Visa (V) to Release Quarterly Earnings on Thursday

Visa (NYSE:V - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $2.66 per share and revenue of $9.34 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the company posted $2.33 EPS. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts expect Visa to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Visa Price Performance

NYSE:V traded up $0.26 during trading hours on Tuesday, hitting $334.80. The company's stock had a trading volume of 5,997,162 shares, compared to its average volume of 5,661,276. Visa has a twelve month low of $252.70 and a twelve month high of $337.83. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a fifty day simple moving average of $315.39 and a 200-day simple moving average of $291.29. The company has a market capitalization of $623.69 billion, a P/E ratio of 34.41, a PEG ratio of 2.17 and a beta of 0.96.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $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 owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Macquarie upped their price target on shares of Visa from $300.00 to $335.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Mizuho lifted their target price on Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Visa from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Oppenheimer lifted their price objective on Visa from $321.00 to $375.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $335.52.

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.