Mastercard (NYSE:MA) Posts Earnings Results, Beats Estimates By $0.21 EPS

Mastercard (NYSE:MA) announced its earnings results on Thursday. The credit services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.21, MarketWatch Earnings reports. Mastercard had a return on equity of 129.52% and a net margin of 45.12%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. The company’s revenue was down 19.8% on a year-over-year basis.

MA stock traded down $0.47 during trading on Friday, hitting $308.53. 4,684,553 shares of the stock traded hands, compared to its average volume of 3,495,101. The stock has a market cap of $309.68 billion, a price-to-earnings ratio of 42.67, a P/E/G ratio of 3.81 and a beta of 1.08. Mastercard has a one year low of $199.99 and a one year high of $347.25. The company has a current ratio of 1.95, a quick ratio of 1.87 and a debt-to-equity ratio of 1.92. The company has a 50 day simple moving average of $301.05 and a 200 day simple moving average of $291.69.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, July 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.59%.

Several research firms recently issued reports on MA. Stephens upped their price objective on shares of Mastercard from $286.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Susquehanna Bancshares decreased their price target on shares of Mastercard from $355.00 to $330.00 and set a “positive” rating for the company in a report on Thursday, April 30th. Jefferies Financial Group lowered Mastercard from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $290.00 to $275.00 in a research note on Wednesday, April 15th. Oppenheimer assumed coverage on Mastercard in a research note on Friday. They set a “hold” rating for the company. Finally, BMO Capital Markets dropped their price target on Mastercard from $349.00 to $332.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $331.97.

In related news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $307.29, for a total transaction of $1,536,450.00. Following the completion of the sale, the director now directly owns 32,573 shares of the company’s stock, valued at approximately $10,009,357.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ajay Banga sold 61,067 shares of Mastercard stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $315.89, for a total value of $19,290,454.63. Following the completion of the transaction, the chief executive officer now owns 384,371 shares of the company’s stock, valued at approximately $121,418,955.19. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,005,122 shares of company stock worth $304,245,598. Company insiders own 3.79% 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.

Featured Article: What Does a Sell-Side Analyst Rating Mean?

Earnings History 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.