Zacks: Brokerages Expect Mastercard Incorporated (MA) Will Post Earnings of $1.23 Per Share

Brokerages expect Mastercard Incorporated (NYSE:MA) to post earnings per share (EPS) of $1.23 for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Mastercard’s earnings. The lowest EPS estimate is $1.19 and the highest is $1.26. Mastercard reported earnings per share of $1.08 during the same quarter last year, which indicates a positive year over year growth rate of 13.9%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, October 31st.

On average, analysts expect that Mastercard will report full-year earnings of $4.44 per share for the current fiscal year, with EPS estimates ranging from $4.37 to $4.50. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.26 per share, with EPS estimates ranging from $5.07 to $5.35. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Mastercard.



Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis.

Several analysts have commented on MA shares. Instinet reaffirmed a “buy” rating and issued a $163.00 target price (up from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. KeyCorp reaffirmed a “buy” rating and issued a $165.00 target price on shares of Mastercard in a research note on Wednesday. Deutsche Bank AG reaffirmed a “buy” rating and issued a $150.00 target price (up from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $161.00 target price on shares of Mastercard in a research note on Friday, October 13th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $158.00 target price (up from $149.00) on shares of Mastercard in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $148.54.

Mastercard (NYSE MA) traded down 0.790% on Thursday, reaching $145.035. The company had a trading volume of 348,902 shares. The stock has a market capitalization of $154.45 billion, a PE ratio of 35.989 and a beta of 1.18. Mastercard has a 52-week low of $99.51 and a 52-week high of $148.45. The stock has a 50 day moving average price of $141.10 and a 200 day moving average price of $127.29.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.60%. Mastercard’s payout ratio is 21.78%.

In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the transaction, the chief financial officer now owns 170,570 shares in the company, valued at approximately $22,138,280.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Insiders sold a total of 641,820 shares of company stock worth $83,385,957 in the last quarter. 0.30% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. American Beacon Advisors Inc. acquired a new position in Mastercard in the 1st quarter worth $100,000. Lipe & Dalton acquired a new position in Mastercard in the 1st quarter worth $101,000. Chicago Partners Investment Group LLC lifted its holdings in Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after buying an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. lifted its holdings in Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after buying an additional 546 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in Mastercard by 108.2% in the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after buying an additional 464 shares in the last quarter. Hedge funds and other institutional investors own 76.01% of the company’s stock.

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About Mastercard

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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Earnings History and Estimates for Mastercard (NYSE:MA)

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