Visa Inc. Forecasted to Post Q3 2024 Earnings of $2.43 Per Share (NYSE:V)

Visa Inc. (NYSE:V) – Seaport Res Ptn lowered their Q3 2024 EPS estimates for Visa in a report issued on Tuesday, April 23rd. Seaport Res Ptn analyst J. Cantwell now expects that the credit-card processor will post earnings per share of $2.43 for the quarter, down from their prior estimate of $2.50. The consensus estimate for Visa’s current full-year earnings is $9.89 per share. Seaport Res Ptn also issued estimates for Visa’s Q1 2025 earnings at $2.57 EPS, Q2 2025 earnings at $2.73 EPS, Q3 2025 earnings at $2.84 EPS and Q4 2025 earnings at $2.97 EPS.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 earnings per share.

A number of other equities research analysts also recently issued reports on V. Keefe, Bruyette & Woods increased their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Evercore ISI raised their price target on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Royal Bank of Canada raised their price target on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Oppenheimer raised their price target on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

Visa Trading Down 0.2 %

Shares of Visa stock opened at $274.58 on Thursday. The company has a market capitalization of $504.27 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.90 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa has a 12-month low of $216.14 and a 12-month high of $290.96. The firm’s 50-day moving average price is $279.24 and its two-hundred day moving average price is $264.33.

Institutional Investors Weigh In On Visa

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in shares of Visa during the third quarter valued at about $25,000. Livelsberger Financial Advisory bought a new stake in shares of Visa during the fourth quarter valued at about $25,000. Westend Capital Management LLC bought a new stake in shares of Visa during the first quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new position in shares of Visa during the fourth quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC grew its holdings in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,874 shares of company stock valued at $5,506,827. 0.19% of the stock is owned by insiders.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio is 23.24%.

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.