Zacks: Brokerages Anticipate Mastercard Inc (MA) Will Post Quarterly Sales of $3.22 Billion
Wall Street analysts forecast that Mastercard Inc (NYSE:MA) will post sales of $3.22 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Mastercard’s earnings. The highest sales estimate is $3.28 billion and the lowest is $3.11 billion. Mastercard reported sales of $2.73 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.9%. The company is expected to announce its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Mastercard will report full-year sales of $3.22 billion for the current year, with estimates ranging from $14.05 billion to $14.70 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $16.10 billion per share, with estimates ranging from $15.64 billion to $16.66 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Mastercard.
Mastercard (NYSE:MA) last released its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. The firm had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS.
Mastercard (NYSE:MA) traded up $2.81 during trading on Thursday, reaching $175.76. 3,090,000 shares of the company’s stock were exchanged, compared to its average volume of 4,400,000. The firm has a market cap of $186,070.00, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57. Mastercard has a 52-week low of $109.76 and a 52-week high of $177.11.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. Mastercard’s payout ratio is currently 22.37%.
Mastercard announced that its board has authorized a share buyback plan on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the sale, the insider now owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Sullivan Bruyette Speros & Blaney LLC lifted its holdings in Mastercard by 1.8% in the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 2,427 shares of the credit services provider’s stock valued at $295,000 after buying an additional 44 shares during the period. Intellectus Partners LLC raised its holdings in Mastercard by 3.2% in the second quarter. Intellectus Partners LLC now owns 2,454 shares of the credit services provider’s stock worth $298,000 after purchasing an additional 76 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in Mastercard by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 19,556 shares of the credit services provider’s stock worth $2,375,000 after purchasing an additional 78 shares during the period. Raymond James Trust N.A. raised its holdings in Mastercard by 0.6% in the second quarter. Raymond James Trust N.A. now owns 15,145 shares of the credit services provider’s stock worth $1,840,000 after purchasing an additional 88 shares during the period. Finally, Eagle Asset Management Inc. raised its holdings in Mastercard by 3.1% in the second quarter. Eagle Asset Management Inc. now owns 2,917 shares of the credit services provider’s stock worth $354,000 after purchasing an additional 89 shares during the period. 75.51% of the stock is currently owned by hedge funds and other institutional investors.
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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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