Visa (NYSE:V) Posts Earnings Results, Beats Estimates By $0.09 EPS

Visa (NYSE:V) posted its quarterly earnings data on Thursday. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09, Zacks reports. Visa had a return on equity of 53.16% and a net margin of 54.96%.

Visa Stock Performance

NYSE V traded up $7.38 during trading hours on Thursday, hitting $343.26. The company had a trading volume of 7,894,867 shares, compared to its average volume of 5,745,500. Visa has a fifty-two week low of $252.70 and a fifty-two week high of $344.44. The firm has a market cap of $639.46 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $316.43 and a 200-day simple moving average of $292.09.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Piper Sandler lifted their price objective on Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Wells Fargo & Company increased their price objective on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Morgan Stanley upped their price target on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Susquehanna upped their target price on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada raised their price target on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $335.52.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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.