Wall Street analysts expect Mastercard Inc (NYSE:MA) to report earnings of $2.02 per share for the current quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Mastercard’s earnings, with estimates ranging from $1.94 to $2.13. Mastercard posted earnings of $1.78 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 13.5%. The company is scheduled to announce its next earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that Mastercard will report full year earnings of $7.61 per share for the current fiscal year, with EPS estimates ranging from $7.52 to $7.70. For the next financial year, analysts forecast that the company will post earnings of $8.99 per share, with EPS estimates ranging from $8.69 to $9.11. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Mastercard.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $1.66 EPS.
Shares of MA stock traded down $1.24 on Thursday, hitting $280.77. 2,529,266 shares of the stock traded hands, compared to its average volume of 3,504,597. The firm has a market cap of $282.12 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 2.20 and a beta of 1.08. Mastercard has a 52 week low of $171.89 and a 52 week high of $283.33. The firm has a 50 day simple moving average of $275.18 and a two-hundred day simple moving average of $249.70. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49.
The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.47%. Mastercard’s dividend payout ratio is currently 20.34%.
In other Mastercard news, Vice Chairman Ann Cairns sold 51,850 shares of Mastercard stock in a transaction on Monday, June 17th. The shares were sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the transaction, the insider now directly owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 15,890 shares of Mastercard stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $272.06, for a total transaction of $4,323,033.40. Following the completion of the transaction, the insider now directly owns 112,030,712 shares of the company’s stock, valued at $30,479,075,506.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,511 shares of company stock worth $54,471,508. 3.70% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of MA. Joseph P. Lucia & Associates LLC purchased a new position in shares of Mastercard in the 2nd quarter worth $26,000. Valley National Advisers Inc. boosted its stake in Mastercard by 210.9% in the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after buying an additional 97 shares in the last quarter. Ellevest Inc. boosted its stake in Mastercard by 52.8% in the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after buying an additional 38 shares in the last quarter. Ellis Investment Partners LLC acquired a new stake in Mastercard in the 1st quarter valued at $30,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in Mastercard in the 2nd quarter valued at $31,000. 74.90% of the stock is owned by institutional investors and hedge funds.
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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