Wall Street brokerages expect that Visa Inc. (NYSE:V) will report sales of $6.45 billion for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have made estimates for Visa’s earnings, with the lowest sales estimate coming in at $6.06 billion and the highest estimate coming in at $6.54 billion. Visa posted sales of $5.10 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 26.5%. The company is expected to issue its next quarterly earnings report on Wednesday, October 27th.
On average, analysts expect that Visa will report full-year sales of $23.96 billion for the current fiscal year, with estimates ranging from $23.20 billion to $24.09 billion. For the next year, analysts forecast that the company will post sales of $28.35 billion, with estimates ranging from $26.84 billion to $29.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Visa.
Visa (NYSE:V) last issued its earnings results on Tuesday, July 27th. The credit-card processor reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.16. Visa had a return on equity of 35.45% and a net margin of 47.97%. The company had revenue of $6.13 billion for the quarter, compared to analyst estimates of $5.86 billion. During the same period in the prior year, the firm posted $1.07 EPS. The business’s revenue was up 26.7% compared to the same quarter last year.
In other news, insider Rajat Taneja sold 42,336 shares of Visa stock in a transaction on Tuesday, July 6th. The stock was sold at an average price of $240.00, for a total value of $10,160,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction on Wednesday, June 30th. The stock was sold at an average price of $235.11, for a total value of $2,115,990.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,813 shares of company stock valued at $20,342,613. Corporate insiders own 0.19% of the company’s stock.
Several institutional investors have recently made changes to their positions in V. Oregon Public Employees Retirement Fund grew its stake in Visa by 3.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 367,892 shares of the credit-card processor’s stock valued at $86,021,000 after acquiring an additional 13,120 shares during the period. Heritage Wealth Advisors grew its stake in Visa by 66.1% in the second quarter. Heritage Wealth Advisors now owns 50,010 shares of the credit-card processor’s stock valued at $10,939,000 after acquiring an additional 19,910 shares during the period. WT Wealth Management grew its stake in Visa by 8.7% in the second quarter. WT Wealth Management now owns 10,950 shares of the credit-card processor’s stock valued at $2,560,000 after acquiring an additional 879 shares during the period. Janus Henderson Group PLC grew its stake in Visa by 8.8% in the first quarter. Janus Henderson Group PLC now owns 8,673,916 shares of the credit-card processor’s stock valued at $1,837,698,000 after acquiring an additional 698,028 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd grew its stake in Visa by 181.2% in the first quarter. Central Asset Investments & Management Holdings HK Ltd now owns 6,270 shares of the credit-card processor’s stock valued at $1,327,000 after acquiring an additional 4,040 shares during the period. 81.04% of the stock is owned by institutional investors and hedge funds.
V stock traded up $0.52 during mid-day trading on Friday, hitting $224.33. The stock had a trading volume of 5,927,266 shares, compared to its average volume of 8,205,704. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.61. Visa has a 1-year low of $179.23 and a 1-year high of $252.67. The company has a fifty day moving average of $235.87 and a 200 day moving average of $229.44. The stock has a market capitalization of $436.99 billion, a price-to-earnings ratio of 45.32, a PEG ratio of 2.00 and a beta of 0.98.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Friday, August 13th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $1.28 annualized dividend and a yield of 0.57%. Visa’s payout ratio is 25.40%.
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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