Visa Inc (NYSE:V) is set to issue its Q116 quarterly earnings data before the market opens on Thursday, January 28th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $3.63 billion for the quarter.

Visa (NYSE:V) last posted its quarterly earnings results on Monday, November 2nd. The credit-card processor reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.56 billion. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.18 earnings per share. On average, analysts expect Visa to post $2.87 EPS for the current fiscal year and $3.33 EPS for the next fiscal year.

In other Visa news, EVP William M. Sheedy sold 60,930 shares of the company’s stock in a transaction that occurred on Wednesday, December 16th. The stock was sold at an average price of $79.47, for a total value of $4,842,107.10. Following the completion of the sale, the executive vice president now owns 235,528 shares of the company’s stock, valued at $18,717,410.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

An institutional investor recently raised its position in Visa stock. Simplex Trading increased its stake in shares of Visa Inc (NYSE:V) by 65.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,812 shares of the credit-card processor’s stock after buying an additional 20,441 shares during the period. Simplex Trading’s holdings in Visa were worth $4,018,000 as of its most recent SEC filing.

Several analysts have recently commented on V shares. Barclays raised their price objective on shares of Visa from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 5th. Vetr raised shares of Visa from a “buy” rating to a “strong-buy” rating and set a $77.79 price objective for the company in a research report on Monday, September 28th. Zacks Investment Research downgraded shares of Visa from a “hold” rating to a “sell” rating in a research report on Tuesday, November 3rd. Oppenheimer raised their price objective on shares of Visa from $81.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, October 19th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $79.00 price objective (down previously from $91.00) on shares of Visa in a research report on Monday, October 19th. Four investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $83.80.

Shares of Visa Inc (NYSE:V) opened at 71.8867 on Tuesday. Visa Inc has a 52-week low of $60.00 and a 52-week high of $81.01. The firm’s 50-day moving average is $75.92 and its 200 day moving average is $74.60. The company has a market capitalization of $174.72 billion and a price-to-earnings ratio of 27.7127.

Visa Inc. is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders, such as pay now with debit, pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital, eCommerce and mobile products and services.

12 Month Chart for NYSE:V

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