Equities research analysts predict that Mastercard Incorporated (NYSE:MA) will post sales of $3.26 billion for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Mastercard’s earnings. The lowest sales estimate is $3.20 billion and the highest is $3.30 billion. Mastercard posted sales of $2.76 billion during the same quarter last year, which would indicate a positive year over year growth rate of 18.1%. The firm is expected to report its next quarterly earnings report on Tuesday, January 30th.

On average, analysts expect that Mastercard will report full year sales of $3.26 billion for the current fiscal year, with estimates ranging from $12.23 billion to $12.52 billion. For the next year, analysts forecast that the business will report sales of $14.02 billion per share, with estimates ranging from $13.74 billion to $14.26 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Mastercard.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm posted $1.08 EPS.

Several equities analysts recently commented on the stock. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $150.00 price objective (up from $143.00) on shares of Mastercard in a research report on Friday, September 8th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $180.00 price objective (up from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Cowen reaffirmed a “buy” rating and issued a $137.00 price objective on shares of Mastercard in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Mastercard in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $159.69.

In other news, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $3,582,984 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Mastercard by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after acquiring an additional 1,490,267 shares during the period. Janus Henderson Group PLC grew its stake in Mastercard by 784.3% in the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after acquiring an additional 14,962,583 shares during the period. Capital Research Global Investors grew its stake in Mastercard by 15.8% in the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after acquiring an additional 1,729,179 shares during the period. Capital World Investors grew its stake in Mastercard by 2.3% in the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after acquiring an additional 289,488 shares during the period. Finally, UBS Asset Management Americas Inc. grew its stake in Mastercard by 6.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,174,892 shares of the credit services provider’s stock valued at $749,941,000 after acquiring an additional 347,768 shares during the period. 75.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mastercard (NYSE:MA) traded up $1.47 during trading on Friday, hitting $153.40. 4,881,061 shares of the company traded hands, compared to its average volume of 3,803,887. The stock has a market cap of $162,398.75, a price-to-earnings ratio of 35.59, a P/E/G ratio of 2.04 and a beta of 1.20. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard has a 52-week low of $102.98 and a 52-week high of $154.65.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.65%. Mastercard’s dividend payout ratio (DPR) is presently 20.47%.

Mastercard announced that its Board of Directors has approved a share repurchase program on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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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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Earnings History and Estimates for Mastercard (NYSE:MA)

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