Visa (V) Set to Announce Quarterly Earnings on Tuesday

Visa (NYSE:V - Get Free Report) will post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Visa to post earnings of $2.58 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same period in the previous year, the company posted $2.16 EPS. Visa's revenue was up 9.6% compared to the same quarter last year. On average, analysts expect Visa to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Visa Price Performance

Shares of V opened at $286.85 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa has a fifty-two week low of $228.03 and a fifty-two week high of $293.07. The company has a market cap of $524.63 billion, a P/E ratio of 32.05, a PEG ratio of 2.00 and a beta of 0.96. The firm's 50 day moving average price is $277.45 and its 200 day moving average price is $272.97.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 538 shares of the company's stock, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company's stock.

Analyst Ratings Changes

V has been the topic of several recent research reports. Morgan Stanley restated an "overweight" rating and set a $322.00 price target on shares of Visa in a report on Wednesday, September 25th. Citigroup cut their target price on Visa from $321.00 to $319.00 and set a "buy" rating on the stock in a research report on Wednesday, July 24th. Oppenheimer assumed coverage on shares of Visa in a research report on Tuesday, October 1st. They set an "outperform" rating and a $318.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Visa from $290.00 to $320.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $317.00 price objective on shares of Visa in a research note on Thursday, September 12th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $314.19.

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.