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Visa Inc. (V) operates as a payments technology company worldwide.
The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities.
It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
In addition, the company offers card products, as well as value-added services. It provides its services under the Visa, Visa Electron, Interlink, V PAY, and PLUS brands. Shares are sitting at their 50-day moving average and are expected to move higher in their "upward trading channel" shown in blue. The company reports its quarterly results on Thursday.
On July 23rd, the company reported 3rd Quarter June 2019 earnings of $1.37 per share on revenue of $5.8 billion. The consensus earnings estimate was $1.33 per share on revenue of $5.7 billion. Revenue grew 11.5% on a year-over-year basis.
The company said in its earnings presentation it continues to expect low double-digit revenue growth for fiscal 2019 and, with currency impact and a new revenue accounting standard, it implies revenue of approximately $23.0 billion. The current consensus estimate is revenue of $22.77 billion for the year ending September 30, 2019.
Entry Point: $175.00
Trading Range: $121.60 to $187.05
Stop Loss: $166.00
Target Price: $192.50
V closed at $187.25
