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News Breaks | | | | February 6, 2013 | | 14:15 EDT |  | V | Earnings Preview: Visa to report results after MasterCard beat expectations
Visa (V) is expected to report Q1 earnings after the market close on Wednesday, February 6 with a conference call scheduled for 5 pm ET on February 6. Visa is a credit card network... EXPECTATIONS: Analysts are looking for EPS of $1.79 on revenue of $2.82B. The consensus range is $1.73-$1.85 for EPS, and $2.74B-$2.87B for revenue, according to First Call... LAST QUARTER: Visa reported Q4 EPS of $1.54 against estimates for $1.50 on revenue of $2.73B against estimates for $2.68B. The company also predicted that its net revenue growth for the current fiscal year would be in the low double digits, and provided adjusted annual operating margin of about 60% for the current fiscal year. During the quarter the company removed an overhang by obtaining final approval for a settlement over merchants' swipe fee lawsuit against it. Under the deal Visa will lose about $4.4B, the company stated... STREET RESEARCH AND NEWS: Visa competitor and peer MasterCard (MA) on January 31 reported slightly stronger than expected Q4 results, and the company announced on February 5 that it would double its dividend to 60c from 30c Analysts have had mixed assessments of Visa in recent weeks. Wells Fargo on February 5 predicted that the company would report stronger than expected Q1 results, driven by a 10% increase in credit revenue and 8% growth in international transactions. The firm, however, also predicted that the credit card network's operating margin would fall slightly due to a 15% increase in operating expenses. Wells maintained an Outperform rating on the shares. Sterne Agee on February 4 said that it expected Visa to report "largely in-line" results, although it believes the company could beat the consensus outlook. The firm expects the company's conference call to be upbeat, and maintained a $175 price target and Buy rating on the shares. In an upbeat note Goldman Sachs on January 8 upgraded Visa to Conviction Buy from Buy, citing the company's leading position in payments, increased confidence in long-term transaction volume, and strong capital allocation prospects. The firm increased its price target on the shares to $188 from $160... PRICE ACTION: Visa has outperformed the market in the last three months, rising 11%. | |
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News For V From The Last 14 Days Check below for free stories on V the last two weeks. |
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| May 15, 2013 | | 17:46 EDT |  | V | SAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), . | | | May 14, 2013 | | 09:17 EDT |  | V | Visa prepared to enter China, China Daily reports
 Subscribe for More Information | | | 06:44 EDT | | V | Visa Europe offers to reduce inter-bank fees, Reuters says
Visa Europe, the European licensee of Visa (V), is prepared to reduce its interbank credit fees by 50% for four years in order to terminate an EU antitrust probe and prevent itself from possibly being fined, according to Reuters. The reduction would lower Visa Europe's interbank credit fees to 0.3%, the same level as that of MasterCard (MA), EU stated, Reuters reported. Reference Link | | | 05:40 EDT |  | V | Visa price target raised to $196 from $177 at Deutsche Bank
Subscribe for More Information | | | May 13, 2013 | | 07:59 EDT |  | V | Visa management to meet with Deutsche Bank
Meeting to be held in New York on May 13 hosted by Deutsche Bank. | | | May 7, 2013 | | 10:43 EDT | | V | SmartMetric claims $13.4B in patent infringement suit brought against Visa, MasterCard
Subscribe for More Information | | | 07:31 EDT | | V | Susquehanna to host a conference
Subscribe for More Information | | | 05:45 EDT | | V | Visa looks abroad for growth, WSJ reports
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