Mastercard Inc (NYSE:MA) Expected to Post Earnings of $2.01 Per Share

Equities analysts expect Mastercard Inc (NYSE:MA) to post earnings per share (EPS) of $2.01 for the current quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Mastercard’s earnings. The lowest EPS estimate is $1.94 and the highest is $2.06. Mastercard posted earnings of $1.78 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.9%. The company is scheduled to report its next quarterly earnings results on Tuesday, October 29th.

On average, 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 fiscal year, analysts anticipate that the firm will report earnings of $8.99 per share, with EPS estimates ranging from $8.69 to $9.11. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Mastercard.

Mastercard (NYSE:MA) last released its 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 business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the business earned $1.66 earnings per share. Mastercard’s quarterly revenue was up 12.2% on a year-over-year basis.

MA has been the topic of a number of analyst reports. Argus upped their price objective on Mastercard to $320.00 and gave the stock an “average” rating in a research note on Wednesday, July 31st. BMO Capital Markets set a $328.00 target price on shares of Mastercard and gave the company a “buy” rating in a research note on Wednesday, July 31st. Nomura boosted their target price on shares of Mastercard from $282.00 to $324.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Tuesday, September 3rd. Finally, Bank of America increased their price target on shares of Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Two research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $291.80.

In other news, insider Michael Miebach sold 2,770 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total transaction of $789,450.00. Following the transaction, the insider now owns 12,778 shares in the company, valued at $3,641,730. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Ann Cairns sold 51,850 shares of Mastercard stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the sale, the insider now directly owns 134,120 shares of the company’s stock, valued at $34,844,376. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 200,307 shares of company stock valued at $54,217,743. Company insiders own 3.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Mastercard by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 71,012,814 shares of the credit services provider’s stock valued at $18,785,021,000 after buying an additional 367,442 shares during the period. BlackRock Inc. increased its stake in Mastercard by 0.5% in the second quarter. BlackRock Inc. now owns 63,796,913 shares of the credit services provider’s stock valued at $16,876,196,000 after acquiring an additional 297,230 shares during the last quarter. FMR LLC increased its stake in Mastercard by 1.8% in the first quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock valued at $9,521,850,000 after acquiring an additional 720,407 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Mastercard by 12.5% in the second quarter. JPMorgan Chase & Co. now owns 13,943,219 shares of the credit services provider’s stock valued at $3,640,576,000 after acquiring an additional 1,548,776 shares during the last quarter. Finally, Morgan Stanley raised its position in Mastercard by 4.8% during the second quarter. Morgan Stanley now owns 13,929,653 shares of the credit services provider’s stock valued at $3,684,811,000 after purchasing an additional 640,063 shares in the last quarter. 74.68% of the stock is currently owned by hedge funds and other institutional investors.

MA stock traded down $2.38 during mid-day trading on Friday, reaching $269.95. The company had a trading volume of 6,283,846 shares, compared to its average volume of 3,514,937. The company has a market capitalization of $277.76 billion, a price-to-earnings ratio of 41.59, a PEG ratio of 2.23 and a beta of 1.08. Mastercard has a 52 week low of $171.89 and a 52 week high of $293.69. The stock has a 50 day simple moving average of $276.96 and a two-hundred day simple moving average of $255.88. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49.

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.

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Earnings History and Estimates for Mastercard (NYSE:MA)

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