Let’s take a look at how one of our largest holdings, Visa (V), is doing. Back in April we had written an analysis article breaking down Visa’s Q2 2017 earnings report in the article: “Visa: Growth Reaffirmed.”
Prior to that article, we had written another one analyzing Visa and its growth prospects: “Visa: Growth And Room To Run.” In that article, we had stated that Visa would be a $100 stock by year end. After another strong Q3 earnings report, we see Visa fairly valued at $108/share.
On July 20, 2017 Visa reported its Q3 2017 earnings in which the company reported both a top and bottom line beat. Revenue beat by $210 million, $4.57 billion vs. an expected $4.36 billion (+ 26% Y/Y). EPS of $0.86 also came in $0.05 higher than analysts expected.
Other key earnings highlights delivered by the SA News Editors include.
- Fiscal Q3 payments volume of $1.9T was up 38% from a year ago. Cross-border volume growth up 11%, inclusive of Europe. Total processed transactions up 13%, inclusive of Europe.
- 17.8M shares bought back during quarter at an average price of $93.82 each. Another $5.5B of funds are available for share repurchase.
- Full-year fiscal 2017 adjusted EPS growth now seen at about 20%.
- Return of $2.1 billion of capital to shareholders in the form of share repurchases and dividends.