Visa Inc. Expected to Earn Q2 2024 Earnings of $2.44 Per Share (NYSE:V)

Visa Inc. (NYSE:VFree Report) – Equities research analysts at Zacks Research lifted their Q2 2024 earnings per share (EPS) estimates for shares of Visa in a research note issued to investors on Wednesday, February 7th. Zacks Research analyst K. Dey now expects that the credit-card processor will earn $2.44 per share for the quarter, up from their previous forecast of $2.35. The consensus estimate for Visa’s current full-year earnings is $9.91 per share. Zacks Research also issued estimates for Visa’s Q3 2024 earnings at $2.49 EPS, Q4 2024 earnings at $2.59 EPS, FY2024 earnings at $9.93 EPS, Q1 2025 earnings at $2.70 EPS, Q2 2025 earnings at $2.65 EPS, Q3 2025 earnings at $2.80 EPS, Q4 2025 earnings at $2.92 EPS, FY2025 earnings at $11.07 EPS and Q1 2026 earnings at $3.06 EPS.

Other equities research analysts have also recently issued reports about the company. Citigroup increased their price target on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. UBS Group lifted their price target on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Monness Crespi & Hardt initiated coverage on Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. Susquehanna boosted their price objective on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Finally, Mizuho boosted their price objective on Visa from $243.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $290.55.

Check Out Our Latest Stock Analysis on Visa

Visa Price Performance

Shares of V stock opened at $276.43 on Friday. Visa has a 1-year low of $208.76 and a 1-year high of $279.99. The stock’s 50-day moving average is $264.58 and its 200 day moving average is $249.34. The company has a market cap of $507.67 billion, a P/E ratio of 31.81, a PEG ratio of 1.90 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:VGet Free Report) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter last year, the firm posted $2.18 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year.

Institutional Investors Weigh In On Visa

Institutional investors and hedge funds have recently modified their holdings of the stock. Hibernia Wealth Partners LLC acquired a new position in Visa during the third quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in Visa during the third quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the fourth quarter worth $32,000. West Tower Group LLC acquired a new stake in shares of Visa in the second quarter valued at about $30,000. Finally, Nalls Sherbakoff Group LLC grew its position in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 81.35% of the company’s stock.

Insider Buying and Selling at Visa

In related news, insider Rajat Taneja sold 9,200 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $250.01, for a total value of $2,300,092.00. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $58,030,321.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Peter M. Andreski sold 2,615 shares of the business’s 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 completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Rajat Taneja sold 9,200 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $250.01, for a total value of $2,300,092.00. Following the completion of the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at $58,030,321.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,472 shares of company stock worth $25,695,420. 0.19% of the stock is owned by insiders.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

About Visa

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Visa (NYSE:V)

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