Visa Inc. (NYSE:V) to Post FY2024 Earnings of $9.91 Per Share, William Blair Forecasts

Visa Inc. (NYSE:V) – Equities researchers at William Blair issued their FY2024 earnings per share (EPS) estimates for Visa in a research note issued to investors on Tuesday, July 23rd. William Blair analyst A. Jeffrey forecasts that the credit-card processor will earn $9.91 per share for the year. William Blair has a “Strong-Buy” rating on the stock. The consensus estimate for Visa’s current full-year earnings is $9.94 per share. William Blair also issued estimates for Visa’s Q4 2024 earnings at $2.59 EPS, Q1 2025 earnings at $2.72 EPS, Q2 2025 earnings at $2.69 EPS, Q3 2025 earnings at $2.80 EPS, Q4 2025 earnings at $2.97 EPS and FY2025 earnings at $11.18 EPS.

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

A number of other brokerages also recently weighed in on V. UBS Group lifted their target price on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Oppenheimer lifted their price objective on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Morgan Stanley cut their target price on shares of Visa from $326.00 to $322.00 and set an “overweight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Visa from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Robert W. Baird upped their price objective on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $304.77.

Visa Stock Performance

V stock opened at $253.84 on Friday. The firm has a market cap of $464.26 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The company has a current ratio of 1.37, a quick ratio of 1.40 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $270.45 and a 200-day moving average price of $274.25. Visa has a 1-year low of $227.68 and a 1-year high of $290.96.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders 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 dividend yield of 0.82%. Visa’s dividend payout ratio is currently 23.24%.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Visa

Several large investors have recently made changes to their positions in the business. Alaethes Wealth LLC grew its stake in shares of Visa by 0.4% during the 4th quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock valued at $2,302,000 after acquiring an additional 37 shares during the period. Jessup Wealth Management Inc boosted its position in shares of Visa by 0.7% in the first quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock worth $1,410,000 after purchasing an additional 37 shares during the period. Long Run Wealth Advisors LLC increased its stake in shares of Visa by 2.5% in the first quarter. Long Run Wealth Advisors LLC now owns 1,519 shares of the credit-card processor’s stock worth $424,000 after purchasing an additional 37 shares in the last quarter. Cordatus Wealth Management LLC raised its position in shares of Visa by 0.3% during the 1st quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock valued at $3,012,000 after purchasing an additional 37 shares during the period. Finally, Garden State Investment Advisory Services LLC lifted its stake in shares of Visa by 1.8% during the 4th quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock valued at $571,000 after buying an additional 38 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

About Visa

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.