$6.08 Billion in Sales Expected for Visa Inc (NYSE:V) This Quarter
Wall Street analysts expect Visa Inc (NYSE:V) to post sales of $6.08 billion for the current quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Visa’s earnings, with estimates ranging from $6.01 billion to $6.15 billion. Visa posted sales of $5.43 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The business is expected to report its next quarterly earnings results on Wednesday, October 23rd.
According to Zacks, analysts expect that Visa will report full year sales of $22.92 billion for the current financial year, with estimates ranging from $22.85 billion to $22.99 billion. For the next year, analysts expect that the firm will report sales of $25.47 billion, with estimates ranging from $25.05 billion to $26.14 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Visa.
Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.04. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.20 earnings per share.
In related news, Director Lloyd Carney sold 3,500 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $182.73, for a total value of $639,555.00. Following the completion of the sale, the director now directly owns 3,452 shares in the company, valued at approximately $630,783.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Visa by 1.9% during the 1st quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock worth $14,409,440,000 after buying an additional 1,731,813 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Visa by 11,319.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock worth $656,000 after purchasing an additional 85,811,983 shares in the last quarter. Lunia Capital LP increased its holdings in Visa by 13,370.7% in the 4th quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after purchasing an additional 23,280,332 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Visa by 3.2% in the 2nd quarter. Fisher Asset Management LLC now owns 19,780,743 shares of the credit-card processor’s stock worth $3,432,948,000 after purchasing an additional 622,075 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in Visa by 1.6% in the 4th quarter. Jennison Associates LLC now owns 17,301,374 shares of the credit-card processor’s stock worth $2,282,743,000 after purchasing an additional 271,382 shares in the last quarter. Hedge funds and other institutional investors own 81.16% of the company’s stock.
V traded down $0.97 during midday trading on Friday, reaching $182.24. 1,844,343 shares of the company were exchanged, compared to its average volume of 5,444,835. The company has a quick ratio of 1.62, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. Visa has a one year low of $121.60 and a one year high of $184.07. The firm has a market cap of $366.66 billion, a PE ratio of 39.53, a P/E/G ratio of 2.07 and a beta of 0.96. The company’s 50-day simple moving average is $176.05.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be paid a $0.25 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 0.55%. Visa’s dividend payout ratio (DPR) is presently 21.69%.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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