$3.86 Billion in Sales Expected for Mastercard Inc (MA) This Quarter

Equities research analysts forecast that Mastercard Inc (NYSE:MA) will report sales of $3.86 billion for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Mastercard’s earnings, with estimates ranging from $3.80 billion to $3.90 billion. Mastercard reported sales of $3.40 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.5%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, October 30th.

According to Zacks, analysts expect that Mastercard will report full year sales of $14.93 billion for the current fiscal year, with estimates ranging from $14.78 billion to $15.10 billion. For the next fiscal year, analysts expect that the firm will post sales of $16.84 billion, with estimates ranging from $16.52 billion to $17.09 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Mastercard.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.13. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the business earned $1.10 earnings per share. The firm’s revenue was up 20.0% on a year-over-year basis.



MA has been the subject of several analyst reports. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Wells Fargo & Co raised their target price on shares of Mastercard from $211.00 to $227.00 and gave the company an “outperform” rating in a research note on Thursday, July 12th. Oppenheimer raised their target price on shares of Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, July 17th. Wolfe Research initiated coverage on shares of Mastercard in a research note on Tuesday, July 17th. They issued an “outperform” rating for the company. Finally, Bank of America raised their target price on shares of Mastercard from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, July 17th. Three analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Mastercard presently has an average rating of “Buy” and an average price target of $218.86.

In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the sale, the chief financial officer now owns 128,905 shares of the company’s stock, valued at approximately $25,826,116.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.32% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Fulton Bank N.A. increased its position in shares of Mastercard by 2.0% in the third quarter. Fulton Bank N.A. now owns 11,893 shares of the credit services provider’s stock worth $2,648,000 after purchasing an additional 235 shares during the period. Harvest Fund Management Co. Ltd increased its position in shares of Mastercard by 8.8% in the second quarter. Harvest Fund Management Co. Ltd now owns 3,213 shares of the credit services provider’s stock worth $631,000 after purchasing an additional 259 shares during the period. Price Wealth Management Inc. increased its position in shares of Mastercard by 3.9% in the second quarter. Price Wealth Management Inc. now owns 7,067 shares of the credit services provider’s stock worth $1,389,000 after purchasing an additional 267 shares during the period. Raymond James Trust N.A. increased its position in shares of Mastercard by 1.9% in the second quarter. Raymond James Trust N.A. now owns 14,154 shares of the credit services provider’s stock worth $2,782,000 after purchasing an additional 268 shares during the period. Finally, Baxter Bros Inc. increased its position in shares of Mastercard by 1.2% in the third quarter. Baxter Bros Inc. now owns 23,002 shares of the credit services provider’s stock worth $5,120,000 after purchasing an additional 280 shares during the period. 74.41% of the stock is owned by institutional investors.

Shares of NYSE:MA traded down $6.71 during midday trading on Friday, hitting $197.49. The stock had a trading volume of 6,522,847 shares, compared to its average volume of 4,965,424. Mastercard has a 12 month low of $140.61 and a 12 month high of $225.35. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $212.05 billion, a PE ratio of 43.12, a P/E/G ratio of 1.77 and a beta of 1.16.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.51%. The ex-dividend date is Friday, October 5th. Mastercard’s dividend payout ratio is 21.83%.

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.

Featured Article: What are the economic characteristics of a bear market?

Get a free copy of the Zacks research report on Mastercard (MA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply