Mastercard Inc (NYSE:MA) Expected to Announce Quarterly Sales of $4.10 Billion

Brokerages expect that Mastercard Inc (NYSE:MA) will announce sales of $4.10 billion for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Mastercard’s earnings. The lowest sales estimate is $4.04 billion and the highest is $4.18 billion. Mastercard posted sales of $3.67 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.7%. The business is scheduled to report its next earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Mastercard will report full-year sales of $16.78 billion for the current financial year, with estimates ranging from $16.62 billion to $17.01 billion. For the next financial year, analysts anticipate that the company will post sales of $18.93 billion, with estimates ranging from $18.56 billion to $19.37 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Mastercard.

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

A number of analysts have recently weighed in on MA shares. KeyCorp upped their price objective on Mastercard from $230.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. BMO Capital Markets upped their price objective on Mastercard from $254.00 to $274.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Oppenheimer upped their price objective on Mastercard from $242.00 to $259.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Nomura upped their price objective on Mastercard to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Finally, Barclays upped their price objective on Mastercard from $261.00 to $285.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Two analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $249.75.

NYSE MA traded down $1.10 on Friday, reaching $260.10. The stock had a trading volume of 3,056,370 shares, compared to its average volume of 3,579,620. The firm has a market cap of $269.53 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 2.09 and a beta of 1.10. The company has a quick ratio of 1.41, a current ratio of 1.40 and a debt-to-equity ratio of 1.12. Mastercard has a 12-month low of $171.89 and a 12-month high of $269.85.

In other Mastercard news, Director David R. Carlucci sold 3,974 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $262.51, for a total value of $1,043,214.74. Following the completion of the transaction, the director now owns 54,438 shares in the company, valued at $14,290,519.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Fraccaro sold 8,658 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $230.21, for a total transaction of $1,993,158.18. Following the completion of the transaction, the insider now owns 4,124 shares of the company’s stock, valued at approximately $949,386.04. The disclosure for this sale can be found here. Insiders sold 385,504 shares of company stock worth $94,748,926 in the last three months. 0.32% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thor Advisors LLC purchased a new position in shares of Mastercard during the 1st quarter worth approximately $54,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $292,000. Belpointe Asset Management LLC boosted its holdings in shares of Mastercard by 12.9% in the 1st quarter. Belpointe Asset Management LLC now owns 2,512 shares of the credit services provider’s stock valued at $591,000 after purchasing an additional 287 shares during the last quarter. Private Advisors LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $514,000. Finally, Meridian Wealth Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $323,000. Institutional investors own 74.41% of the company’s stock.

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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