FY2024 Earnings Forecast for Visa Inc. (NYSE:V) Issued By Zacks Research

Visa Inc. (NYSE:V) – Investment analysts at Zacks Research raised their FY2024 earnings per share estimates for shares of Visa in a research report issued to clients and investors on Wednesday, July 31st. Zacks Research analyst K. Dey now anticipates that the credit-card processor will post earnings per share of $9.91 for the year, up from their previous forecast of $9.88. The consensus estimate for Visa’s current full-year earnings is $9.91 per share. Zacks Research also issued estimates for Visa’s Q4 2024 earnings at $2.57 EPS, Q2 2025 earnings at $2.65 EPS, Q3 2025 earnings at $2.78 EPS and Q1 2026 earnings at $3.06 EPS.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.42. The business had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.16 EPS.

A number of other research firms have also recently weighed in on V. Piper Sandler decreased their target price on shares of Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird boosted their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Evercore ISI reduced their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. UBS Group boosted their price objective on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, TD Cowen cut their price target on shares of Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Visa has an average rating of “Moderate Buy” and an average target price of $307.25.

Visa Stock Up 0.7 %

NYSE V opened at $258.21 on Monday. Visa has a 1-year low of $227.78 and a 1-year high of $290.96. The company has a market cap of $472.25 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 1.88 and a beta of 0.95. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $268.55 and a 200-day moving average of $274.28.

Visa Dividend Announcement

The company also recently disclosed 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, August 9th. Visa’s dividend payout ratio is currently 23.24%.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Visa

Hedge funds and other institutional investors have recently bought and sold shares of the business. Livelsberger Financial Advisory acquired a new position in Visa during the 4th quarter worth approximately $25,000. Westend Capital Management LLC acquired a new position in shares of Visa in the 1st quarter valued at approximately $25,000. POM Investment Strategies LLC raised its position in shares of Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 97 shares in the last quarter. O Brien Wealth Partners LLC acquired a new position in shares of Visa in the 4th quarter valued at approximately $32,000. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of Visa in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

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.