Brokerages Expect Mastercard (MA) Will Post Quarterly Sales of $3.23 Billion

Analysts predict that Mastercard (NYSE:MA) will announce $3.23 billion in sales for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Mastercard’s earnings. The highest sales estimate is $3.30 billion and the lowest is $3.11 billion. Mastercard posted sales of $2.73 billion in the same quarter last year, which would indicate a positive year over year growth rate of 18.3%. The firm is scheduled to announce its next earnings report before the market opens on Wednesday, May 2nd.

According to Zacks, analysts expect that Mastercard will report full year sales of $14.48 billion for the current fiscal year, with estimates ranging from $14.05 billion to $14.87 billion. For the next financial year, analysts expect that the firm will report sales of $16.19 billion per share, with estimates ranging from $15.75 billion to $16.59 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Mastercard.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The company’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share.



A number of equities analysts recently commented on MA shares. Barclays raised their price target on shares of Mastercard from $170.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Argus raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Friday, February 2nd. KeyCorp raised their price target on shares of Mastercard from $170.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Vetr raised shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $192.25 price target on the stock in a research report on Tuesday, April 3rd. Finally, Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $179.62.

In other news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $173.22, for a total value of $866,100.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David R. Carlucci sold 5,950 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $183.10, for a total transaction of $1,089,445.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,571 shares of company stock worth $8,174,328. Insiders own 0.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Temasek Holdings Private Ltd boosted its position in Mastercard by 245.7% during the 3rd quarter. Temasek Holdings Private Ltd now owns 923,068 shares of the credit services provider’s stock worth $130,337,000 after buying an additional 656,062 shares during the period. Toronto Dominion Bank boosted its position in Mastercard by 10.9% during the 3rd quarter. Toronto Dominion Bank now owns 371,535 shares of the credit services provider’s stock worth $52,460,000 after buying an additional 36,578 shares during the period. ING Groep NV boosted its position in Mastercard by 85.9% during the 3rd quarter. ING Groep NV now owns 473,702 shares of the credit services provider’s stock worth $66,887,000 after buying an additional 218,915 shares during the period. Wealthfront Inc. boosted its position in Mastercard by 7.5% during the 4th quarter. Wealthfront Inc. now owns 37,996 shares of the credit services provider’s stock worth $5,751,000 after buying an additional 2,642 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Mastercard by 20.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 68,107 shares of the credit services provider’s stock worth $9,617,000 after buying an additional 11,728 shares during the period. Institutional investors own 76.12% of the company’s stock.

Shares of MA opened at $174.27 on Friday. The stock has a market capitalization of $181,216.55, a PE ratio of 38.05, a P/E/G ratio of 1.58 and a beta of 1.16. Mastercard has a fifty-two week low of $111.53 and a fifty-two week high of $183.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio is currently 21.83%.

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About Mastercard

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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