Visa Inc. (NYSE:V) Expected to Earn $1.66 Per Share in Q2 2022
Visa Inc. (NYSE: V – Get a rating) – KeyCorp research analysts raised their Q2 2022 earnings per share estimates for Visa shares in a research report released to clients and investors on Sunday, March 27. KeyCorp analyst J. Beck now expects the credit card processor to post earnings of $1.66 per share for the quarter, up from its previous forecast of $1.56. . KeyCorp also released estimates for Visa’s fourth quarter 2022 earnings at $1.86 EPS, fiscal year 2022 earnings at $7.07 EPS and fiscal year 2023 earnings at $8.34 EPS.
A number of other research analysts have also weighed in on the company recently. BNP Paribas downgraded Visa from an “outperforming” rating to a “neutral” rating and set a price target of $210.00 for the stock. in a Monday, January 10, research note. Barclays raised its price target on Visa from $250.00 to $265.00 and gave the company an “overweight” rating in a Monday, January 31 report. Erste Group upgraded Visa to a “buy” rating in a Wednesday, February 9 report. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a Tuesday, March 1 report. Finally, Exane BNP Paribas downgraded Visa from an “outperform” rating to a “neutral” rating and set a target price of $210.00 for the stock. in a report on Monday, January 10. Five research analysts gave the stock a hold rating and twenty-one gave the stock a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $267.54.
NYSE V shares opened at $228.12 on Wednesday. Visa has a one-year minimum of $186.67 and a one-year maximum of $252.67. The company has a 50-day moving average price of $216.06 and a two-hundred-day moving average price of $216.25. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt ratio of 0.53. The company has a market capitalization of $436.67 billion, a PE ratio of 37.77, a PEG ratio of 1.85 and a beta of 0.93. Visa (NYSE:V- Get a rating) last reported its quarterly earnings data on Thursday, Jan. 27. The credit card processor reported EPS of $1.81 for the quarter, beating the Zacks consensus estimate of $1.69 by $0.12. Visa had a return on equity of 40.11% and a net margin of 51.59%. The company posted revenue of $7.06 billion in the quarter, versus analyst estimates of $6.79 billion. During the same period last year, the company posted EPS of $1.42. The company’s quarterly revenue increased by 24.1% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 1. Shareholders of record on Friday, February 11 received a dividend of $0.375. The ex-dividend date was Thursday, February 10. This represents a dividend of $1.50 on an annualized basis and a yield of 0.66%. Visa’s payout ratio is 24.83%.
Separately, CAO James H. Hoffmeister sold 1,737 shares of the company in a trade dated Tuesday, February 1. The stock was sold at an average price of $231.49, for a total transaction of $402,098.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Also, the president ryan mcineney sold 6,466 shares of the company in a transaction dated Monday, March 28. The stock was sold at an average price of $220.00, for a total value of $1,422,520.00. Disclosure of this sale can be found here. In the past three months, insiders have sold 33,783 shares of the company valued at $7,489,733. Insiders hold 0.21% of the company’s shares.
A number of institutional investors and hedge funds have recently increased or reduced their stakes in V. Norges Bank bought a new stake in Visa in the fourth quarter worth approximately $2,740,577,000. TCI Fund Management Ltd. increased its stake in Visa by 41.8% in the third quarter. TCI Fund Management Ltd. now owns 19,939,311 shares of the credit card processor valued at $4,441,482,000 after purchasing an additional 5,881,421 shares during the period. Lone Pine Capital LLC bought a new stake in Visa in the fourth quarter worth approximately $1,047,495,000. Nordea Investment Management AB increased its stake in Visa by 113.1% in the third quarter. Nordea Investment Management AB now owns 7,068,318 shares of the credit card processor valued at $1,603,166,000 after buying an additional 3,751,620 shares during the period. Finally, GQG Partners LLC increased its stake in Visa by 46.2% in the fourth quarter. GQG Partners LLC now owns 11,289,146 shares of the credit card processor valued at $2,446,122,000 after purchasing an additional 3,567,771 shares during the period. Institutional investors and hedge funds hold 81.28% of the company’s shares.
About Visa (Get a rating)
Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information between the global network of consumers, merchants, financial institutions, businesses, strategic partners and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions and global automated teller machines (ATMs).
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Visa right now?
Before you consider Visa, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Visa wasn’t on the list.
Although Visa currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here