Zacks: Analysts Expect Mastercard Incorporated (NYSE:MA) Will Post Earnings of $1.57 Per Share
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.
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.
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