Visa Inc. (NYSE:V – Free Report) – Seaport Res Ptn lowered their Q3 2024 EPS estimates for Visa in a report issued on Tuesday, April 23rd. Seaport Res Ptn analyst J. Cantwell now expects that the credit-card processor will post earnings per share of $2.43 for the quarter, down from their prior estimate of $2.50. The consensus estimate for Visa’s current full-year earnings is $9.89 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.
Visa (NYSE:V – Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 earnings per share.
Check Out Our Latest Stock Analysis on Visa
Visa Trading Down 0.2 %
Shares of Visa stock opened at $274.58 on Thursday. The company has a market capitalization of $504.27 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.90 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa has a 12-month low of $216.14 and a 12-month high of $290.96. The firm’s 50-day moving average price is $279.24 and its two-hundred day moving average price is $264.33.
Institutional Investors Weigh In On Visa
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in shares of Visa during the third quarter valued at about $25,000. Livelsberger Financial Advisory bought a new stake in shares of Visa during the fourth quarter valued at about $25,000. Westend Capital Management LLC bought a new stake in shares of Visa during the first quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new position in shares of Visa during the fourth quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC grew its holdings in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was 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. In the last ninety days, insiders have sold 19,874 shares of company stock valued at $5,506,827. 0.19% of the stock is owned by insiders.
Visa Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio is 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.
Further Reading
- Five stocks we like better than Visa
- The 3 Best Blue-Chip Stocks to Buy Now
- 3 Stocks Leading the U.S. Agriculture Comeback
- Insider Selling Explained: Can it Inform Your Investing Choices?
- How to Use Put Debit Spreads to Profit From Falling Stocks
- What is a Dividend King?
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.