Equities research analysts predict that Mastercard Inc (NYSE:MA) will report earnings per share of $1.52 for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for Mastercard’s earnings, with the highest EPS estimate coming in at $1.62 and the lowest estimate coming in at $1.41. Mastercard posted earnings of $1.14 per share during the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The business is scheduled to announce its next earnings report on Thursday, February 7th.

On average, analysts expect that Mastercard will report full-year earnings of $6.43 per share for the current financial year, with EPS estimates ranging from $6.28 to $6.56. For the next year, analysts forecast that the firm will post earnings of $7.53 per share, with EPS estimates ranging from $7.19 to $7.70. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Mastercard.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 earnings per share.

A number of equities analysts have recently weighed in on MA shares. Royal Bank of Canada boosted their price objective on shares of Mastercard from $223.00 to $232.00 and gave the company an “outperform” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Goldman Sachs Group raised shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a research report on Monday, September 17th. BMO Capital Markets started coverage on shares of Mastercard in a research report on Wednesday, September 26th. They issued an “outperform” rating and a $238.00 price objective for the company. Wells Fargo & Co boosted their price objective on shares of Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. Finally, Credit Suisse Group boosted their price objective on shares of Mastercard from $210.00 to $224.00 and gave the company an “outperform” rating in a research report on Monday, October 8th. Three analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $221.28.

NYSE:MA opened at $196.50 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $209.65 billion, a PE ratio of 33.39, a PEG ratio of 1.74 and a beta of 1.21. Mastercard has a 1-year low of $149.17 and a 1-year high of $225.35.

Mastercard announced that its board has initiated a share repurchase plan on Tuesday, December 4th that authorizes the company to repurchase $6.50 million in shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Investors of record on Wednesday, January 9th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.67%. This is an increase from Mastercard’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, January 8th. Mastercard’s payout ratio is presently 21.83%.

In related news, Director Richard K. Davis bought 2,475 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was purchased at an average cost of $196.37 per share, for a total transaction of $486,015.75. Following the completion of the acquisition, the director now owns 3,468 shares in the company, valued at $681,011.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. grew its stake in Mastercard by 108.6% during the third quarter. Marshall Wace North America L.P. now owns 167,713 shares of the credit services provider’s stock worth $37,335,000 after buying an additional 87,311 shares during the period. Great Lakes Advisors LLC boosted its stake in shares of Mastercard by 24.6% in the third quarter. Great Lakes Advisors LLC now owns 19,286 shares of the credit services provider’s stock valued at $4,293,000 after purchasing an additional 3,813 shares during the period. Carnegie Capital Asset Management LLC boosted its stake in shares of Mastercard by 23.0% in the third quarter. Carnegie Capital Asset Management LLC now owns 125,511 shares of the credit services provider’s stock valued at $25,058,000 after purchasing an additional 23,459 shares during the period. Belpointe Asset Management LLC boosted its stake in shares of Mastercard by 340.8% in the third quarter. Belpointe Asset Management LLC now owns 13,399 shares of the credit services provider’s stock valued at $2,983,000 after purchasing an additional 10,359 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Mastercard by 0.9% in the third quarter. Vanguard Group Inc. now owns 69,297,171 shares of the credit services provider’s stock valued at $15,426,244,000 after purchasing an additional 609,214 shares during the period. Institutional investors own 74.84% of the company’s stock.

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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