Mastercard Incorporated (MA) Announces Earnings Results, Beats Estimates By $0.11 EPS
Mastercard Incorporated (NYSE:MA) posted its quarterly earnings data on Tuesday. The credit services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11, Bloomberg Earnings reports. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the firm posted $1.08 EPS. Mastercard’s quarterly revenue was up 18.1% on a year-over-year basis.
Shares of Mastercard (NYSE MA) traded down 1.20% on Tuesday, reaching $147.16. 4,529,210 shares of the company traded hands. The firm has a 50-day moving average of $143.64 and a 200-day moving average of $129.40. Mastercard has a 52-week low of $99.51 and a 52-week high of $152.00. The company has a market capitalization of $156.71 billion, a PE ratio of 36.52 and a beta of 1.18.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s payout ratio is 21.78%.
In related news, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the sale, the director now directly owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of the 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 completion of the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 349,760 shares of company stock valued at $45,615,590. Company insiders own 0.30% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $165.00 price objective on shares of Mastercard in a research report on Tuesday. Sanford C. Bernstein reiterated a “buy” rating and issued a $166.00 price objective (up from $145.00) on shares of Mastercard in a research report on Monday. They noted that the move was a valuation call. Piper Jaffray Companies reiterated a “buy” rating and issued a $161.00 price objective on shares of Mastercard in a research report on Friday, October 13th. Robert W. Baird lifted their price objective on shares of Mastercard from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Finally, Cowen and Company reiterated a “buy” rating and issued a $137.00 price objective on shares of Mastercard in a research report on Thursday, October 12th. One 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. The company presently has an average rating of “Buy” and an average price target of $149.98.
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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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