Visa Inc. Forecasted to Post Q3 2024 Earnings of $2.42 Per Share (NYSE:V)

Visa Inc. (NYSE:V) – Research analysts at Seaport Res Ptn lowered their Q3 2024 earnings estimates for shares of Visa in a report released on Thursday, July 11th. Seaport Res Ptn analyst J. Cantwell now anticipates that the credit-card processor will post earnings per share of $2.42 for the quarter, down from their previous forecast of $2.43. The consensus estimate for Visa’s current full-year earnings is $9.94 per share. Seaport Res Ptn also issued estimates for Visa’s Q3 2025 earnings at $2.83 EPS.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. Piper Sandler initiated coverage on Visa in a report on Monday, May 13th. They issued an “overweight” rating and a $322.00 target price on the stock. Macquarie upped their price objective on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. TD Cowen assumed coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Finally, Evercore ISI dropped their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Six research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $304.44.

Visa Stock Performance

Visa stock opened at $269.25 on Monday. The business has a 50 day moving average of $272.59 and a 200-day moving average of $274.23. 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 has a 1 year low of $227.68 and a 1 year high of $290.96. The company has a market capitalization of $492.44 billion, a P/E ratio of 30.08, a P/E/G ratio of 1.85 and a beta of 0.95.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Insider Buying and Selling

In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were 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 of the company’s stock, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in V. Westend Capital Management LLC bought a new position in Visa during the 1st quarter valued at approximately $25,000. Livelsberger Financial Advisory purchased a new position in shares of Visa in the 4th quarter worth about $25,000. O Brien Wealth Partners LLC bought a new position in Visa in the 4th quarter worth about $32,000. Frank Rimerman Advisors LLC bought a new stake in Visa during the 4th quarter valued at about $33,000. Finally, Abich Financial Wealth Management LLC raised its holdings in Visa by 52.9% in the first quarter. Abich Financial Wealth Management LLC now owns 133 shares of the credit-card processor’s stock worth $37,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

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.