Visa (NYSE:V – Get Free Report) will release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Visa to post earnings of $2.58 per share for the quarter. Persons 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 data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.42. The business had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.16 EPS. On average, analysts expect Visa to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Visa Stock Performance
Shares of V opened at $286.85 on Tuesday. The stock’s 50-day simple moving average is $277.45 and its 200 day simple moving average is $272.97. Visa has a 52-week low of $228.03 and a 52-week high of $293.07. The stock has a market capitalization of $524.63 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37.
Analyst Upgrades and Downgrades
View Our Latest Report on Visa
Insiders Place Their Bets
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.19% of the company’s stock.
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.
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