According to Zacks Investment Research, equities research analysts expect Mastercard Incorporated (NYSE: MA) to record sales of $ 4.02 billion for the current quarter. Thirteen analysts have released estimates for Mastercard’s earnings, with the highest sales estimate coming in at $ 4.16 billion and the lowest estimate at $ 3.95 billion. Mastercard posted sales of $ 4.41 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.8%. The company is expected to release its next quarterly earnings report on Wednesday, Feb.3.
On average, analysts expect Mastercard to report full-year sales of $ 15.20 billion for the current financial year, with estimates ranging from $ 15.13 billion to $ 15.34 billion. For the next financial year, analysts expect the company to record sales of $ 18.01 billion, with estimates ranging from $ 16.93 billion to $ 19.64 billion. Zacks Investment Research’s sales calculations are an average average based on a survey of sales-side research analysts following Mastercard.
Mastercard (NYSE: MA) last released its earnings results on Wednesday, October 28. The credit services provider reported earnings per share (EPS) of $ 1.60 for the quarter, missing analyst consensus estimates of $ 1.65 for ($ 0.05). Mastercard had a net margin of 43.13% and a return on equity of 114.80%. The company reported revenue of $ 3.84 billion during the quarter, compared with analysts’ estimates of $ 3.94 billion.
MA has been the subject of numerous reports from research analysts. 140166 raised their price target on Mastercard’s shares from $ 360.00 to $ 395.00 and gave the company a “positive” rating in a research report on Thursday, September 10. The Jefferies Financial Group raised its share price target on Mastercard from $ 305.00 to $ 330.00 and gave the company a “hold” rating in a research report on Friday, October 2. Smith Barney Citigroup lowered the price target for Mastercard’s shares from $ 384.00 to $ 355.00 in a report on Thursday, Oct.29. In a report on Thursday, Oct. 29, the Royal Bank of Canada lowered the target price for Mastercard’s shares from $ 350.00 to $ 372.00. Finally, JPMorgan Chase & Co. lowered its price target on Mastercard’s shares from $ 372.00 to $ 342.00 and set an “overweight” rating for the company in a report on Thursday, October 29. An equity research analyst rated the stock with a sell rating, five assigned a hold rating, and twenty-eight assigned a buy rating to the company. The stock currently has an average “Buy” rating and a consensus price target of $ 346.91.
In related news, the major shareholder of the Mastercard Foundation sold 30,100 shares of the company in a transaction dated Thursday, Oct.15. The shares were sold at an average price of $ 335.86, for a total value of $ 10,109,386.00. Following the transaction, the insider now owns 109,697,713 shares in the company, worth approximately $ 36,843,073,888.18. The sale was disclosed in a legal filing with the SEC, available via this hyperlink. In the past ninety days, insiders have sold 511,710 shares in the company for a value of $ 162,412,135. 3.79% of the shares are owned by insiders.
Large investors have recently bought and sold stock in the company. Captrust Financial Advisors increased its stake in Mastercard by 5.1% in Q3. Captrust Financial Advisors now owns 66,668 shares of the credit service provider worth $ 22,892,000 after purchasing an additional 3,210 shares in the last quarter. First PREMIER Bank increased its stake in Mastercard shares by 2.3% during Q3. First PREMIER Bank now owns 13,420 shares of the credit service provider worth $ 4,538,000 after buying another 300 shares in the last quarter. WealthPLAN Partners LLC increased its stake in Mastercard shares by 15.5% during Q2. WealthPLAN Partners LLC now owns 16,973 shares of the credit service provider’s stock valued at $ 5,536,000 after purchasing another 2,275 shares in the last quarter. Avalon Investment & Advisory increased its stake in Mastercard shares by 8.2% during Q3. Avalon Investment & Advisory now owns 7,269 shares of the credit service provider worth $ 2,458,000 after purchasing an additional 553 shares in the last quarter. Finally, Amussen Hunsaker Associates LLC increased its stake in Mastercard shares by 13.9% during the third quarter. Amussen Hunsaker Associates LLC now owns 4,304 shares of the credit service provider’s stock valued at $ 1,455,000 after purchasing an additional 526 shares in the last quarter. Hedge funds and other institutional investors own 67.87% of the company’s shares.
Shares of MA opened at $ 356.94 on Friday. Mastercard has a one-year low of $ 199.99 and a one-year high of $ 367.25. The company has a market capitalization of $ 355.84 billion, a P / E ratio of 53.51, a P / E / G ratio of 3.09, and a beta of 1.19. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.85 and a quick ratio of 1.85. The company has a 50 day simple moving average of $ 336.66 and a two hundred day simple moving average of $ 326.06.
Mastercard said its Board of Directors approved a stock repurchase plan on Tuesday, December 8 that allows the company to repurchase $ 6.00 billion of outstanding shares. This repurchase authorization allows the credit service provider to purchase up to 1.8% of its shares through open market purchases. Share repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 9. Record investors on Friday January 8 will receive a dividend of $ 0.44. This is a boost from Mastercard’s previous quarterly dividend of $ 0.40. The ex-dividend date is Thursday 7 January. This represents an annualized dividend of $ 1.76 and a yield of 0.49%. Mastercard’s dividend payout ratio (DPR) is currently 20.59%.
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 provides related products and services.
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