$3.88 Billion in Sales Expected for Mastercard Inc (MA) This Quarter

Analysts forecast that Mastercard Inc (NYSE:MA) will announce $3.88 billion in sales for the current quarter, Zacks reports. Twelve analysts have issued estimates for Mastercard’s earnings, with estimates ranging from $3.82 billion to $3.97 billion. Mastercard posted sales of $3.58 billion in the same quarter last year, which suggests a positive year over year growth rate of 8.4%. The business is expected to announce its next earnings report before the market opens on Wednesday, May 1st.

On average, analysts expect that Mastercard will report full year sales of $16.78 billion for the current financial year, with estimates ranging from $16.56 billion to $17.00 billion. For the next year, analysts forecast that the firm will report sales of $18.96 billion, with estimates ranging from $18.58 billion to $19.36 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Mastercard.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. Mastercard had a net margin of 39.19% and a return on equity of 122.25%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.79 billion.

MA has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $230.00 to $207.00 in a report on Tuesday, January 8th. Nomura raised their target price on shares of Mastercard to $252.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. Wells Fargo & Co dropped their target price on shares of Mastercard from $235.00 to $228.00 and set an “outperform” rating on the stock in a report on Thursday, January 3rd. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $245.00 target price on shares of Mastercard in a report on Friday, December 21st. Three equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $227.66.

Mastercard stock opened at $235.45 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $241.55 billion, a P/E ratio of 36.28, a PEG ratio of 1.87 and a beta of 1.14. Mastercard has a fifty-two week low of $167.94 and a fifty-two week high of $237.08.

Mastercard announced that its board has initiated a share buyback plan on Tuesday, December 4th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.56%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In other news, insider Michael Fraccaro sold 8,658 shares of Mastercard stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $230.21, for a total value of $1,993,158.18. Following the sale, the insider now directly owns 4,124 shares in the company, valued at $949,386.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Timothy H. Murphy sold 60,428 shares of Mastercard stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $230.31, for a total transaction of $13,917,172.68. Following the completion of the sale, the general counsel now owns 46,331 shares in the company, valued at $10,670,492.61. The disclosure for this sale can be found here. Insiders sold 89,355 shares of company stock worth $19,954,604 over the last quarter. 0.32% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MA. Focused Wealth Management Inc acquired a new position in Mastercard during the fourth quarter worth $25,000. Valley National Advisers Inc. increased its holdings in Mastercard by 210.9% during the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after buying an additional 97 shares during the last quarter. Ruggie Capital Group acquired a new position in Mastercard during the fourth quarter worth $27,000. New Capital Management LP increased its holdings in Mastercard by 50.0% during the fourth quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock worth $28,000 after buying an additional 50 shares during the last quarter. Finally, Avondale Wealth Management acquired a new position in Mastercard during the fourth quarter worth $28,000. Institutional investors own 75.45% 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.

Recommended Story: How to track put option volume

Get a free copy of the Zacks research report on Mastercard (MA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.