Market Update: Visa Inc (NYSE:V) – Visa Inc. To Announce Fiscal Third Quarter 2016 Financial Results on July 21, 2016

[Business Wire] – Visa Inc. will report its fiscal third quarter 2016 financial results on Thursday, July 21, 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 $178.34B, opened at $74.25. During the trading session, V traded between $73.83 to $74.97 with its 52-week range being $60.00 to $81.73. V shares are currently priced at 26.79x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 23.10x forward p/e ratio. The company pays shareholders $0.56 per share in dividend income per year, for a current yield of 0.75%. Consensus earnings for the current quarter by the 31 sell-side analysts covering the stock is an estimate of $0.67 per share, which would be $0.07 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $2.78 which would be a $0.16 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.67 Billion. If reported, that would be a 4.26% increase over the year-ago quarter. In terms of ratings, Compass Point Initiated V at Neutral (Apr 15, 2016). Previously, BofA/Merrill downgraded V from Buy to Neutral. The average price target for V shares by the analysts covering the stock is $88.50, which is 19.19% above where the stock opened this morning. See more in (NYSE:V) Similar Articles: Market Update: Visa Inc (NYSE:V) – Visa Checkout Expands Presence Across Top Travel, Tourism and Fashion Sites Stock Update: Visa Inc (NYSE:V) – Credit Services Equities Technical Coverage — Visa, Synchrony Financial, PayPal Holdings, and LendingClub Market Update (NYSE:V): Visa Inc. To Announce Fiscal First Quarter 2016 Financial Results on January 28, 2016