$6.08 Billion in Sales Expected for Visa Inc (NYSE:V) This Quarter

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Wall Street analysts expect Visa Inc (NYSE:V) to post sales of $6.08 billion for the current quarter, according to Zacks Investment Research. Twelve analysts have made estimates for Visa’s earnings. The lowest sales estimate is $6.01 billion and the highest is $6.15 billion. Visa reported sales of $5.43 billion in the same quarter last year, which would suggest a positive year over year growth rate of 12%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, October 24th.

On average, analysts expect that Visa will report full year sales of $22.92 billion for the current year, with estimates ranging from $22.85 billion to $22.99 billion. For the next financial year, analysts anticipate that the business will report sales of $25.47 billion, with estimates ranging from $25.05 billion to $26.14 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Visa.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis.

Several equities research analysts have recently weighed in on V shares. Deutsche Bank increased their target price on shares of Visa from $177.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. UBS Group upped their price target on shares of Visa from $183.00 to $187.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Raymond James upped their price target on shares of Visa from $177.00 to $193.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. SunTrust Banks upped their price target on shares of Visa to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Visa from $166.00 to $182.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Visa has a consensus rating of “Buy” and a consensus target price of $196.57.

In other Visa news, Director Denise M. Morrison bought 1,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $171.13 per share, for a total transaction of $171,130.00. Following the acquisition, the director now directly owns 3,223 shares in the company, valued at $551,551.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the transaction, the director now owns 3,452 shares in the company, valued at $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Krane Funds Advisors LLC bought a new stake in shares of Visa in the 2nd quarter valued at about $26,000. Lowe Wealth Advisors LLC boosted its holdings in shares of Visa by 114.7% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after buying an additional 86 shares in the last quarter. Personal Wealth Partners bought a new stake in shares of Visa in the 2nd quarter valued at about $30,000. Mcmillion Capital Management Inc. bought a new stake in shares of Visa in the 2nd quarter valued at about $38,000. Finally, Hexavest Inc. bought a new stake in shares of Visa in the 2nd quarter valued at about $40,000. Institutional investors own 80.99% of the company’s stock.

Shares of V traded up $2.46 during midday trading on Friday, hitting $174.88. The stock had a trading volume of 3,937,216 shares, compared to its average volume of 7,687,397. Visa has a 1 year low of $121.60 and a 1 year high of $187.05. The firm has a market cap of $349.13 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 1.81 and a beta of 0.96. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69. The stock’s 50 day moving average is $177.21 and its 200 day moving average is $170.42.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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