Visa (NYSE:V) Announces Quarterly Earnings Results

Visa (NYSE:V - Get Free Report) posted its earnings results on Tuesday. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08, Briefing.com reports. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the firm earned $2.09 earnings per share. The firm's quarterly revenue was up 9.9% compared to the same quarter last year.

Visa Stock Performance

Shares of NYSE:V traded up $0.93 during trading on Wednesday, reaching $275.04. The company had a trading volume of 8,804,958 shares, compared to its average volume of 5,913,914. The stock's fifty day moving average price is $279.49 and its 200 day moving average price is $263.90. Visa has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The firm has a market capitalization of $505.11 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa's payout ratio is currently 23.94%.

Analyst Ratings Changes

Several equities analysts have issued reports on V shares. Evercore ISI lifted their target price on Visa from $325.00 to $335.00 and gave the company an "outperform" rating in a research note on Tuesday, March 26th. Wedbush boosted their price target on Visa from $280.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday. Royal Bank of Canada boosted their price target on Visa from $309.00 to $315.00 and gave the stock an "outperform" rating in a research note on Wednesday. Raymond James boosted their price target on Visa from $287.00 to $311.00 and gave the stock an "outperform" rating in a research note on Friday, January 26th. Finally, Mizuho restated a "neutral" rating and set a $265.00 price target on shares of Visa in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $302.58.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the business's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of the company's stock in a transaction on 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 transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 538 shares of the company's stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock valued at $5,256,352 over the last quarter. Company insiders own 0.19% 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.