VISA, INC.

(V)
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Delayed Nyse  -  04:00 2022-08-17 pm EDT
214.52 USD   -1.21%
01:22aPeppermint Signs Exclusive Agreement with Visa
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VISA INC. : Other Events (form 8-K)

06/28/2022 | 04:13pm EDT

Item 8.01 Other Events.

On June 24, 2022, the board of directors of Visa Inc. (the "Company") authorized the deposit of $600 million into the litigation escrow account previously established under the Company's U.S. retrospective responsibility plan (the "Plan"). Under the terms of the Plan, when the Company funds the U.S. litigation escrow account, the value of the Company's class B shares - which are held exclusively by U.S. financial institutions and their affiliates and successors - are subject to dilution through a downward adjustment to the conversion rate of the shares of class B common stock to shares of class A common stock. This has the same effect on earnings per share as repurchasing the Company's class A common stock, by reducing the class B conversion rate and consequently the as-converted class A common stock share count by the deposit amount. The deposit and the adjustment to the class B conversion rate will be conducted in accordance with the Company's certificate of incorporation currently in effect.

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Analyst Recommendations on VISA, INC.
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Financials (USD)
Sales 2022 29 094 M - -
Net income 2022 14 982 M - -
Net Debt 2022 5 091 M - -
P/E ratio 2022 30,6x
Yield 2022 0,69%
Capitalization 444 B 444 B -
EV / Sales 2022 15,4x
EV / Sales 2023 13,7x
Nbr of Employees 21 500
Free-Float 78,7%
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Technical analysis trends VISA, INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 34
Last Close Price 214,52 $
Average target price 258,48 $
Spread / Average Target 20,5%
EPS Revisions
Managers and Directors
Alfred F. Kelly Chairman & Chief Executive Officer
Ryan McInerney President
Vasant M. Prabhu Vice Chairman & Chief Financial Officer
Rajat Taneja President-Technology
Kelly Mahon Tullier Vice Chairman, Secretary & Chief People Officer
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