Analysts Set Expectations for Visa Inc.’s FY2024 Earnings (NYSE:V)

Visa Inc. (NYSE:V) – Stock analysts at Seaport Res Ptn decreased their FY2024 earnings estimates for shares of Visa in a research report issued to clients and investors on Monday, October 7th. Seaport Res Ptn analyst J. Cantwell now forecasts that the credit-card processor will post earnings of $9.91 per share for the year, down from their prior estimate of $9.92. The consensus estimate for Visa’s current full-year earnings is $9.92 per share. Seaport Res Ptn also issued estimates for Visa’s Q4 2024 earnings at $2.57 EPS, Q4 2025 earnings at $2.86 EPS, Q1 2026 earnings at $2.93 EPS, Q2 2026 earnings at $3.00 EPS, Q3 2026 earnings at $3.14 EPS and FY2026 earnings at $12.21 EPS.

Other equities analysts also recently issued reports about the stock. BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 target price on the stock in a research note on Tuesday, September 3rd. BMO Capital Markets upped their price target on shares of Visa from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $322.00 price target on shares of Visa in a research report on Wednesday, September 25th. Finally, TD Cowen lowered their price target on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $312.04.

Visa Stock Up 0.7 %

Shares of NYSE V opened at $276.96 on Tuesday. The stock has a market capitalization of $506.54 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 1.92 and a beta of 0.96. Visa has a 12-month low of $228.03 and a 12-month high of $293.07. The firm’s 50-day moving average price is $273.48 and its 200-day moving average price is $272.68. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.42. The company had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. Visa’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.16 EPS.

Hedge Funds Weigh In On Visa

A number of large investors have recently made changes to their positions in V. Hilltop National Bank purchased a new stake in shares of Visa during the first quarter worth about $1,212,000. Absolute Capital Management LLC acquired a new stake in shares of Visa in the first quarter worth approximately $404,000. Davidson Capital Management Inc. boosted its position in shares of Visa by 0.5% in the first quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock worth $2,588,000 after acquiring an additional 44 shares during the last quarter. Empirical Finance LLC boosted its position in shares of Visa by 4.4% in the first quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock worth $12,761,000 after acquiring an additional 1,914 shares during the last quarter. Finally, Arjuna Capital lifted its position in Visa by 0.8% during the second quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock valued at $3,111,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by insiders.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio is presently 23.24%.

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.