Visa's Very Real Catalyst for Growth
In what has surely become a familiar story for shareholders, Visa Inc (NYSE: V) once again reported a stellar quarter late last month. Looking over the company's numbers from its fiscal fourth-quarter earnings release shows one result after another for which Visa delivered powerful numbers. Net operating revenues rose to $4.9 billion, a 14% increase year over year. Payment volume across Visa's vast network rose to $1.93 trillion, a 10% increase year over year, driven by a 13% increase in processed transactions. Plenty of this fell to the bottom line, where Visa showed a 14% increase in diluted EPS to $0.90.
The solid results pushed Visa's stock price higher, and it's now up more than 40% year to date, more than doubling the S&P 500's returns this calendar year. While there are several factors currently fueling the company's performance, after going through the conference call transcript provided by S&P Global Market Intelligence, Visa's seamless integration with Visa Europe is playing a huge role in its success. Let's take a closer look at the results Visa is seeing in Europe that has so many investors bullish on the company's future.
Source: Fool.com
Visa Inc. A Stock
With 42 Buy predictions and not a single Sell prediction Visa Inc. A is an absolute favorite of our community.
As a result the target price of 279 € shows a slightly positive potential of 11.85% compared to the current price of 249.45 € for Visa Inc. A.
