Mastercard Incorporated (MA) Expected to Announce Quarterly Sales of $3.26 Billion
Equities research analysts expect that Mastercard Incorporated (NYSE:MA) will post sales of $3.26 billion for the current quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Mastercard’s earnings. The highest sales estimate is $3.32 billion and the lowest is $3.18 billion. Mastercard reported sales of $2.88 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 13.2%. The company is scheduled to issue its next quarterly earnings results on Friday, October 27th.
According to Zacks, analysts expect that Mastercard will report full-year sales of $3.26 billion for the current year, with estimates ranging from $12.14 billion to $12.36 billion. For the next year, analysts forecast that the business will report sales of $13.59 billion per share, with estimates ranging from $13.43 billion to $13.88 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Mastercard.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the firm posted $0.96 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis.
MA has been the subject of several recent analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, April 14th. Morgan Stanley upped their target price on Mastercard from $124.00 to $131.00 and gave the company an “overweight” rating in a report on Tuesday, May 30th. Instinet upped their target price on Mastercard from $133.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, May 4th. Zacks Investment Research raised Mastercard from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Finally, Barclays PLC upped their target price on Mastercard from $124.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $128.20.
Shares of Mastercard (NYSE MA) opened at 129.82 on Monday. Mastercard has a 52-week low of $94.41 and a 52-week high of $132.20. The stock has a 50 day moving average price of $124.99 and a 200-day moving average price of $116.49. The firm has a market capitalization of $138.24 billion, a PE ratio of 32.21 and a beta of 1.17.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.
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In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the completion of the sale, the insider now owns 112,649,063 shares of the company’s stock, valued at $14,416,827,082.74. The disclosure for this sale can be found here. Insiders have sold 704,433 shares of company stock worth $90,655,568 over the last ninety days. Insiders own 0.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Pennsylvania Trust Co raised its position in Mastercard by 1.6% in the first quarter. Pennsylvania Trust Co now owns 20,733 shares of the credit services provider’s stock valued at $2,332,000 after buying an additional 335 shares during the last quarter. Cookson Peirce & Co. Inc. raised its position in Mastercard by 1.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock valued at $1,512,000 after buying an additional 160 shares during the last quarter. Adviser Investments LLC acquired a new position in Mastercard during the first quarter valued at about $727,000. Linscomb & Williams Inc. raised its position in Mastercard by 5.7% in the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock valued at $1,262,000 after buying an additional 603 shares during the last quarter. Finally, Tompkins Financial Corp raised its position in Mastercard by 9.7% in the first quarter. Tompkins Financial Corp now owns 10,703 shares of the credit services provider’s stock valued at $1,011,000 after buying an additional 949 shares during the last quarter. Hedge funds and other institutional investors own 75.76% 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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