Q3 2024 EPS Estimates for Visa Inc. (NYSE:V) Reduced by Seaport Res Ptn

Visa Inc. (NYSE:V - Free Report) - Analysts at Seaport Res Ptn reduced their Q3 2024 EPS estimates for shares of Visa in a research note issued to investors on Tuesday, April 23rd. Seaport Res Ptn analyst J. Cantwell now expects that the credit-card processor will post earnings of $2.43 per share for the quarter, down from their prior forecast of $2.50. The consensus estimate for Visa's current full-year earnings is $9.88 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.

A number of other equities research analysts have also recently weighed in on the company. Raymond James raised their price target on Visa from $287.00 to $311.00 and gave the company an "outperform" rating in a report on Friday, January 26th. Mizuho restated a "neutral" rating and issued a $265.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Royal Bank of Canada upped their target price on shares of Visa from $309.00 to $315.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wells Fargo & Company raised their price target on shares of Visa from $300.00 to $325.00 and gave the company an "overweight" rating in a report on Wednesday, March 6th. Finally, Barclays lifted their target price on Visa from $304.00 to $319.00 and gave the company an "overweight" rating in a research note on Monday, January 29th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and a consensus target price of $302.58.

Visa Price Performance

NYSE V traded up $0.14 on Thursday, reaching $275.16. The company's stock had a trading volume of 8,063,143 shares, compared to its average volume of 5,940,838. Visa has a 52 week low of $216.14 and a 52 week high of $290.96. The firm has a market cap of $505.33 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The business has a 50-day moving average price of $279.44 and a 200 day moving average price of $263.97. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts' expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.72%. The firm's revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $2.09 earnings per share.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa's dividend payout ratio (DPR) is currently 23.24%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,200 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The shares were 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. Insiders sold a total of 18,965 shares of company stock valued at $5,256,352 over the last three months. Insiders own 0.19% of the company's stock.

Institutional Trading of Visa

A number of institutional investors have recently bought and sold shares of V. FMR LLC increased its stake in Visa by 4.7% in the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor's stock valued at $11,582,785,000 after purchasing an additional 2,257,605 shares in the last quarter. Capital International Investors grew its stake in Visa by 2.7% in the fourth quarter. Capital International Investors now owns 22,943,773 shares of the credit-card processor's stock valued at $5,973,432,000 after acquiring an additional 596,950 shares during the period. Capital World Investors increased its holdings in shares of Visa by 8.0% during the fourth quarter. Capital World Investors now owns 17,895,788 shares of the credit-card processor's stock valued at $4,659,169,000 after acquiring an additional 1,323,238 shares in the last quarter. Northern Trust Corp raised its position in shares of Visa by 4.7% during the third quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor's stock worth $3,927,122,000 after purchasing an additional 763,505 shares during the period. Finally, Norges Bank bought a new position in shares of Visa in the 4th quarter worth $3,895,015,000. Institutional investors own 82.15% of the company's stock.

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.