FY2024 EPS Estimates for Visa Inc. Raised by Analyst (NYSE:V)

Visa Inc. (NYSE:V) – Investment analysts at Zacks Research upped their FY2024 EPS estimates for shares of Visa in a note issued to investors on Wednesday, July 31st. Zacks Research analyst K. Dey now expects that the credit-card processor will post earnings of $9.91 per share for the year, up from their previous estimate 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 posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. During the same period in the previous year, the company posted $2.16 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year.

Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Visa from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Evercore ISI reduced their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. UBS Group lifted their price objective on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Jefferies Financial Group reduced their price objective on shares of Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, William Blair raised shares of Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $307.25.

Visa Trading Up 0.7 %

Visa stock opened at $258.21 on Monday. The company’s fifty day simple moving average is $268.55 and its 200-day simple moving average is $274.28. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa has a 12 month low of $227.78 and a 12 month high of $290.96. The stock has a market cap of $472.25 billion, a P/E ratio of 28.85, a P/E/G ratio of 1.88 and a beta of 0.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nadler Financial Group Inc. increased its holdings in shares of Visa by 2.4% during the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after buying an additional 44 shares in the last quarter. Andrew Hill Investment Advisors Inc. acquired a new stake in shares of Visa during the fourth quarter worth approximately $3,427,000. Knights of Columbus Asset Advisors LLC increased its holdings in shares of Visa by 1.1% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 75,421 shares of the credit-card processor’s stock worth $19,636,000 after buying an additional 795 shares in the last quarter. Cedrus LLC increased its holdings in shares of Visa by 10.1% during the fourth quarter. Cedrus LLC now owns 2,010 shares of the credit-card processor’s stock worth $523,000 after buying an additional 184 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Visa during the first quarter worth approximately $1,212,000. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 25,293 shares of the 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 completion of the sale, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.19% of the stock is owned by corporate insiders.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s payout ratio is presently 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.