Visa Inc. (NYSE:V) Expected to Post Q4 2024 Earnings of $2.64 Per Share

Visa Inc. (NYSE:V) – Investment analysts at Seaport Res Ptn increased their Q4 2024 earnings per share (EPS) estimates for Visa in a report issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now forecasts that the credit-card processor will post earnings per share of $2.64 for the quarter, up from their prior forecast of $2.63. The consensus estimate for Visa’s current full-year earnings is $9.88 per share.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $2.18 EPS.

Several other research analysts have also weighed in on the company. Susquehanna lifted their target price on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. TD Cowen started coverage on Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective on the stock. Evercore ISI boosted their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. UBS Group boosted their price objective on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, KeyCorp increased their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Visa Stock Performance

Visa stock opened at $271.37 on Wednesday. The company’s 50-day moving average is $279.71 and its two-hundred day moving average is $262.62. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a market cap of $498.37 billion, a PE ratio of 31.23, a PEG ratio of 1.87 and a beta of 0.96. Visa has a 1 year low of $216.14 and a 1 year high of $290.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Wealth Partners Inc. increased its position in shares of Visa by 6.1% during the 1st quarter. Tower Wealth Partners Inc. now owns 2,500 shares of the credit-card processor’s stock valued at $698,000 after purchasing an additional 143 shares during the last quarter. Plimoth Trust Co. LLC lifted its holdings in shares of Visa by 7.6% in the 1st quarter. Plimoth Trust Co. LLC now owns 18,605 shares of the credit-card processor’s stock worth $5,192,000 after buying an additional 1,314 shares during the period. SeaCrest Wealth Management LLC grew its holdings in Visa by 74.1% during the 1st quarter. SeaCrest Wealth Management LLC now owns 32,683 shares of the credit-card processor’s stock worth $9,121,000 after acquiring an additional 13,915 shares in the last quarter. Naviter Wealth LLC boosted its stake in shares of Visa by 14.9% during the first quarter. Naviter Wealth LLC now owns 10,843 shares of the credit-card processor’s stock valued at $3,026,000 after purchasing an additional 1,408 shares in the last quarter. Finally, Nvest Financial LLC boosted its position in Visa by 1.9% during the 1st quarter. Nvest Financial LLC now owns 6,782 shares of the credit-card processor’s stock valued at $1,893,000 after acquiring an additional 128 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’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 transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 18,965 shares of company stock worth $5,256,352 over the last three months. 0.19% of the stock is currently owned by company insiders.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Visa Company Profile

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.