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

Equities analysts expect Mastercard Inc (NYSE:MA) to post $4.42 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Mastercard’s earnings, with the highest sales estimate coming in at $4.49 billion and the lowest estimate coming in at $4.38 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 business is scheduled to report its next earnings results before the market opens on Tuesday, October 29th.

According to Zacks, 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 financial year, analysts expect that the company will post sales of $18.97 billion, with estimates ranging from $18.67 billion to $19.27 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Mastercard.

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

A number of analysts recently weighed in on MA shares. ValuEngine cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday. Raymond James raised their target price on shares of Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Morgan Stanley raised their target price on shares of Mastercard from $291.00 to $315.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Credit Suisse Group set a $292.00 target price on shares of Mastercard and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Deutsche Bank raised their target price on shares of Mastercard from $267.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $299.09.

In other Mastercard news, major shareholder Foundation Mastercard sold 7,950 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $275.98, for a total value of $2,194,041.00. Following the completion of the sale, the insider now owns 112,173,812 shares in the company, valued at approximately $30,957,728,635.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Miebach sold 2,233 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $283.12, for a total transaction of $632,206.96. Following the completion of the sale, the insider now owns 15,548 shares of the company’s stock, valued at approximately $4,401,949.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,143 shares of company stock valued at $38,535,340. 3.70% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in MA. Claro Advisors LLC grew its stake in Mastercard by 4.1% in the 2nd quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock valued at $247,000 after buying an additional 37 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Mastercard by 0.3% in 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 buying an additional 38 shares during the last quarter. First Personal Financial Services grew its stake in Mastercard by 4.8% in 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 last quarter. Campbell Wealth Management grew its stake in Mastercard by 3.9% in 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 last quarter. Finally, Virtus ETF Advisers LLC grew its stake in Mastercard by 23.0% in the 2nd quarter. Virtus ETF Advisers LLC now owns 203 shares of the credit services provider’s stock valued at $54,000 after buying an additional 38 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

NYSE:MA traded up $6.14 during trading hours on Tuesday, reaching $274.43. 1,957,830 shares of the company’s stock were exchanged, compared to its average volume of 3,995,511. The company has a market capitalization of $274.88 billion, a P/E ratio of 42.29, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06. Mastercard has a 12 month low of $171.89 and a 12 month high of $293.69. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. The business’s 50-day simple moving average is $276.01 and its two-hundred day simple moving average is $260.78.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a $0.33 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.48%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

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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