Visa stock ( NYSE:V ) looks to be one Dow Jones stock that blends the potential for substantial dividend growth with a fair value.
Visa Stock: Financials do not correspond to its recent stock price drop.
Visa’s stock ( NYSE:V ) has been down 13% year to date. While this is somewhat better than the Dow Jones Industrial Average, it is still a significant drop for the payments processor considering its financial performance this year.
Visa’s fiscal year ending on September 30 will not be revealed until Tuesday, October 25, but analysts predict $7.42 in adjusted diluted profits per share (EPS). This is a 25.5% increase over the previous year.
Fears of a recession may cause a slowdown in adjusted EPS growth in the current fiscal year, which is most likely the cause of the stock price dip. Rising interest rates and soaring inflation are projected to put a damper on consumer spending and travel in the coming quarters. As a result, analysts expect Visa’s adjusted EPS growth to drop to 12.8% this fiscal year.
The good news for the corporation is that a short-term downturn will not impact long-term growth. Visa stock ( NYSE:V ) growth prospects are being boosted, as they have been for many years, by the advent of e-commerce and the trend away from cash and toward other payment options. These growth drivers explain why Boston Consulting Group predicts that the global p...
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