Visa (NYSE:V) Issues Quarterly Earnings Results

Visa (NYSE:V - Get Free Report) announced its quarterly earnings results on Thursday. The credit-card processor reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09, Zacks reports. Visa had a net margin of 54.96% and a return on equity of 53.16%.

Visa Price Performance

Shares of V traded down $1.00 during mid-day trading on Friday, hitting $342.05. 8,623,980 shares of the company were exchanged, compared to its average volume of 5,066,612. Visa has a 1-year low of $252.70 and a 1-year high of $351.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The company has a 50 day moving average of $317.74 and a 200-day moving average of $293.12. The stock has a market cap of $637.19 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa's dividend payout ratio (DPR) is presently 24.25%.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on V shares. Macquarie lifted their price target on shares of Visa from $300.00 to $335.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price target on shares of Visa from $360.00 to $400.00 and gave the company an "outperform" rating in a research note on Friday. Piper Sandler lifted their price target on shares of Visa from $322.00 to $368.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Morgan Stanley lifted their price objective on shares of Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Finally, Oppenheimer lifted their price objective on shares of Visa from $375.00 to $390.00 and gave the company an "outperform" rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $352.27.

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.