s stock valued at $1,407,000 after acquiring an additional 389 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Visa by 2.8% during the fourth quarter. IFP Advisors Inc now owns 44,280 shares of the credit-card processor’s stock valued at $8,392,000 after acquiring an additional 1,191 shares during the period. 81.08% of the stock is currently owned by institutional investors.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $177.79, for a total transaction of $1,244,530.00. Following the sale, the chief executive officer now owns 55,446 shares of the company’s stock, valued at $9,857,744.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP William M. Sheedy sold 13,206 shares of Visa stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $181.78, for a total value of $2,400,586.68. Following the sale, the executive vice president now directly owns 254,060 shares in the company, valued at approximately $46,183,026.80. The disclosure for this sale can be found here. Insiders sold 58,480 shares of company stock worth $10,606,182 in the last three months. 0.17% of the stock is currently owned by corporate insiders.

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.

Featured Article: Balance Sheet

Earnings History and Estimates for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.