Wall Street brokerages expect Mastercard (NYSE:MA) to announce $3.66 billion in sales for the current quarter, according to Zacks. Ten analysts have issued estimates for Mastercard’s earnings. The lowest sales estimate is $3.58 billion and the highest is $3.76 billion. Mastercard posted sales of $3.05 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 20%. The company is expected to announce its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Mastercard will report full-year sales of $14.93 billion for the current fiscal year, with estimates ranging from $14.51 billion to $15.18 billion. For the next fiscal year, analysts forecast that the company will post sales of $16.82 billion per share, with estimates ranging from $16.16 billion to $17.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Mastercard.
Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.25. Mastercard had a net margin of 32.42% and a return on equity of 91.56%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the business earned $1.01 earnings per share. Mastercard’s quarterly revenue was up 30.9% on a year-over-year basis.
A number of equities analysts have recently issued reports on the stock. Tigress Financial reiterated a “buy” rating on shares of Mastercard in a research report on Thursday, February 8th. Argus upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Friday, February 2nd. Cantor Fitzgerald upped their target price on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Barclays upped their target price on shares of Mastercard from $170.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. Mastercard presently has an average rating of “Buy” and an average target price of $185.95.
Shares of Mastercard traded up $1.37, reaching $192.99, during trading hours on Friday, Marketbeat reports. 2,529,637 shares of the company were exchanged, compared to its average volume of 3,962,047. Mastercard has a fifty-two week low of $119.53 and a fifty-two week high of $194.72. The firm has a market capitalization of $199.61 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 1.61 and a beta of 1.17. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.13.
In other news, CEO Ajay Banga sold 239,020 shares of the stock in a transaction on Thursday, May 3rd. The shares were sold at an average price of $185.97, for a total transaction of $44,450,549.40. Following the completion of the sale, the chief executive officer now owns 355,411 shares of the company’s stock, valued at $66,095,783.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Fraccaro sold 3,993 shares of the stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $173.37, for a total transaction of $692,266.41. Following the sale, the insider now directly owns 5,353 shares of the company’s stock, valued at approximately $928,049.61. The disclosure for this sale can be found here. Insiders have sold 306,209 shares of company stock valued at $56,620,393 in the last three months. 0.32% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MA. Community Bank N.A. boosted its holdings in Mastercard by 119.7% during the fourth quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock worth $101,000 after purchasing an additional 365 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in Mastercard during the fourth quarter worth $103,000. Wealthcare Advisory Partners LLC acquired a new stake in Mastercard in the third quarter valued at $106,000. Trustcore Financial Services LLC acquired a new stake in Mastercard in the fourth quarter valued at $120,000. Finally, Financial Gravity Companies Inc. acquired a new stake in Mastercard in the fourth quarter valued at $123,000. Institutional investors and hedge funds own 75.10% of the company’s stock.
Mastercard Company Profile
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.
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