Equities research analysts forecast that Mastercard Inc (NYSE:MA) will post earnings per share (EPS) of $1.68 for the current quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Mastercard’s earnings, with estimates ranging from $1.59 to $1.75. Mastercard posted earnings per share of $1.50 in the same quarter last year, which would suggest a positive year over year growth rate of 12%. The company is expected to report its next earnings results on Wednesday, May 1st.
According to Zacks, analysts expect that Mastercard will report full year earnings of $7.55 per share for the current fiscal year, with EPS estimates ranging from $7.23 to $7.67. For the next year, analysts anticipate that the business will post earnings of $8.91 per share, with EPS estimates ranging from $8.60 to $9.15. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Mastercard.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Mastercard had a net margin of 39.19% and a return on equity of 122.25%. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.79 billion.
Several equities research analysts have weighed in on the stock. Zacks Investment Research reaffirmed a “buy” rating and issued a $205.00 price target on shares of Mastercard in a research note on Monday, December 31st. Wedbush lifted their price target on shares of Mastercard from $220.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday. Credit Suisse Group reaffirmed a “buy” rating and issued a $217.00 price target on shares of Mastercard in a research note on Monday, January 7th. Oppenheimer lifted their price target on shares of Mastercard from $221.00 to $242.00 and gave the company an “outperform” rating in a research note on Monday, February 4th. Finally, Jefferies Financial Group assumed coverage on shares of Mastercard in a research note on Monday, January 28th. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $226.80.
NYSE MA traded up $1.66 during mid-day trading on Friday, reaching $231.17. 3,894,233 shares of the stock were exchanged, compared to its average volume of 3,630,973. Mastercard has a one year low of $167.94 and a one year high of $232.76. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $232.82 billion, a PE ratio of 35.62, a P/E/G ratio of 1.81 and a beta of 1.14.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is currently 20.34%.
Mastercard declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 4th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $192.00, for a total transaction of $960,000.00. Following the completion of the transaction, the director now directly owns 40,183 shares in the company, valued at $7,715,136. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 20,269 shares of Mastercard stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $199.53, for a total transaction of $4,044,273.57. Following the transaction, the insider now owns 37,374 shares of the company’s stock, valued at $7,457,234.22. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its holdings in Mastercard by 14,925.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock worth $379,000 after purchasing an additional 71,077,219 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Mastercard by 0.9% during the third quarter. Vanguard Group Inc. now owns 69,297,171 shares of the credit services provider’s stock worth $15,426,244,000 after purchasing an additional 609,214 shares during the last quarter. Vanguard Group Inc boosted its holdings in Mastercard by 0.9% during the third quarter. Vanguard Group Inc now owns 69,297,171 shares of the credit services provider’s stock worth $15,426,244,000 after purchasing an additional 609,214 shares during the last quarter. FMR LLC boosted its holdings in Mastercard by 1.8% during the fourth quarter. FMR LLC now owns 39,720,669 shares of the credit services provider’s stock worth $7,493,304,000 after purchasing an additional 715,691 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in Mastercard by 10.5% during the third quarter. Capital Research Global Investors now owns 19,448,504 shares of the credit services provider’s stock worth $4,329,431,000 after purchasing an additional 1,846,753 shares during the last quarter. Institutional investors and hedge funds own 74.17% of the company’s stock.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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