Equities research analysts forecast that Mastercard Incorporated (NYSE:MA) will announce earnings of $1.57 per share for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have provided estimates for Mastercard’s earnings. The highest EPS estimate is $1.84 and the lowest is $1.42. Mastercard reported earnings of $1.83 per share during the same quarter last year, which suggests a negative year over year growth rate of 14.2%. The business is scheduled to announce its next quarterly earnings report on Wednesday, May 5th.

On average, analysts expect that Mastercard will report full year earnings of $7.98 per share for the current fiscal year, with EPS estimates ranging from $7.28 to $8.54. For the next financial year, analysts anticipate that the firm will report earnings of $10.31 per share, with EPS estimates ranging from $9.12 to $11.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Mastercard.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 28th. The credit services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.01 billion. Mastercard had a return on equity of 114.80% and a net margin of 43.13%. Mastercard’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.07 EPS.

A number of equities research analysts have commented on MA shares. Raymond James upped their price target on Mastercard from $345.00 to $371.00 and gave the company an “outperform” rating in a research report on Friday, January 29th. Barclays upped their price target on Mastercard from $360.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday, January 25th. Truist Securities upped their price target on Mastercard from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, March 9th. Sanford C. Bernstein began coverage on Mastercard in a research report on Wednesday, January 27th. They set an “outperform” rating and a $380.00 target price on the stock. Finally, Mizuho upped their target price on Mastercard from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, March 15th. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $367.26.

MA stock traded up $6.28 during midday trading on Thursday, reaching $377.36. 100,337 shares of the stock were exchanged, compared to its average volume of 4,468,171. The stock has a market capitalization of $374.86 billion, a PE ratio of 56.18, a P/E/G ratio of 2.56 and a beta of 1.19. Mastercard has a 52 week low of $244.10 and a 52 week high of $389.50. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.85 and a quick ratio of 1.85. The company has a fifty day moving average price of $360.98 and a 200 day moving average price of $340.56.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 7th. Shareholders of record on Friday, April 9th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, April 8th. This represents a $1.76 dividend on an annualized basis and a yield of 0.47%. Mastercard’s payout ratio is 22.65%.

In other news, insider Edward Grunde Mclaughlin sold 13,248 shares of Mastercard stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $350.73, for a total value of $4,646,471.04. Following the transaction, the insider now owns 38,447 shares in the company, valued at $13,484,516.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 57,198 shares of Mastercard stock in a transaction dated Tuesday, January 19th. The stock was sold at an average price of $327.14, for a total value of $18,711,753.72. Following the completion of the transaction, the insider now owns 109,068,605 shares in the company, valued at approximately $35,680,703,439.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 768,468 shares of company stock worth $254,295,843. Company insiders own 3.79% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Mastercard by 0.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,339,289 shares of the credit services provider’s stock worth $10,458,136,000 after purchasing an additional 171,333 shares during the last quarter. Morgan Stanley grew its stake in shares of Mastercard by 14.6% in the fourth quarter. Morgan Stanley now owns 17,118,275 shares of the credit services provider’s stock worth $6,110,200,000 after purchasing an additional 2,181,047 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Mastercard by 3.0% in the fourth quarter. Bank of New York Mellon Corp now owns 14,102,981 shares of the credit services provider’s stock worth $5,033,916,000 after purchasing an additional 413,872 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Mastercard by 0.9% in the fourth quarter. Janus Henderson Group PLC now owns 11,216,598 shares of the credit services provider’s stock worth $4,003,395,000 after purchasing an additional 101,468 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Mastercard in the fourth quarter worth about $3,290,758,000. Hedge funds and other institutional investors own 73.64% of the company’s stock.

Mastercard Company Profile

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.

Further Reading: Trading Options- What is a Strangle?

Get a free copy of the Zacks research report on Mastercard (MA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.