Q4 2024 EPS Estimates for Visa Inc. (NYSE:V) Lifted by Analyst

Visa Inc. (NYSE:V) – Analysts at Seaport Res Ptn upped their Q4 2024 earnings estimates for Visa in a research report issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now anticipates that the credit-card processor will post earnings of $2.64 per share for the quarter, up from their prior estimate of $2.63. The consensus estimate for Visa’s current full-year earnings is $9.88 per share.

V has been the subject of a number of other reports. Wells Fargo & Company upped their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Royal Bank of Canada upped their target price on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Mizuho reiterated a “neutral” rating and issued a $265.00 target price on shares of Visa in a report on Wednesday, March 27th. Keefe, Bruyette & Woods boosted their price target on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Robert W. Baird raised their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $298.43.

Visa Price Performance

Shares of V opened at $271.37 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $498.37 billion, a P/E ratio of 31.23, a PEG ratio of 1.87 and a beta of 0.96. Visa has a 12 month low of $216.14 and a 12 month high of $290.96. The stock has a fifty day moving average price of $279.71 and a 200 day moving average price of $262.62.

Visa (NYSE:V) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. Visa’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.18 EPS.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $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 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,965 shares of company stock worth $5,256,352. Insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Several large investors have recently made changes to their positions in V. Hibernia Wealth Partners LLC acquired a new position in Visa in the 3rd quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new position in Visa in the third quarter valued at approximately $25,000. Livelsberger Financial Advisory acquired a new stake in Visa in the fourth quarter worth $25,000. Westend Capital Management LLC bought a new position in Visa in the first quarter worth approximately $25,000. Finally, O Brien Wealth Partners LLC acquired a new position in Visa during the fourth quarter worth $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

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.