Mastercard Incorporated (MA) Scheduled to Post Earnings on Tuesday
Mastercard Incorporated (NYSE:MA) will be posting its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect Mastercard to post earnings of $1.20 per share for the quarter.
Mastercard (NYSE:MA) last announced 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. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS. On average, analysts expect Mastercard to post $4.44 EPS for the current fiscal year and $5.26 EPS for the next fiscal year.
Mastercard Incorporated (NYSE MA) opened at 145.56 on Tuesday. Mastercard Incorporated has a 52 week low of $99.51 and a 52 week high of $148.45. The company’s 50 day moving average price is $142.12 and its 200-day moving average price is $128.12. The company has a market capitalization of $155.01 billion, a P/E ratio of 36.12 and a beta of 1.18.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.60%. The ex-dividend date is Thursday, October 5th. Mastercard’s dividend payout ratio is currently 21.78%.
In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the sale, the insider now owns 40,646 shares in the company, valued at approximately $5,766,041.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders sold a total of 554,202 shares of company stock worth $72,042,931 in the last quarter. Company insiders own 0.30% of the company’s stock.
A number of research firms have recently commented on MA. Barclays PLC boosted their price objective on Mastercard from $148.00 to $158.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. KeyCorp restated a “buy” rating and issued a $165.00 price objective on shares of Mastercard in a research report on Wednesday, October 18th. Citigroup Inc. boosted their price objective on Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Robert W. Baird boosted their price objective on Mastercard from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $161.00 price objective on shares of Mastercard in a research report on Friday, October 13th. One 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 company’s stock. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $148.54.
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Mastercard Company Profile
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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