Wall Street analysts forecast that Mastercard (NYSE:MA) will post earnings of $1.25 per share for the current quarter, according to Zacks. Ten analysts have issued estimates for Mastercard’s earnings. The highest EPS estimate is $1.34 and the lowest is $1.19. Mastercard posted earnings per share of $1.01 in 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 report before the market opens on Wednesday, May 2nd.
On average, analysts expect that Mastercard will report full year earnings of $5.94 per share for the current financial year, with EPS estimates ranging from $5.43 to $6.19. For the next financial year, analysts expect that the company will report earnings of $6.96 per share, with EPS estimates ranging from $6.25 to $7.31. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Mastercard.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.12 by $0.02. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS.
Several equities research analysts have commented on the stock. Vetr upgraded shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $192.25 target price on the stock in a research report on Tuesday, April 10th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $196.00 price objective on the stock in a research report on Thursday, April 12th. Sandler O’Neill upgraded shares of Mastercard from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Piper Jaffray boosted their price objective on shares of Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald boosted their price objective on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $179.62.
Shares of NYSE MA traded up $3.99 during trading on Thursday, hitting $177.86. 2,552,611 shares of the company were exchanged, compared to its average volume of 3,980,225. The firm has a market capitalization of $183,224.70, a P/E ratio of 38.90, a PEG ratio of 1.60 and a beta of 1.16. Mastercard has a 1 year low of $112.10 and a 1 year high of $183.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio is presently 21.83%.
In other Mastercard news, insider Michael Fraccaro sold 3,993 shares of the company’s stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $173.37, for a total value of $692,266.41. Following the completion of the transaction, the insider now owns 5,353 shares in the company, valued at approximately $928,049.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Timothy H. Murphy sold 30,628 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $180.44, for a total value of $5,526,516.32. Following the completion of the transaction, the general counsel now owns 59,907 shares of the company’s stock, valued at approximately $10,809,619.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,571 shares of company stock valued at $8,174,328. 0.30% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Community Bank N.A. boosted its stake in shares of Mastercard by 119.7% during the 4th 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 last quarter. Massey Quick Simon & CO. LLC purchased a new position in shares of Mastercard during the 3rd quarter valued at approximately $102,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $103,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Mastercard during the 3rd quarter valued at approximately $106,000. Finally, Trustcore Financial Services LLC purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $120,000. Institutional investors own 76.05% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Analysts Expect Mastercard (MA) Will Announce Earnings of $1.25 Per Share” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/17/analysts-expect-mastercard-ma-will-announce-earnings-of-1-25-per-share.html.
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.
Get a free copy of the Zacks research report on Mastercard (MA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.