Mastercard (NYSE:MA) Issues Earnings Results, Beats Expectations By $0.07 EPS

Mastercard (NYSE:MA) issued its earnings results on Tuesday. The credit services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.07, Briefing.com reports. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company posted $1.66 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year.

Shares of NYSE MA traded down $5.89 during midday trading on Wednesday, reaching $272.27. The company’s stock had a trading volume of 5,337,277 shares, compared to its average volume of 3,472,281. Mastercard has a 12-month low of $171.89 and a 12-month high of $283.33. The firm has a 50 day moving average price of $270.82. The firm has a market cap of $288.14 billion, a PE ratio of 41.95, a P/E/G ratio of 2.21 and a beta of 1.08. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. Mastercard’s payout ratio is presently 20.34%.

A number of brokerages recently commented on MA. Nomura boosted their target price on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley boosted their price objective on Mastercard from $269.00 to $291.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Argus boosted their price objective on Mastercard to $320.00 and gave the stock an “average” rating in a report on Wednesday. UBS Group boosted their price objective on Mastercard from $247.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Raymond James boosted their price objective on Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $282.00.

In other Mastercard news, Vice Chairman Ann Cairns sold 51,850 shares of the stock in a transaction on 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 sale, the insider now owns 134,120 shares in the company, valued at $34,844,376. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 23,850 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $279.47, for a total value of $6,665,359.50. Following the sale, the insider now owns 112,102,262 shares in the company, valued at approximately $31,329,219,161.14. The disclosure for this sale can be found here. Insiders sold a total of 137,921 shares of company stock worth $37,322,422 in the last 90 days. Company insiders own 3.70% of the company’s stock.

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.

Further Reading: Ex-Dividend

Earnings History for Mastercard (NYSE:MA)

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