Equities analysts expect that Mastercard Inc (NYSE:MA) will report $1.64 earnings per share (EPS) for the current quarter, Zacks reports. Twelve analysts have issued estimates for Mastercard’s earnings. The lowest EPS estimate is $1.54 and the highest is $1.73. Mastercard posted earnings of $2.15 per share during the same quarter last year, which would indicate a negative year over year growth rate of 23.7%. The firm is expected to issue its next earnings report on Tuesday, November 3rd.
According to Zacks, analysts expect that Mastercard will report full-year earnings of $6.63 per share for the current year, with EPS estimates ranging from $6.34 to $6.86. For the next year, analysts anticipate that the business will post earnings of $8.51 per share, with EPS estimates ranging from $7.49 to $8.98. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Mastercard.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 30th. The credit services provider reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.21. Mastercard had a return on equity of 129.52% and a net margin of 45.12%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the company earned $1.89 earnings per share. The company’s revenue for the quarter was down 19.8% compared to the same quarter last year.
A number of brokerages have recently issued reports on MA. Wells Fargo & Company lifted their target price on Mastercard from $325.00 to $335.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Daiwa Capital Markets reiterated a “neutral” rating and issued a $314.00 price target on shares of Mastercard in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods lifted their price target on Mastercard from $371.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th. Royal Bank of Canada reiterated a “buy” rating and issued a $370.00 price target on shares of Mastercard in a research note on Thursday, June 25th. Finally, Oppenheimer began coverage on Mastercard in a research note on Friday, July 31st. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $347.81.
Shares of NYSE MA traded down $4.54 during midday trading on Monday, reaching $338.83. 2,184,840 shares of the company’s stock were exchanged, compared to its average volume of 5,018,759. Mastercard has a 52-week low of $199.99 and a 52-week high of $367.25. The stock has a market capitalization of $339.19 billion, a PE ratio of 46.86, a price-to-earnings-growth ratio of 2.82 and a beta of 1.11. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.95 and a current ratio of 1.95. The business’s fifty day moving average price is $338.61 and its two-hundred day moving average price is $297.99.
The company also recently announced 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 of this dividend is Thursday, October 8th. This represents a $1.60 annualized dividend and a yield of 0.47%. Mastercard’s payout ratio is 20.59%.
In related news, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $307.29, for a total transaction of $1,536,450.00. Following the sale, the director now owns 32,573 shares of the company’s stock, valued at $10,009,357.17. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 68,670 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $305.32, for a total value of $20,966,324.40. Following the sale, the insider now directly owns 110,551,844 shares in the company, valued at approximately $33,753,689,010.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 675,485 shares of company stock worth $206,973,740. 3.79% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of MA. Nordea Investment Management AB increased its holdings in shares of Mastercard by 146.6% in the second quarter. Nordea Investment Management AB now owns 4,398,140 shares of the credit services provider’s stock valued at $1,287,820,000 after buying an additional 2,614,737 shares in the last quarter. Advisor Group Holdings Inc. bought a new position in shares of Mastercard in the first quarter valued at $53,522,000. Capital International Investors increased its holdings in shares of Mastercard by 44.2% in the first quarter. Capital International Investors now owns 3,431,966 shares of the credit services provider’s stock valued at $829,028,000 after buying an additional 1,052,440 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Mastercard by 519.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,828 shares of the credit services provider’s stock valued at $230,648,000 after buying an additional 800,780 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Mastercard by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 13,617,293 shares of the credit services provider’s stock valued at $4,026,634,000 after buying an additional 767,923 shares in the last quarter. 73.72% of the stock is currently owned by institutional investors.
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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