Equities research analysts expect that Mastercard Inc (NYSE:MA) will report earnings of $1.25 per share for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Mastercard’s earnings, with the lowest EPS estimate coming in at $1.19 and the highest estimate coming in at $1.34. Mastercard reported earnings of $1.01 per share during the same quarter last year, which would indicate a positive year over year growth rate of 23.8%. The business is expected to report its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Mastercard will report full year earnings of $5.88 per share for the current fiscal year, with EPS estimates ranging from $5.40 to $6.19. For the next year, analysts anticipate that the business will report earnings of $6.92 per share, with EPS estimates ranging from $6.25 to $7.31. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Mastercard.
Mastercard (NYSE:MA) last released its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The firm had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. Mastercard’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 earnings per share.
A number of research analysts recently issued reports on the company. Vetr raised Mastercard from a “sell” rating to a “buy” rating and set a $182.50 target price on the stock in a report on Thursday, February 15th. Piper Jaffray Companies lifted their target price on Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Morgan Stanley lifted their price target on Mastercard from $178.00 to $192.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Barclays lifted their price target on Mastercard from $178.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald lifted their price target on Mastercard to $198.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $177.40.
Mastercard (NYSE:MA) traded up $0.46 during trading hours on Tuesday, reaching $176.11. The company had a trading volume of 2,164,087 shares, compared to its average volume of 4,018,860. The firm has a market capitalization of $186,320.00, a price-to-earnings ratio of 39.37, a P/E/G ratio of 1.63 and a beta of 1.26. Mastercard has a 1 year low of $109.16 and a 1 year high of $177.11. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Mastercard’s dividend payout ratio is 22.37%.
Mastercard announced that its Board of Directors has initiated a stock buyback plan on Monday, December 4th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the sale, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of MA. Canandaigua National Bank & Trust Co. increased its position in Mastercard by 4.8% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 4,721 shares of the credit services provider’s stock worth $573,000 after buying an additional 215 shares during the period. American Asset Management Inc. increased its position in shares of Mastercard by 2.4% during the second quarter. American Asset Management Inc. now owns 2,100 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 50 shares during the period. Boys Arnold & Co. Inc. increased its position in shares of Mastercard by 7.8% during the second quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock valued at $608,000 after purchasing an additional 363 shares during the period. Willingdon Wealth Management increased its position in shares of Mastercard by 1.6% during the second quarter. Willingdon Wealth Management now owns 12,506 shares of the credit services provider’s stock valued at $1,519,000 after purchasing an additional 194 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Mastercard by 14.9% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 223,019 shares of the credit services provider’s stock valued at $27,086,000 after purchasing an additional 28,862 shares during the period. Hedge funds and other institutional investors own 75.51% of the company’s stock.
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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