Mastercard Incorporated (NYSE:MA) to Post Q2 2021 Earnings of $1.85 Per Share, Wedbush Forecasts

Mastercard Incorporated (NYSE:MA) – Equities researchers at Wedbush reduced their Q2 2021 EPS estimates for Mastercard in a research report issued on Thursday, April 29th. Wedbush analyst M. Katri now expects that the credit services provider will post earnings of $1.85 per share for the quarter, down from their prior forecast of $1.93. Wedbush also issued estimates for Mastercard’s Q3 2021 earnings at $2.18 EPS, Q2 2022 earnings at $2.46 EPS, Q3 2022 earnings at $2.71 EPS and Q4 2022 earnings at $2.90 EPS.

MA has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mastercard from $383.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, January 14th. Mizuho raised their price objective on Mastercard from $430.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, April 30th. Truist raised their price objective on Mastercard from $415.00 to $450.00 in a research report on Friday, March 5th. Macquarie lifted their price target on Mastercard from $385.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 30th. Finally, Sanford C. Bernstein assumed coverage on Mastercard in a research report on Wednesday, January 27th. They issued an “outperform” rating and a $380.00 price target for the company. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $382.26.

NYSE:MA opened at $375.91 on Monday. The stock has a market cap of $373.41 billion, a P/E ratio of 56.36, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. The firm’s fifty day simple moving average is $374.42 and its 200 day simple moving average is $346.45. Mastercard has a twelve month low of $263.96 and a twelve month high of $401.50. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, April 29th. The credit services provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.19. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Mastercard had a net margin of 43.13% and a return on equity of 114.80%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.83 earnings per share.

A number of hedge funds have recently made changes to their positions in MA. Veracity Capital LLC boosted its stake in Mastercard by 1.1% in the first quarter. Veracity Capital LLC now owns 2,658 shares of the credit services provider’s stock valued at $947,000 after acquiring an additional 28 shares during the last quarter. Washington Trust Bank lifted its holdings in shares of Mastercard by 0.3% during the 1st quarter. Washington Trust Bank now owns 9,936 shares of the credit services provider’s stock worth $3,537,000 after acquiring an additional 28 shares during the period. Boenning & Scattergood Inc. lifted its holdings in shares of Mastercard by 1.1% during the 1st quarter. Boenning & Scattergood Inc. now owns 2,501 shares of the credit services provider’s stock worth $890,000 after acquiring an additional 28 shares during the period. Arbor Wealth Management LLC lifted its holdings in shares of Mastercard by 0.3% during the 1st quarter. Arbor Wealth Management LLC now owns 9,430 shares of the credit services provider’s stock worth $3,358,000 after acquiring an additional 29 shares during the period. Finally, Bigelow Investment Advisors LLC lifted its holdings in shares of Mastercard by 1.3% during the 4th quarter. Bigelow Investment Advisors LLC now owns 2,394 shares of the credit services provider’s stock worth $855,000 after acquiring an additional 30 shares during the period. Institutional investors own 73.64% of the company’s stock.

In other news, insider Craig Vosburg sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $381.70, for a total value of $3,817,000.00. Following the completion of the transaction, the insider now directly owns 50,449 shares in the company, valued at $19,256,383.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gilberto Caldart sold 7,528 shares of Mastercard stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $340.00, for a total value of $2,559,520.00. Following the transaction, the insider now owns 9,100 shares of the company’s stock, valued at $3,094,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 339,529 shares of company stock valued at $116,725,147. Company insiders own 3.79% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 7th. Shareholders of record on Friday, April 9th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Thursday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.65%.

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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Earnings History and Estimates for Mastercard (NYSE:MA)

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