Equities analysts predict that Mastercard Inc (NYSE:MA) will post sales of $3.94 billion for the current quarter, according to Zacks. Twelve analysts have issued estimates for Mastercard’s earnings, with the highest sales estimate coming in at $4.08 billion and the lowest estimate coming in at $3.71 billion. Mastercard posted sales of $4.47 billion during the same quarter last year, which would indicate a negative year over year growth rate of 11.9%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 3rd.
On average, analysts expect that Mastercard will report full year sales of $15.58 billion for the current financial year, with estimates ranging from $15.30 billion to $15.95 billion. For the next fiscal year, analysts expect that the business will report sales of $18.47 billion, with estimates ranging from $17.18 billion to $19.88 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Mastercard.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 30th. The credit services provider reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.21. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the company posted $1.89 earnings per share. Mastercard’s revenue for the quarter was down 19.8% compared to the same quarter last year.
Several research firms have recently weighed in on MA. Wells Fargo & Company increased their price objective on shares of Mastercard from $325.00 to $335.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. KeyCorp raised their price target on shares of Mastercard from $300.00 to $340.00 and gave the stock a “positive” rating in a report on Monday, August 3rd. Bank of America raised their price target on shares of Mastercard from $324.00 to $358.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. JPMorgan Chase & Co. raised their price target on shares of Mastercard from $315.00 to $369.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Finally, Oppenheimer assumed coverage on shares of Mastercard in a report on Friday, July 31st. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $347.81.
Shares of MA traded down $4.54 during trading hours on Wednesday, hitting $338.83. 2,184,840 shares of the stock were exchanged, compared to its average volume of 5,018,759. Mastercard has a fifty-two week low of $199.99 and a fifty-two week high of $367.25. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.95 and a quick ratio of 1.95. The business has a 50-day moving average of $338.61 and a 200-day moving average of $297.99. The firm has a market capitalization of $339.19 billion, a P/E ratio of 46.86, a price-to-earnings-growth ratio of 2.82 and a beta of 1.11.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, October 8th. This represents a $1.60 dividend on an annualized basis and a yield of 0.47%. Mastercard’s dividend payout ratio (DPR) is presently 20.59%.
In related news, major shareholder Foundation Mastercard sold 68,670 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $299.68, for a total transaction of $20,579,025.60. Following the completion of the sale, the insider now owns 110,551,844 shares in the company, valued at $33,130,176,609.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Haythornthwaite sold 6,583 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $328.87, for a total transaction of $2,164,951.21. Following the sale, the director now owns 27,432 shares of the company’s stock, valued at approximately $9,021,561.84. The disclosure for this sale can be found here. Insiders have sold 675,485 shares of company stock valued at $206,973,740 in the last 90 days. 3.79% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its position in Mastercard by 2.5% during the first quarter. Victory Capital Management Inc. now owns 509,869 shares of the credit services provider’s stock valued at $123,164,000 after purchasing an additional 12,572 shares during the last quarter. Vident Investment Advisory LLC lifted its holdings in shares of Mastercard by 41.6% in the 1st quarter. Vident Investment Advisory LLC now owns 2,700 shares of the credit services provider’s stock worth $652,000 after acquiring an additional 793 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Mastercard by 8.5% in the 1st quarter. Private Advisor Group LLC now owns 51,256 shares of the credit services provider’s stock worth $12,382,000 after acquiring an additional 4,031 shares during the last quarter. OPSEU Pension Plan Trust Fund bought a new stake in shares of Mastercard in the 1st quarter worth approximately $529,000. Finally, Lido Advisors LLC lifted its holdings in shares of Mastercard by 18.3% in the 1st quarter. Lido Advisors LLC now owns 9,555 shares of the credit services provider’s stock worth $2,308,000 after acquiring an additional 1,476 shares during the last quarter. Institutional investors and hedge funds own 73.72% 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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