Visa Inc (NYSE:V) – Equities researchers at Wedbush reduced their Q2 2020 EPS estimates for shares of Visa in a research report issued on Monday, March 23rd. Wedbush analyst M. Katri now expects that the credit-card processor will post earnings of $1.37 per share for the quarter, down from their previous forecast of $1.42. Wedbush currently has a “Buy” rating and a $215.00 target price on the stock. Wedbush also issued estimates for Visa’s Q1 2021 earnings at $1.71 EPS, Q2 2021 earnings at $1.60 EPS and Q4 2021 earnings at $1.69 EPS.
Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $1.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.46. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $6.08 billion. Visa had a return on equity of 43.15% and a net margin of 52.60%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.30 EPS.
Shares of Visa stock opened at $168.88 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.46. The business’s 50 day simple moving average is $185.40 and its 200-day simple moving average is $184.53. The stock has a market capitalization of $303.27 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 1.66 and a beta of 0.94. Visa has a twelve month low of $133.93 and a twelve month high of $214.17.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 13th. This is a boost from Visa’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.71%. Visa’s dividend payout ratio (DPR) is 22.06%.
In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $189.31, for a total transaction of $1,325,170.00. Following the completion of the sale, the chief executive officer now directly owns 150,514 shares of the company’s stock, valued at approximately $28,493,805.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO James H. Hoffmeister sold 2,186 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $208.71, for a total value of $456,240.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,371 shares of company stock worth $7,814,759. 0.19% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in V. OLD Second National Bank of Aurora acquired a new stake in shares of Visa in the fourth quarter worth $27,000. Stephenson National Bank & Trust acquired a new stake in shares of Visa in the fourth quarter worth $28,000. Laffer Investments acquired a new stake in shares of Visa in the fourth quarter worth $31,000. Sageworth Trust Co acquired a new stake in shares of Visa in the fourth quarter worth $40,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Visa in the fourth quarter worth $43,000. 82.41% of the stock is owned by institutional investors and hedge funds.
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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