Mastercard Inc (NYSE:MA) Expected to Post Quarterly Sales of $4.42 Billion

Analysts expect Mastercard Inc (NYSE:MA) to announce $4.42 billion in sales for the current quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Mastercard’s earnings. The lowest sales estimate is $4.38 billion and the highest is $4.49 billion. Mastercard posted sales of $3.90 billion in the same quarter last year, which would indicate a positive year over year growth rate of 13.3%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that Mastercard will report full-year sales of $16.81 billion for the current financial year, with estimates ranging from $16.73 billion to $16.86 billion. For the next fiscal year, analysts anticipate that the business will report sales of $18.98 billion, with estimates ranging from $18.67 billion to $19.27 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Mastercard.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the company posted $1.66 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis.



MA has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Barclays boosted their price objective on shares of Mastercard from $310.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Susquehanna Bancshares increased their price objective on shares of Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Co raised their target price on shares of Mastercard from $285.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Finally, Argus raised their target price on shares of Mastercard to $320.00 and gave the stock an “average” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $291.80.

NYSE:MA traded down $2.38 during mid-day trading on Friday, reaching $269.95. The company’s stock had a trading volume of 6,283,846 shares, compared to its average volume of 3,514,937. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. The stock has a market cap of $277.76 billion, a P/E ratio of 41.59, a PEG ratio of 2.23 and a beta of 1.08. The firm’s fifty day moving average price is $276.96 and its two-hundred day moving average price is $255.88. Mastercard has a 12-month low of $171.89 and a 12-month high of $293.69.

In other Mastercard news, Vice Chairman Ann Cairns sold 51,850 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the completion of the sale, the insider now owns 134,120 shares of the company’s stock, valued at $34,844,376. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 8,314 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $266.03, for a total value of $2,211,773.42. Following the sale, the insider now directly owns 33,047 shares of the company’s stock, valued at approximately $8,791,493.41. The disclosure for this sale can be found here. Insiders have sold 200,307 shares of company stock valued at $54,217,743 over the last 90 days. 3.70% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Claro Advisors LLC grew its stake in shares of Mastercard by 4.1% in the 2nd quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock worth $247,000 after buying an additional 37 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Mastercard by 0.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock valued at $3,989,000 after purchasing an additional 38 shares during the last quarter. First Personal Financial Services raised its holdings in Mastercard by 4.8% during the 2nd quarter. First Personal Financial Services now owns 832 shares of the credit services provider’s stock valued at $220,000 after buying an additional 38 shares during the period. Campbell Wealth Management raised its holdings in Mastercard by 3.9% during the 2nd quarter. Campbell Wealth Management now owns 1,007 shares of the credit services provider’s stock valued at $266,000 after buying an additional 38 shares during the period. Finally, Virtus ETF Advisers LLC boosted its stake in shares of Mastercard by 23.0% during the 2nd quarter. Virtus ETF Advisers LLC now owns 203 shares of the credit services provider’s stock worth $54,000 after purchasing an additional 38 shares during the period. 74.68% of the stock is owned by institutional investors.

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.

See Also: How a Strangle Strategy is different from a Straddle Strategy

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.