Wall Street brokerages forecast that Mastercard Incorporated (NYSE:MA) will announce $3.26 billion in sales for the current quarter, Zacks reports. Ten analysts have made estimates for Mastercard’s earnings, with estimates ranging from $3.20 billion to $3.30 billion. Mastercard posted sales of $2.76 billion in the same quarter last year, which suggests a positive year over year growth rate of 18.1%. The firm is scheduled to announce 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 financial year, with estimates ranging from $12.23 billion to $12.52 billion. For the next fiscal year, analysts forecast that the firm will report sales of $14.00 billion per share, with estimates ranging from $13.74 billion to $14.26 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Mastercard.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. Mastercard’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share.
A number of research firms have commented on MA. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America Corporation boosted their target price on Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday. J P Morgan Chase & Co upped their price objective on Mastercard from $152.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Nomura upped their price objective on Mastercard from $163.00 to $164.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, SunTrust Banks, Inc. upped their price objective on Mastercard to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $157.68.
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In related news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. 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 quarter. 0.30% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MA. Janus Henderson Group PLC grew its holdings in shares of 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 worth $2,048,899,000 after acquiring an additional 14,962,583 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Mastercard by 289.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock valued at $433,643,000 after buying an additional 2,654,308 shares during the last quarter. Vanguard Group Inc. grew its holdings in Mastercard by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after buying an additional 1,814,116 shares during the last quarter. Capital Research Global Investors grew its holdings in Mastercard by 15.8% during 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 buying an additional 1,729,179 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Mastercard by 22,644.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock valued at $189,528,000 after buying an additional 1,677,737 shares during the last quarter. Institutional investors and hedge funds own 76.08% of the company’s stock.
Shares of Mastercard (MA) traded down $0.11 during trading on Friday, reaching $149.18. The company had a trading volume of 522,750 shares, compared to its average volume of 3,280,000. Mastercard has a 52-week low of $99.51 and a 52-week high of $152.00. The stock has a market capitalization of $158,100.00, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s payout ratio is 20.51%.
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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