威廉·布莱尔(纽约证券交易所代码:V)降低了 Visa Inc. 2023 年第三季度每股收益预期

威廉·布莱尔(纽约证券交易所代码:V)降低了 Visa Inc. 2023 年第三季度每股收益预期
2023年01月30日 15:11 富途牛牛综合

Visa Inc. (NYSE:V – Get Rating) – Stock analysts at William Blair dropped their Q3 2023 earnings per share (EPS) estimates for Visa in a research note issued on Friday, January 27th. William Blair analyst R. Napoli now anticipates that the credit-card processor will post earnings per share of $2.04 for the quarter, down from their prior forecast of $2.18. The consensus estimate for Visa's current full-year earnings is $8.34 per share. William Blair also issued estimates for Visa's Q1 2024 earnings at $2.37 EPS, Q2 2024 earnings at $2.35 EPS, Q3 2024 earnings at $2.41 EPS and Q4 2024 earnings at $2.52 EPS.

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Visa (NYSE:V – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.17. Visa had a return on equity of 50.70% and a net margin of 50.28%. The firm had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.70 billion. During the same quarter last year, the company posted $1.81 earnings per share. The business's revenue was up 11.9% on a year-over-year basis.

A number of other equities research analysts have also weighed in on V. Morgan Stanley lifted their price objective on Visa from $284.00 to $288.00 and gave the company an "overweight" rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective on Visa from $243.00 to $265.00 and gave the company an "overweight" rating in a report on Friday. Wolfe Research lifted their price objective on Visa from $240.00 to $255.00 in a report on Thursday, January 5th. Redburn Partners started coverage on Visa in a report on Tuesday, November 29th. They issued a "sell" rating on the stock. Finally, Credit Suisse Group lifted their price objective on Visa from $245.00 to $250.00 and gave the company an "outperform" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $258.19.

Visa Stock Performance

NYSE V opened at $231.44 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.61. Visa has a 52-week low of $174.60 and a 52-week high of $250.58. The business's 50-day moving average price is $213.91 and its 200 day moving average price is $205.11. The firm has a market cap of $435.91 billion, a P/E ratio of 32.37, a P/E/G ratio of 1.86 and a beta of 0.95.

Visa declared that its board has approved a stock repurchase program on Tuesday, October 25th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit-card processor to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Friday, February 10th will be given a $0.45 dividend. This is a positive change from Visa's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, February 9th. Visa's dividend payout ratio (DPR) is 25.17%.

Insider Activity at Visa

In other news, President Ryan Mcinerney sold 58,197 shares of the business's stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $62.47, for a total transaction of $3,635,566.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President Ryan Mcinerney sold 58,197 shares of Visa stock in a transaction on Monday, January 9th. The shares were sold at an average price of $62.47, for a total transaction of $3,635,566.59. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rajat Taneja sold 25,627 shares of the company's stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $216.67, for a total transaction of $5,552,602.09. Following the sale, the insider now directly owns 232,112 shares of the company's stock, valued at $50,291,707.04. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Institutional Trading of Visa

A number of institutional investors have recently added to or reduced their stakes in V. Domani Wealth LLC raised its stake in Visa by 2.7% during the fourth quarter. Domani Wealth LLC now owns 1,729 shares of the credit-card processor's stock worth $359,000 after acquiring an additional 46 shares during the period. Pitti Group Wealth Management LLC grew its position in Visa by 1.2% in the 4th quarter. Pitti Group Wealth Management LLC now owns 3,802 shares of the credit-card processor's stock worth $790,000 after purchasing an additional 46 shares during the last quarter. 1ST Source Bank grew its position in Visa by 0.3% in the 2nd quarter. 1ST Source Bank now owns 14,266 shares of the credit-card processor's stock worth $2,809,000 after purchasing an additional 47 shares during the last quarter. Austin Private Wealth LLC grew its position in Visa by 1.4% in the 2nd quarter. Austin Private Wealth LLC now owns 3,522 shares of the credit-card processor's stock worth $693,000 after purchasing an additional 49 shares during the last quarter. Finally, Copperleaf Capital LLC grew its position in Visa by 0.6% in the 2nd quarter. Copperleaf Capital LLC now owns 7,968 shares of the credit-card processor's stock worth $1,569,000 after purchasing an additional 49 shares during the last quarter. 81.87% of the stock is owned by hedge funds and other institutional investors.

Visa Company Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a 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).

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