Mastercard Incorporated (MA) Expected to Announce Earnings of $1.12 Per Share
Equities analysts expect Mastercard Incorporated (NYSE:MA) to post earnings per share of $1.12 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Mastercard’s earnings, with the highest EPS estimate coming in at $1.17 and the lowest estimate coming in at $1.05. Mastercard posted earnings of $0.86 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 30.2%. The firm is expected to report its next quarterly earnings results on Tuesday, January 30th.
According to Zacks, analysts expect that Mastercard will report full year earnings of $4.54 per share for the current fiscal year, with EPS estimates ranging from $4.37 to $4.62. For the next year, analysts expect that the company will report earnings of $5.32 per share, with EPS estimates ranging from $5.07 to $5.48. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Mastercard.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 earnings per share.
Several research firms recently issued reports on MA. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $145.00 price objective on shares of Mastercard in a research report on Friday, September 8th. Nomura raised their price objective on shares of Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Citigroup Inc. raised their price objective on shares of Mastercard from $157.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Susquehanna Bancshares Inc restated a “positive” rating and set a $158.00 price objective (up from $149.00) on shares of Mastercard in a research report on Friday, September 8th. Finally, Guggenheim upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $135.00 to $153.00 in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $157.68.
In related news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the sale, the director now owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of the firm’s 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 directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,000 shares of company stock worth $3,582,984. 0.30% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. American Beacon Advisors Inc. acquired a new stake in Mastercard during the first quarter worth approximately $100,000. Lipe & Dalton acquired a new stake in Mastercard during the first quarter worth approximately $101,000. Massey Quick Simon & CO. LLC acquired a new stake in Mastercard during the third quarter worth approximately $102,000. Chicago Partners Investment Group LLC raised its holdings in Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 874 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its holdings in Mastercard by 170.1% during the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 546 shares in the last quarter. 76.08% of the stock is currently owned by institutional investors.
Shares of Mastercard (MA) traded up $0.25 during midday trading on Wednesday, hitting $149.54. 1,795,900 shares of the stock were exchanged, compared to its average volume of 3,162,116. The firm has a market capitalization of $158,047.64, a PE ratio of 34.64, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. Mastercard has a 1-year low of $99.51 and a 1-year high of $152.00.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 6th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is 20.47%.
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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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