Visa (NYSE:V) Announces Earnings Results, Meets Estimates

Visa (NYSE:V) announced its earnings results on Tuesday. The credit-card processor reported $2.42 EPS for the quarter, hitting analysts’ consensus estimates of $2.42, Briefing.com reports. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. During the same period last year, the firm earned $2.16 EPS. Visa’s revenue for the quarter was up 9.6% compared to the same quarter last year.

Visa Trading Up 2.0 %

Shares of NYSE V traded up $5.05 during trading hours on Friday, reaching $258.79. The stock had a trading volume of 2,572,364 shares, compared to its average volume of 6,882,225. The company has a current ratio of 1.37, a quick ratio of 1.40 and a debt-to-equity ratio of 0.54. The firm has a market cap of $473.31 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 1.77 and a beta of 0.95. The business’s fifty day moving average price is $270.45 and its two-hundred day moving average price is $274.25. Visa has a 52-week low of $227.78 and a 52-week high of $290.96.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.80%. Visa’s payout ratio is 23.24%.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on V. Jefferies Financial Group decreased their target price on Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group raised their price target on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. TD Cowen reduced their target price on Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a report on Wednesday. Macquarie reiterated an “outperform” rating and issued a $300.00 price target on shares of Visa in a research report on Wednesday. Finally, Mizuho lifted their price target on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average target price of $304.77.

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.