Wall Street analysts expect that Mastercard (NYSE:MA) will announce $3.23 billion in sales for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Mastercard’s earnings, with estimates ranging from $3.11 billion to $3.30 billion. Mastercard reported sales of $2.73 billion during the same quarter last year, which would suggest a positive year over year growth rate of 18.3%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, May 2nd.
According to Zacks, analysts expect that Mastercard will report full year sales of $14.48 billion for the current financial year, with estimates ranging from $14.05 billion to $14.87 billion. For the next year, analysts anticipate that the company will report sales of $16.19 billion per share, with estimates ranging from $15.75 billion to $16.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Mastercard.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share.
A number of equities analysts have recently issued reports on MA shares. Barclays reissued a “buy” rating and set a $170.00 price objective on shares of Mastercard in a research report on Friday, January 5th. Cowen reissued a “buy” rating and set a $171.00 price objective on shares of Mastercard in a research report on Friday, January 12th. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research report on Tuesday, January 2nd. Mizuho raised shares of Mastercard from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Guggenheim reissued a “buy” rating and set a $201.00 price objective on shares of Mastercard in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $179.62.
In other news, General Counsel Timothy H. Murphy sold 30,628 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $180.44, for a total transaction of $5,526,516.32. Following the completion of the sale, the general counsel now owns 59,907 shares in the company, valued at approximately $10,809,619.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $173.22, for a total transaction of $866,100.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,571 shares of company stock valued at $8,174,328. Company insiders own 0.30% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Community Bank N.A. increased its position in shares of Mastercard by 119.7% during the fourth quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after buying an additional 365 shares during the period. Pin Oak Investment Advisors Inc. purchased a new position in shares of Mastercard during the fourth quarter valued at about $103,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Mastercard during the third quarter valued at about $102,000. Financial Gravity Companies Inc. purchased a new position in shares of Mastercard during the fourth quarter valued at about $123,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of Mastercard during the third quarter valued at about $106,000. Institutional investors own 76.05% of the company’s stock.
MA traded up $3.99 during trading on Friday, reaching $177.86. 2,552,611 shares of the stock traded hands, compared to its average volume of 3,980,225. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $183,224.70, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. Mastercard has a 12 month low of $112.10 and a 12 month high of $183.73.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.56%. Mastercard’s dividend payout ratio (DPR) is 21.83%.
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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