Zacks: Brokerages Expect Mastercard Inc (NYSE:MA) Will Post Quarterly Sales of $4.10 Billion

Brokerages expect that Mastercard Inc (NYSE:MA) will announce $4.10 billion in sales for the current quarter, Zacks reports. Twelve analysts have issued estimates for Mastercard’s earnings. The lowest sales estimate is $4.04 billion and the highest is $4.18 billion. Mastercard reported sales of $3.67 billion during the same quarter last year, which would suggest a positive year over year growth rate of 11.7%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that Mastercard will report full year sales of $16.78 billion for the current year, with estimates ranging from $16.62 billion to $17.01 billion. For the next year, analysts anticipate that the firm will report sales of $18.93 billion, with estimates ranging from $18.56 billion to $19.37 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Mastercard.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.12. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 EPS.



MA has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Wells Fargo & Co increased their target price on shares of Mastercard from $238.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Wedbush increased their target price on shares of Mastercard from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. UBS Group increased their target price on shares of Mastercard from $247.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Citigroup increased their target price on shares of Mastercard from $274.00 to $288.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $247.58.

In other Mastercard news, General Counsel Timothy H. Murphy sold 60,428 shares of Mastercard stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $230.31, for a total transaction of $13,917,172.68. Following the completion of the transaction, the general counsel now owns 46,331 shares in the company, valued at $10,670,492.61. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Miebach sold 2,711 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $240.28, for a total transaction of $651,399.08. Following the completion of the transaction, the insider now directly owns 20,492 shares of the company’s stock, valued at approximately $4,923,817.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 381,530 shares of company stock worth $93,705,711. Insiders own 0.32% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Focused Wealth Management Inc purchased a new stake in Mastercard during the fourth quarter worth approximately $25,000. Ruggie Capital Group purchased a new stake in Mastercard during the fourth quarter worth approximately $27,000. Valley National Advisers Inc. grew its stake in Mastercard by 210.9% during the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after buying an additional 97 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in Mastercard during the fourth quarter worth approximately $30,000. Finally, Ellis Investment Partners LLC purchased a new stake in Mastercard during the first quarter worth approximately $30,000. 74.41% of the stock is owned by institutional investors and hedge funds.

Mastercard stock traded down $0.60 during mid-day trading on Friday, reaching $263.06. 56,020 shares of the company’s stock were exchanged, compared to its average volume of 3,588,220. The firm has a market cap of $271.39 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. Mastercard has a twelve month low of $171.89 and a twelve month high of $269.85. The company has a quick ratio of 1.41, a current ratio of 1.40 and a debt-to-equity ratio of 1.12.

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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