Equities research analysts expect Mastercard Inc (NYSE:MA) to post $2.64 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Mastercard’s earnings. The highest sales estimate is $2.71 billion and the lowest is $2.59 billion. Mastercard posted sales of $2.45 billion during the same quarter last year, which would indicate a positive year over year growth rate of 7.8%. The company is expected to issue its next earnings results before the market opens on Tuesday, May 2nd.
According to Zacks, analysts expect that Mastercard will report full-year sales of $2.64 billion for the current year, with estimates ranging from $11.67 billion to $11.99 billion. For the next fiscal year, analysts anticipate that the business will report sales of $13.09 billion per share, with estimates ranging from $12.94 billion to $13.43 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Mastercard.
Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, January 31st. The company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.01. Mastercard had a return on equity of 71.09% and a net margin of 37.67%. The business earned $2.76 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year.
MA has been the subject of a number of recent analyst reports. Barclays PLC lowered their price objective on Mastercard to $124.00 in a research note on Wednesday, February 1st. Loop Capital initiated coverage on Mastercard in a research note on Tuesday, February 14th. They set a “buy” rating and a $119.00 price objective for the company. Sanford C. Bernstein restated an “outperform” rating and set a $123.00 price objective on shares of Mastercard in a research note on Saturday, March 11th. BMO Capital Markets restated an “outperform” rating and set a $123.00 price objective on shares of Mastercard in a research note on Sunday, January 8th. Finally, Jefferies Group LLC set a $123.00 price objective on Mastercard and gave the company a “buy” rating in a research note on Saturday, March 25th. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $117.79.
In other Mastercard news, major shareholder Foundation Mastercard sold 205,035 shares of Mastercard stock in a transaction on Tuesday, January 24th. The stock was sold at an average price of $109.50, for a total transaction of $22,451,332.50. Following the sale, the insider now owns 113,859,407 shares of the company’s stock, valued at approximately $12,467,605,066.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ann Cairns sold 6,950 shares of Mastercard stock in a transaction on Friday, January 20th. The shares were sold at an average price of $110.00, for a total value of $764,500.00. Following the sale, the insider now directly owns 39,041 shares in the company, valued at approximately $4,294,510. The disclosure for this sale can be found here. In the last three months, insiders sold 1,468,648 shares of company stock worth $158,608,754. Company insiders own 3.14% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Alpha Windward LLC increased its stake in shares of Mastercard by 1.0% in the third quarter. Alpha Windward LLC now owns 1,550 shares of the company’s stock valued at $158,000 after buying an additional 15 shares during the last quarter. Weik Investment Services Inc. increased its stake in shares of Mastercard by 0.5% in the third quarter. Weik Investment Services Inc. now owns 13,100 shares of the company’s stock valued at $1,333,000 after buying an additional 65 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its stake in shares of Mastercard by 2.4% in the third quarter. Nicholas Hoffman & Company LLC. now owns 3,145 shares of the company’s stock valued at $320,000 after buying an additional 75 shares during the last quarter. Iberiabank Corp increased its stake in shares of Mastercard by 1.5% in the fourth quarter. Iberiabank Corp now owns 5,723 shares of the company’s stock valued at $591,000 after buying an additional 82 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in shares of Mastercard by 0.8% in the third quarter. GHP Investment Advisors Inc. now owns 11,119 shares of the company’s stock valued at $1,132,000 after buying an additional 85 shares during the last quarter. 75.53% of the stock is currently owned by hedge funds and other institutional investors.
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Mastercard (NYSE:MA) traded up 0.20% during midday trading on Thursday, hitting $111.69. The stock had a trading volume of 1,081,254 shares. Mastercard has a one year low of $86.65 and a one year high of $113.50. The stock has a 50-day moving average price of $111.64 and a 200 day moving average price of $106.68. The firm has a market cap of $120.39 billion, a PE ratio of 30.27 and a beta of 1.26. Mastercard also was the recipient of some unusual options trading on Wednesday. Stock investors acquired 2,046 call options on the company. This represents an increase of approximately 488% compared to the average daily volume of 348 call options.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 9th. Investors of record on Friday, April 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, April 5th. Mastercard’s dividend payout ratio (DPR) is 23.85%.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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