Visa Inc (NYSE:V) – Research analysts at Cantor Fitzgerald issued their FY2019 EPS estimates for Visa in a research note issued to investors on Wednesday, October 16th. Cantor Fitzgerald analyst J. Foresi anticipates that the credit-card processor will post earnings of $5.41 per share for the year.

Several other equities research analysts have also recently issued reports on the stock. Goldman Sachs Group reaffirmed a “buy” rating and set a $202.00 price target on shares of Visa in a research note on Wednesday, July 24th. KeyCorp raised their price target on shares of Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Nomura raised their price target on shares of Visa from $178.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. SunTrust Banks raised their price target on shares of Visa to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Piper Jaffray Companies set a $207.00 price target on shares of Visa and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $196.57.

Visa stock opened at $170.86 on Monday. Visa has a 12-month low of $121.60 and a 12-month high of $187.05. The stock has a market capitalization of $348.59 billion, a P/E ratio of 37.06, a P/E/G ratio of 1.81 and a beta of 0.96. The firm’s 50-day moving average is $176.63 and its two-hundred day moving average is $171.80. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. During the same period last year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year.

In related news, Director Lloyd Carney sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $182.73, for a total value of $639,555.00. Following the transaction, the director now owns 3,452 shares in the company, valued at $630,783.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Denise M. Morrison purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of $171.13 per share, for a total transaction of $171,130.00. Following the acquisition, the director now directly owns 3,223 shares of the company’s stock, valued at approximately $551,551.99. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Krane Funds Advisors LLC purchased a new position in Visa in the second quarter valued at approximately $26,000. Lowe Wealth Advisors LLC raised its stake in shares of Visa by 114.7% during the second quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 86 shares during the period. Personal Wealth Partners purchased a new stake in shares of Visa during the second quarter valued at approximately $30,000. Mcmillion Capital Management Inc. purchased a new stake in shares of Visa during the second quarter valued at approximately $38,000. Finally, Hexavest Inc. purchased a new stake in shares of Visa during the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 80.99% of the company’s stock.

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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Earnings History and Estimates for Visa (NYSE:V)

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