Wall Street analysts predict that Mastercard Inc (NYSE:MA) will announce $3.22 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Mastercard’s earnings. The lowest sales estimate is $3.11 billion and the highest is $3.28 billion. Mastercard posted sales of $2.73 billion in the same quarter last year, which suggests a positive year over year growth rate of 17.9%. The business is expected to report its next earnings report on Tuesday, May 1st.
On average, analysts expect that Mastercard will report full-year sales of $3.22 billion for the current fiscal year, with estimates ranging from $14.05 billion to $14.70 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $16.10 billion per share, with estimates ranging from $15.64 billion to $16.66 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Mastercard.
Mastercard (NYSE:MA) last issued its quarterly earnings data 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. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 20.2% compared to the same quarter last year.
A number of research analysts have recently issued reports on MA shares. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Mizuho raised shares of Mastercard from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. SunTrust Banks boosted their target price on shares of Mastercard to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Royal Bank of Canada downgraded shares of Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 target price on the stock. in a research report on Thursday, January 4th. Finally, Sanford C. Bernstein reissued a “buy” rating and set a $180.00 target price (up previously from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $177.40.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction that occurred on Tuesday, January 2nd. The shares were 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Mastercard by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after purchasing an additional 1,490,267 shares during the period. BlackRock Inc. lifted its stake in shares of Mastercard by 3.3% in the 4th quarter. BlackRock Inc. now owns 63,345,804 shares of the credit services provider’s stock valued at $9,588,019,000 after purchasing an additional 2,000,290 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Mastercard by 784.3% in the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after purchasing an additional 14,962,583 shares during the period. Jennison Associates LLC lifted its stake in shares of Mastercard by 0.5% in the 4th quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock valued at $2,307,780,000 after purchasing an additional 82,024 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of Mastercard by 15.8% in the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after purchasing an additional 1,729,179 shares during the period. Hedge funds and other institutional investors own 75.51% of the company’s stock.
Mastercard (NYSE MA) opened at $172.32 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57. Mastercard has a 12-month low of $109.16 and a 12-month high of $177.11. The stock has a market cap of $184,818.91, a P/E ratio of 47.21, a PEG ratio of 1.63 and a beta of 1.26.
Mastercard announced that its Board of Directors has approved a stock repurchase plan on Monday, December 4th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the credit services provider to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
The firm 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.58%. The ex-dividend date is Friday, April 6th. Mastercard’s payout ratio is 27.40%.
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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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