Visa (V) Set to Announce Earnings on Tuesday

Visa (NYSE:V) is scheduled to report its earnings after the stock market closes on Tuesday, October 29th. Analysts are anticipating that Visa will reveal earnings of $2.58 per share for the quarter. Those interested in joining the company's earnings conference call can register through an available link.

Current Stock Performance

As of Monday, Visa's shares opened at $281.73. The company shows a quick ratio and current ratio of 1.37 each, along with a debt-to-equity ratio of 0.54. Over the last twelve months, Visa's stock has reached a low of $228.03 and a high of $293.07. The firm's market capitalization stands at $515.27 billion, with a PE ratio of 31.48 and a price-to-earnings-growth ratio of 1.96. The stock has a beta of 0.96, with the fifty-day simple moving average at $279.02 and the two-hundred-day simple moving average at $273.16.

Executive Stock Transactions

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa on September 3rd. The shares were sold at an average price of $276.37, totaling about $2,382,309.40. After this transaction, the CEO now holds 538 shares of Visa, valued around $148,687.06, reflecting no significant change in their ownership stake. This transaction has been disclosed in a filing with the SEC.

Analyst Ratings Overview

Several brokerage firms have recently updated their reports on Visa. The Goldman Sachs Group has maintained a "buy" rating and set a target price of $317.00 for the shares. Similarly, JPMorgan Chase & Co. raised their price target on Visa from $290.00 to $320.00, assigning it an "overweight" rating. Jefferies Financial Group adjusted their target from $325.00 to $300.00 and kept a "buy" rating. Morgan Stanley has reiterated an "overweight" rating as well, setting a price target of $322.00. Bank of America has increased its target for Visa from $279.00 to $308.00, giving a neutral rating. Currently, four analysts rate the stock as a hold, twenty-three as a buy, and two offer a strong buy rating. According to MarketBeat data, Visa holds an average rating of "Moderate Buy" and a consensus price target of $314.19.

About Visa Inc.

Visa Inc. operates as a leading payment technology company both in the U.S. and internationally. It runs VisaNet, a transaction processing network that facilitates authorization, clearing, and settlement of payment transactions. Visa provides various products including credit, debit, and prepaid cards, as well as services related to payment solutions like Visa Direct and Visa B2B Connect. They also offer a wide range of value-added services that include fraud prevention, dispute management, and data analytics.

Visa, Earnings, Finance