Visa (NYSE:V) will be posting its quarterly earnings results after the market closes on Wednesday, October 24th. Analysts expect Visa to post earnings of $1.20 per share for the quarter.

Visa (NYSE:V) last released its quarterly earnings data on Wednesday, July 25th. The credit-card processor reported $1.20 EPS for the quarter, beating the consensus estimate of $1.09 by $0.11. Visa had a return on equity of 36.09% and a net margin of 47.91%. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.09 billion. During the same period last year, the company posted $0.86 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, analysts expect Visa to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

NYSE:V opened at $141.74 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.69. Visa has a 12 month low of $106.60 and a 12 month high of $151.56. The stock has a market capitalization of $305.32 billion, a price-to-earnings ratio of 40.73, a P/E/G ratio of 1.86 and a beta of 1.06.

In related news, CFO Vasant M. Prabhu sold 25,064 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $140.56, for a total value of $3,522,995.84. Following the completion of the sale, the chief financial officer now directly owns 58,232 shares of the company’s stock, valued at $8,185,089.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP James H. Hoffmeister sold 6,912 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $140.01, for a total value of $967,749.12. Following the completion of the sale, the senior vice president now directly owns 6,912 shares of the company’s stock, valued at $967,749.12. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

An institutional investor recently bought a new position in Visa stock. HC Financial Advisors Inc. bought a new stake in Visa Inc (NYSE:V) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,598 shares of the credit-card processor’s stock, valued at approximately $2,805,000. Visa accounts for about 2.8% of HC Financial Advisors Inc.’s portfolio, making the stock its 6th largest holding. 80.18% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on the company. Credit Suisse Group raised their price objective on Visa from $150.00 to $164.00 and gave the company an “outperform” rating in a research report on Monday, October 8th. KeyCorp raised their price objective on Visa from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, July 26th. Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Buckingham Research lifted their target price on Visa from $152.00 to $169.00 and gave the stock a “buy” rating in a research report on Tuesday, June 26th. Finally, Bank of America lifted their target price on Visa from $146.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, July 17th. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $153.97.

Visa Company Profile

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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Earnings History for Visa (NYSE:V)

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