Visa (V) Expected to Announce Quarterly Earnings on Thursday

Visa (NYSE:V) is projected to issue its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $2.66 per share and revenue of $9.34 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter last year, the company earned $2.33 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts expect Visa to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Visa Trading Up 0.1 %

Shares of V opened at $334.80 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a market cap of $623.69 billion, a PE ratio of 34.41, a PEG ratio of 2.17 and a beta of 0.96. Visa has a 1 year low of $252.70 and a 1 year high of $337.83. The stock has a 50 day simple moving average of $315.39 and a 200-day simple moving average of $291.29.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on V. Mizuho boosted their target price on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Wells Fargo & Company boosted their price target on shares of Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Citigroup raised their price objective on shares of Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Jefferies Financial Group lifted their target price on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler increased their price target on Visa from $322.00 to $368.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.52.

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.