Visa (NYSE:V – Get Free Report) issued its quarterly earnings data on Tuesday. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42, Briefing.com reports. The company had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 52.04% and a net margin of 54.72%. Visa’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.16 earnings per share.
Visa Stock Performance
NYSE V traded up $2.41 during trading hours on Thursday, hitting $256.58. The company’s stock had a trading volume of 3,691,419 shares, compared to its average volume of 6,875,677. The company’s 50 day simple moving average is $270.97 and its two-hundred day simple moving average is $274.39. The company has a market cap of $469.27 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95. Visa has a 12 month low of $227.68 and a 12 month high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.
Visa Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.81%. Visa’s payout ratio is 23.24%.
Insider Buying and Selling at Visa
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. Oppenheimer increased their price target on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. William Blair upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday. Bank of America reiterated a “neutral” rating and set a $297.00 price target (down from $305.00) on shares of Visa in a research report on Wednesday, July 10th. JPMorgan Chase & Co. dropped their price objective on Visa from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Wedbush increased their price objective on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $304.77.
Check Out Our Latest Report on V
Visa Company Profile
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.
Featured Stories
- Five stocks we like better than Visa
- What is the Dogs of the Dow Strategy? Overview and Examples
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Do ETFs Pay Dividends? What You Need to Know
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Qualcomm Stock Could Be On The Verge of an Impressive Rally
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.