Market Update (NYSE:V): Visa Inc. To Announce Fiscal First Quarter 2016 Financial Results on January 28, 2016

[Business Wire] – Visa Inc. will report its fiscal first quarter 2016 financial results on Thursday, January 28, 2016. The results, along with accompanying financial information, will be released after market close and posted on the Visa Investor Relations website. Read more on this. Visa Inc. (V) , valued at $185.30B, started trading this morning at $76.25. Shares have traded today between $75.54 and $76.51 per share and has traded between $60.00 and $81.01 over the past 12 months. Priced at 26.28x this year’s forecasted earnings, V shares are relatively expensive compared to the industry’s 24.19x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.56 per share annually in dividends, yielding 0.72%. In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $0.69 per share, which would be $0.06 better than the year-ago quarter and a $0.04 sequential decrease. Investors should also note that the full-year EPS estimate of $2.88 is a $0.26 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.63 Billion. If reported, that would be a 7.40% increase over the year-ago quarter. More recently, Sterne Agee CRT Initiated V at Buy (Dec 17, 2015). Previously, Credit Agricole Initiated V at to Outperform. Given all the information above, we should disclose to readers that the average price target is $86.47, which is 13.40% above than it opened this morning. See more in (NYSE:V) Similar Articles: Market Update: Visa Inc (NYSE:V) – UPDATE – Visa and Movember Put ‘Mo Fun’ in Unique Fundraising Campaign Market Update: Visa Inc (NYSE:V) – Australia court fines Visa arm $12.6 mln, cites anti-competitive conduct Market Update: Visa Inc (NYSE:V) – Visa Inc. Survey: Tooth Fairy Fluttering Down To Earth