Wall Street brokerages expect Mastercard Inc (NYSE:MA) to announce $3.86 billion in sales for the current quarter, according to Zacks. Eleven analysts have issued estimates for Mastercard’s earnings, with the lowest sales estimate coming in at $3.80 billion and the highest estimate coming in at $3.90 billion. Mastercard reported sales of $3.40 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.5%. The business is expected to report its next earnings report before the market opens on Tuesday, October 30th.

According to Zacks, analysts expect that Mastercard will report full-year sales of $14.93 billion for the current fiscal year, with estimates ranging from $14.78 billion to $15.10 billion. For the next fiscal year, analysts forecast that the company will post sales of $16.84 billion, with estimates ranging from $16.52 billion to $17.09 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Mastercard.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 26th. The credit services provider reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.13. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the business earned $1.10 earnings per share. Mastercard’s quarterly revenue was up 20.0% compared to the same quarter last year.

MA has been the topic of several recent analyst reports. Cowen reissued a “buy” rating and issued a $207.00 target price on shares of Mastercard in a research note on Friday, July 20th. Buckingham Research increased their target price on shares of Mastercard from $222.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 27th. SunTrust Banks increased their target price on shares of Mastercard to $240.00 and gave the company a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Loop Capital increased their target price on shares of Mastercard to $232.00 and gave the company a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Finally, Bank of America increased their target price on shares of Mastercard from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, July 17th. Three research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $218.86.

Shares of MA opened at $203.06 on Friday. Mastercard has a twelve month low of $140.61 and a twelve month high of $225.35. The firm has a market capitalization of $215.35 billion, a PE ratio of 44.34, a PEG ratio of 1.79 and a beta of 1.16. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Tuesday, October 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date is Friday, October 5th. Mastercard’s dividend payout ratio is presently 21.83%.

In related news, CFO Martina Hundmejean sold 69,817 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total value of $13,987,835.95. Following the transaction, the chief financial officer now owns 128,905 shares of the company’s stock, valued at approximately $25,826,116.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.32% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Richard Bernstein Advisors LLC increased its position in Mastercard by 3.5% during the 2nd quarter. Richard Bernstein Advisors LLC now owns 81,090 shares of the credit services provider’s stock valued at $15,936,000 after purchasing an additional 2,757 shares during the period. Criterion Capital Management LLC increased its position in Mastercard by 16.8% during the 2nd quarter. Criterion Capital Management LLC now owns 171,179 shares of the credit services provider’s stock valued at $33,640,000 after purchasing an additional 24,634 shares during the period. Certified Advisory Corp increased its position in Mastercard by 9.3% during the 2nd quarter. Certified Advisory Corp now owns 16,100 shares of the credit services provider’s stock valued at $3,164,000 after purchasing an additional 1,375 shares during the period. Pennsylvania Trust Co increased its position in Mastercard by 2.0% during the 3rd quarter. Pennsylvania Trust Co now owns 95,380 shares of the credit services provider’s stock valued at $21,232,000 after purchasing an additional 1,880 shares during the period. Finally, Montag A & Associates Inc. purchased a new position in Mastercard during the 2nd quarter valued at about $724,000. 74.40% of the stock is currently owned by institutional investors.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Earnings History and Estimates for Mastercard (NYSE:MA)

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