Mastercard Incorporated (MA) Expected to Post Earnings of $1.22 Per Share
Brokerages expect that Mastercard Incorporated (NYSE:MA) will announce earnings of $1.22 per share for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Mastercard’s earnings. The highest EPS estimate is $1.26 and the lowest is $1.18. Mastercard reported earnings per share of $1.08 in the same quarter last year, which suggests a positive year-over-year growth rate of 13%. The firm is expected to announce its next quarterly earnings results before the market opens on Tuesday, October 31st.
According to Zacks, analysts expect that Mastercard will report full-year earnings of $4.42 per share for the current year, with EPS estimates ranging from $4.33 to $4.50. For the next year, analysts anticipate that the firm will report earnings of $5.20 per share, with EPS estimates ranging from $4.98 to $5.35. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Mastercard.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The business’s quarterly revenue was up 13.3% on a year-over-year basis.
A number of research analysts recently weighed in on the company. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Guggenheim raised Mastercard from a “neutral” rating to a “buy” rating and increased their target price for the stock from $135.00 to $153.00 in a report on Monday, September 11th. Citigroup Inc. increased their target price on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, June 19th. BMO Capital Markets increased their target price on Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, Barclays PLC increased their target price on Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $142.34.
Mastercard (MA) traded up 0.71% during mid-day trading on Friday, reaching $141.20. 2,603,199 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $133.90 and a 200-day moving average price of $122.61. Mastercard has a 52 week low of $99.51 and a 52 week high of $143.59. The stock has a market cap of $150.36 billion, a P/E ratio of 35.04 and a beta of 1.18.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.62%. Mastercard’s dividend payout ratio is currently 21.78%.
In other news, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the sale, the insider now owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction that occurred 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 sale, the insider now directly owns 112,736,681 shares of the company’s stock, valued at approximately $14,272,463,814.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 864,668 shares of company stock valued at $111,589,106. 0.30% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MA. Glassman Wealth Services grew its holdings in shares of Mastercard by 0.3% during the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after buying an additional 6 shares during the last quarter. Norway Savings Bank lifted its position in Mastercard by 1.1% during the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 10 shares during the period. Proficio Capital Partners LLC lifted its position in Mastercard by 1.3% during the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 12 shares during the period. Genesee Valley Trust Co. lifted its position in Mastercard by 0.3% during the first quarter. Genesee Valley Trust Co. now owns 6,246 shares of the credit services provider’s stock valued at $702,000 after purchasing an additional 18 shares during the period. Finally, Concert Wealth Management Inc. lifted its position in Mastercard by 0.3% during the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after purchasing an additional 18 shares during the period. 76.04% of the stock is currently owned by institutional investors and hedge funds.
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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