Dallas, Texas 04/03/2014 (FINANCIALSTRENDS) – Visa Europe is expected to slice down the rate that it charges for card transactions in Poland. It is also known as the interchange rate. The increase has been done of 0.5% ,from 1.2 to 1.3 percent. The reduction will be effective from 1rst of July.
Visa Inc (NYSE:V), has been recently valued at $136.20Billion. If one looks at the recent trends in the market Looking at today’s market, Visa Inc (NYSE: V) one day trading ranges from $211.67 to $215.55 and the company has traded between $161.27 and $235.50 over the past one year.
Visa Inc (NYSE:V) shares are at present priced at 24.30x and this forecasting makes the company’s stock relatively expensive compared to the industry’s 16.37x. For the people who invest their incomes, the company pays to their shareholders $1.60 per share per year in the form of dividends, with a yield of 0.80%.
The recent analysis and a common consensus
According to a common opinion of 29 analysts, the estimated earnings are of $2.18 per share. This estimate is $0.26 better than the same quarter an year-ago.
Lawsuit from Wal-Mart
Walmart has sued Visa Inc (NYSE:V)for a total of $5 Billion USD. This is with regard to a allegedly high amount of card swipe fees taken by Visa during the various retail transactions of wall mart. There was no immediate response from the Visa Inc (NYSE:V) for this suit. Meanwhile, Visa Inc (NYSE:V) has declared that there would be a reduction in the interchange rate in Poland from July 1.
Results to be announced:
The fiscal Q2 financial results of Visa Inc (NYSE:V) is scheduled to be reported on April 24th by Visa Inc (NYSE:V). This would also be posted in the company website.