Zacks: Analysts Anticipate Mastercard Inc (NYSE:MA) to Announce $1.82 EPS

Wall Street brokerages forecast that Mastercard Inc (NYSE:MA) will announce $1.82 earnings per share for the current quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Mastercard’s earnings. The highest EPS estimate is $1.90 and the lowest is $1.73. Mastercard posted earnings per share of $1.66 during the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The company is expected to issue its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Mastercard will report full-year earnings of $7.60 per share for the current financial year, with EPS estimates ranging from $7.46 to $7.73. For the next year, analysts anticipate that the business will post earnings of $8.98 per share, with EPS estimates ranging from $8.70 to $9.16. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Mastercard.

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

Several equities research analysts recently commented on the company. Wedbush raised their target price on Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Bank of America raised their target price on Mastercard from $255.00 to $267.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. BMO Capital Markets raised their target price on Mastercard from $254.00 to $274.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Citigroup raised their target price on Mastercard from $274.00 to $288.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $275.00 target price for the company in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $252.25.

In other news, Director David R. Carlucci sold 3,974 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total value of $1,043,214.74. Following the transaction, the director now owns 54,438 shares in the company, valued at $14,290,519.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ajay Banga sold 252,600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $250.92, for a total value of $63,382,392.00. Following the completion of the transaction, the chief executive officer now owns 427,638 shares in the company, valued at approximately $107,302,926.96. The disclosure for this sale can be found here. Insiders sold 368,268 shares of company stock worth $92,309,225 in the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Horizon Investments LLC increased its position in Mastercard by 146.1% in the first quarter. Horizon Investments LLC now owns 3,957 shares of the credit services provider’s stock worth $930,000 after buying an additional 2,349 shares during the last quarter. Clarius Group LLC increased its position in Mastercard by 45.9% in the fourth quarter. Clarius Group LLC now owns 2,355 shares of the credit services provider’s stock worth $444,000 after buying an additional 741 shares during the last quarter. YorkBridge Wealth Partners LLC increased its position in Mastercard by 1.0% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 9,858 shares of the credit services provider’s stock worth $1,860,000 after buying an additional 101 shares during the last quarter. FTB Advisors Inc. increased its position in Mastercard by 5.1% in the fourth quarter. FTB Advisors Inc. now owns 1,271 shares of the credit services provider’s stock worth $239,000 after buying an additional 62 shares during the last quarter. Finally, Fort L.P. increased its position in Mastercard by 73.5% in the fourth quarter. Fort L.P. now owns 8,274 shares of the credit services provider’s stock worth $1,561,000 after buying an additional 3,506 shares during the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Shares of MA stock traded up $3.43 on Friday, hitting $264.53. The company had a trading volume of 4,400,299 shares, compared to its average volume of 3,843,639. The company’s 50-day moving average price is $256.38. Mastercard has a twelve month low of $171.89 and a twelve month high of $269.85. The stock has a market cap of $270.22 billion, a price-to-earnings ratio of 40.76, a P/E/G ratio of 2.09 and a beta of 1.10. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a $0.33 dividend. The ex-dividend date is Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s dividend payout ratio 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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