Mastercard Incorporated (NYSE:MA) Expected to Post Earnings of $1.21 Per Share
Equities research analysts predict that Mastercard Incorporated (NYSE:MA) will report $1.21 earnings per share for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Mastercard’s earnings. The highest EPS estimate is $1.25 and the lowest is $1.16. Mastercard posted earnings of $1.08 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 12%. The company is expected to announce its next earnings report on Friday, October 27th.
On average, analysts expect that Mastercard will report full-year earnings of $4.36 per share for the current year, with EPS estimates ranging from $4.27 to $4.44. For the next financial year, analysts forecast that the company will report earnings of $5.04 per share, with EPS estimates ranging from $4.88 to $5.16. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Mastercard.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. Mastercard’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS.
MA has been the topic of several research analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, April 14th. Vetr cut shares of Mastercard from a “buy” rating to a “hold” rating and set a $116.99 price target on the stock. in a research report on Monday, April 17th. Zacks Investment Research cut shares of Mastercard from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Barclays PLC increased their price target on shares of Mastercard from $124.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 25th. Finally, Cowen and Company increased their price target on shares of Mastercard from $122.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $128.20.
Shares of Mastercard (MA) traded down 0.05% during mid-day trading on Friday, reaching $129.82. The company’s stock had a trading volume of 2,208,103 shares. The firm has a 50-day moving average of $124.99 and a 200-day moving average of $116.49. Mastercard has a 52 week low of $94.41 and a 52 week high of $132.20. The firm has a market capitalization of $138.24 billion, a PE ratio of 32.21 and a beta of 1.17.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Wednesday, July 5th. Mastercard’s dividend payout ratio is 21.78%.
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In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction on Monday, July 17th. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the completion of the sale, the insider now owns 112,736,681 shares of the company’s stock, valued at approximately $14,272,463,814.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold a total of 704,433 shares of company stock valued at $90,655,568 in the last three months. Company insiders own 0.30% of the company’s stock.
Large investors have recently modified their holdings of the stock. Pennsylvania Trust Co boosted its stake in shares of Mastercard by 1.6% in the first quarter. Pennsylvania Trust Co now owns 20,733 shares of the credit services provider’s stock worth $2,332,000 after buying an additional 335 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its position in Mastercard by 1.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock valued at $1,512,000 after buying an additional 160 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Mastercard by 467.1% in the fourth quarter. Perigon Wealth Management LLC now owns 5,671 shares of the credit services provider’s stock valued at $634,000 after buying an additional 4,671 shares during the last quarter. Adviser Investments LLC bought a new position in Mastercard during the first quarter valued at approximately $727,000. Finally, Linscomb & Williams Inc. boosted its position in Mastercard by 5.7% in the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock valued at $1,262,000 after buying an additional 603 shares during the last quarter. 75.68% of the stock is owned by institutional investors.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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