Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Visa    V

VISA (V)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Visa's profit boosted by Europe unit, big card portfolio wins

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/21/2017 | 01:45am CEST
A Visa logo is seen on a Formula E racing car during a news conference to present the partnership between Enel Group and FIA Formula E Championship at the MAXXI National Museum  in Rome, Italy

(Reuters) - Visa Inc (>> Visa Inc) on Thursday reported better-than-expected quarterly earnings and said it expects full-year profit at the high end of its forecast, as it benefits from the purchase of Visa Europe and big credit-card portfolio wins back home.

(Reuters) - Visa Inc (>> Visa Inc) on Thursday reported better-than-expected quarterly earnings and said it expects full-year profit at the high end of its forecast, as it benefits from the purchase of Visa Europe and big credit-card portfolio wins back home.

Shares of Visa, the world's largest payments network operator, were up 2.5 percent at $93.45 in trading after the bell, after it also announced a $5 billion share buyback program.

The company said total payments volume jumped 37.2 percent to $1.73 trillion in the second quarter ended March 31, on a constant dollar basis.

San Francisco-based Visa, like rival MasterCard (>> Mastercard Inc) generates revenue by facilitating credit- and debit-card transactions.

The growth in payments volume was helped by the addition to Visa's results of Visa Europe, a former subsidiary Visa bought in June last year in a deal worth as much as $23 billion.

Visa Europe made up nearly a fifth of total payments volume.

Payments volume in the United States, Visa's biggest market, increased 11.7 percent on a constant dollar basis, helped both by major portfolio contracts as well as a stronger economy.

Warehouse club retailer Costco (>> Costco Wholesale Corporation) and USAA, one of the largest U.S. issuers of credit and debit cards, switched their card portfolios to Visa last year, in a competitive environment where large portfolios are hotly sought-after by payment networks.

A healthier U.S. economy, which has seen strong jobs growth and rising incomes in the first quarter of 2017, bodes well for consumer spending — a key economic indicator for payments processors like Visa.

The trends, while boosting quarterly profit and revenue, also helped Visa update its full-year forecast. The company now expects adjusted profit at the high end of its forecast for a mid-teens percentage point increase.

Visa also said it expects full-year revenue at the high end of its forecast for a 16-18 percent increase.

Net income fell to $430 million or 18 cents per Class A share in the second quarter, from $1.71 billion or 71 cents per Class A share, a year earlier, reflecting a $1.5 billion one-time charge related to Visa Europe.

Excluding one-time items, Visa earned 86 cents per Class A share, beating analysts' average estimate of 79 cents, according to Thomson Reuters I/B/E/S.

Net operating revenue rose 23.5 percent to $4.48 billion. Analysts on average had expected $4.29 billion.

Visa's stock — a Dow component — had climbed 12.3 percent in the 12 months through Thursday.

(Reporting by Nikhil Subba in Bengaluru; Editing by Sai Sachin Ravikumar)

By Nikhil Subba

Stocks treated in this article : Costco Wholesale Corporation, Mastercard Inc, Visa Inc
Stocks mentioned in the article
ChangeLast1st jan.
COSTCO WHOLESALE CORPORATION 0.10% 199.069 Delayed Quote.6.86%
MASTERCARD -0.53% 190.82 Delayed Quote.26.79%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VISA
05/24VISA : Makes Strategic Investment in YellowPepper to Accelerate Adoption of Mobi..
BU
05/22VISA : European Visa Cardholders Save on Hotel Bookings with Free Access to Bidr..
AQ
05/22VISA : Modern Finance Chain Launches Service To Rival Visa/Mastercard Payments
AQ
05/21VISA : Former CEO Of Visa UK To Head Crypto Startup
AQ
05/17VISA : Peninsula Clean Energy Provides Visa Corporate Campus 100% Renewable Elec..
AQ
05/17VISA : Ex-dividend day for
FA
05/15VISA CASHLESS CHALLENGE : International Travel Edition Search to Send One Lucky ..
BU
05/15U.S. says Centra Tech co-founders indicted for cryptocurrency fraud
RE
05/12VISA : Returns Zlatan Ibrahimović to the 2018 FIFA World Cup Russia™
AQ
05/11CONTACTLESS PAYMENT : New technology to reduce use of cash in LatAm
AQ
More news
News from SeekingAlpha
05/24The No. 1 Stock In The World (Revisited) - Visa And Apple Up, Kinder Morgan A.. 
05/24THE 30+1 PORTFOLIO : An Average Investor's Reasoning For Buying A Stock - My Inv.. 
05/24Visa makes strategic investment in Yellowpepper 
05/23CHINA'S PAYMENT APPS SCARE U.S. BANK : Bloomberg 
05/22DIVIDEND SENSEI'S PORTFOLIO UPDATE 3 : If You Want To Get Rich, Follow The Data 
Financials ($)
Sales 2018 20 495 M
EBIT 2018 13 777 M
Net income 2018 10 462 M
Debt 2018 8 397 M
Yield 2018 0,63%
P/E ratio 2018 29,34
P/E ratio 2019 25,38
EV / Sales 2018 14,9x
EV / Sales 2019 13,4x
Capitalization 298 B
Chart VISA
Duration : Period :
Visa Technical Analysis Chart | V | US92826C8394 | 4-Traders
Technical analysis trends VISA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 141 $
Spread / Average Target 6,6%
EPS Revisions
Managers
NameTitle
Alfred F. Kelly Chief Executive Officer & Director
Ryan McInerney President
Robert W. Matschullat Independent Chairman
Vasant M. Prabhu Chief Financial Officer & Executive Vice President
Rajat Taneja Executive Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
VISA14.59%297 663
MASTERCARD26.79%200 506
PAYPAL HOLDINGS10.36%96 831
PALO ALTO NETWORKS INC42.83%19 210
MIMECAST LTD46.01%2 437
XIAMEN MEIYA PICO INFORMATION CO LTD--.--%1 400