Brokerages expect Mastercard Incorporated (NYSE:MA) to post sales of $3.98 billion for the current quarter, Zacks reports. Fourteen analysts have made estimates for Mastercard‘s earnings, with the highest sales estimate coming in at $4.13 billion and the lowest estimate coming in at $3.84 billion. Mastercard reported sales of $4.01 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 0.7%. The business is expected to announce its next quarterly earnings results before the market opens on Wednesday, May 5th.
According to Zacks, analysts expect that Mastercard will report full year sales of $18.08 billion for the current financial year, with estimates ranging from $17.31 billion to $18.54 billion. For the next year, analysts anticipate that the firm will post sales of $21.32 billion, with estimates ranging from $19.75 billion to $22.71 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Mastercard.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, January 28th. The credit services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.13. Mastercard had a return on equity of 114.80% and a net margin of 43.13%. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the company posted $2.07 earnings per share. The company’s quarterly revenue was down 6.7% compared to the same quarter last year.
Several equities research analysts have recently weighed in on MA shares. Barclays upped their price objective on Mastercard from $360.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, January 25th. Morgan Stanley boosted their target price on Mastercard from $377.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, March 22nd. Bank of America raised Mastercard from a “neutral” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Wednesday, January 6th. Robert W. Baird reissued a “buy” rating on shares of Mastercard in a report on Sunday, February 28th. Finally, Wells Fargo & Company boosted their target price on Mastercard from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, January 4th. Four investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $368.37.
In related news, insider Gilberto Caldart sold 7,528 shares of the company’s stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $340.00, for a total transaction of $2,559,520.00. Following the sale, the insider now directly owns 9,100 shares in the company, valued at approximately $3,094,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 57,198 shares of the company’s stock in a transaction that occurred on Wednesday, January 27th. The shares were sold at an average price of $316.72, for a total transaction of $18,115,750.56. Following the sale, the insider now owns 108,725,417 shares in the company, valued at $34,435,514,072.24. The disclosure for this sale can be found here. Insiders have sold 755,220 shares of company stock worth $249,649,372 over the last ninety days. Insiders own 3.79% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. JustInvest LLC lifted its stake in Mastercard by 13.0% in the 4th quarter. JustInvest LLC now owns 9,750 shares of the credit services provider’s stock worth $3,480,000 after purchasing an additional 1,120 shares in the last quarter. Sculptor Capital LP lifted its stake in Mastercard by 49.5% in the 4th quarter. Sculptor Capital LP now owns 642,826 shares of the credit services provider’s stock worth $229,450,000 after purchasing an additional 212,874 shares in the last quarter. Raymond James Trust N.A. increased its holdings in shares of Mastercard by 10.4% in the 4th quarter. Raymond James Trust N.A. now owns 18,372 shares of the credit services provider’s stock worth $6,557,000 after buying an additional 1,731 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Mastercard by 1.6% in the 4th quarter. Bessemer Group Inc. now owns 688,208 shares of the credit services provider’s stock worth $245,649,000 after buying an additional 11,103 shares during the last quarter. Finally, United Bank increased its holdings in shares of Mastercard by 19.3% in the 4th quarter. United Bank now owns 3,037 shares of the credit services provider’s stock worth $1,084,000 after buying an additional 491 shares during the last quarter. Institutional investors own 73.64% of the company’s stock.
Shares of MA opened at $380.08 on Friday. Mastercard has a 12-month low of $244.10 and a 12-month high of $389.50. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15. The firm has a market capitalization of $377.56 billion, a price-to-earnings ratio of 56.98, a P/E/G ratio of 2.56 and a beta of 1.19. The stock’s 50-day moving average price is $362.38 and its 200 day moving average price is $340.98.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 7th. Stockholders of record on Friday, April 9th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, April 8th. This represents a $1.76 annualized dividend and a dividend yield of 0.46%. Mastercard‘s dividend payout ratio is presently 22.65%.
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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