Visa (NYSE:V) Releases Earnings Results, Beats Estimates By $0.09 EPS

Visa (NYSE:V) posted its earnings results on Thursday. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09, Zacks reports. Visa had a return on equity of 53.16% and a net margin of 54.96%.

Visa Price Performance

V stock traded up $7.38 during midday trading on Thursday, hitting $343.26. 7,858,896 shares of the stock were exchanged, compared to its average volume of 5,736,813. The stock’s 50-day moving average price is $316.43 and its 200-day moving average price is $292.09. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $639.46 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.17 and a beta of 0.96. Visa has a fifty-two week low of $252.70 and a fifty-two week high of $344.44.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on V shares. Barclays raised their target price on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Bank of America lifted their price target on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Morgan Stanley raised their price target on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods lifted their price target on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Piper Sandler upped their price target on shares of Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $335.52.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

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.