Mastercard Inc (NYSE:MA) Expected to Announce Quarterly Sales of $4.40 Billion

Equities research analysts forecast that Mastercard Inc (NYSE:MA) will post sales of $4.40 billion for the current quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Mastercard’s earnings. The highest sales estimate is $4.46 billion and the lowest is $4.32 billion. Mastercard reported sales of $3.90 billion in the same quarter last year, which indicates a positive year over year growth rate of 12.8%. The business is expected to report its next quarterly earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that Mastercard will report full-year sales of $16.80 billion for the current financial year, with estimates ranging from $16.73 billion to $16.86 billion. For the next financial year, analysts anticipate that the business will post sales of $18.92 billion, with estimates ranging from $18.56 billion to $19.37 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Mastercard.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.07. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $1.66 EPS.

MA has been the topic of several research reports. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $275.00 price target on the stock in a research report on Wednesday, May 15th. Argus boosted their price objective on Mastercard to $320.00 and gave the company an “average” rating in a report on Wednesday. Barclays boosted their price objective on Mastercard from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, July 19th. KeyCorp boosted their price objective on Mastercard from $230.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Nomura boosted their price objective on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Mastercard currently has an average rating of “Buy” and an average price target of $284.50.

In other Mastercard news, Vice Chairman Ann Cairns sold 51,850 shares of the stock in a transaction dated 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 directly owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David R. Carlucci sold 3,974 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total value of $1,043,214.74. Following the sale, the director now directly owns 54,438 shares in the company, valued at $14,290,519.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,921 shares of company stock valued at $37,322,422. Company insiders own 3.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Boys Arnold & Co. Inc. lifted its stake in Mastercard by 1.0% in the 2nd quarter. Boys Arnold & Co. Inc. now owns 5,126 shares of the credit services provider’s stock valued at $1,356,000 after buying an additional 52 shares in the last quarter. Fernwood Investment Management LLC increased its position in Mastercard by 7.9% during the 2nd quarter. Fernwood Investment Management LLC now owns 1,079 shares of the credit services provider’s stock valued at $285,000 after buying an additional 79 shares in the last quarter. FinTrust Capital Advisors LLC increased its position in Mastercard by 8.0% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 2,815 shares of the credit services provider’s stock valued at $745,000 after buying an additional 208 shares in the last quarter. Moreno Evelyn V increased its position in Mastercard by 80.7% during the 2nd quarter. Moreno Evelyn V now owns 22,980 shares of the credit services provider’s stock valued at $6,079,000 after buying an additional 10,260 shares in the last quarter. Finally, Sigma Planning Corp increased its position in Mastercard by 7.1% during the 2nd quarter. Sigma Planning Corp now owns 25,247 shares of the credit services provider’s stock valued at $6,679,000 after buying an additional 1,670 shares in the last quarter. 74.41% of the stock is currently owned by institutional investors and hedge funds.

MA stock traded up $1.89 during mid-day trading on Thursday, reaching $274.16. The company’s stock had a trading volume of 4,844,975 shares, compared to its average volume of 3,482,840. The stock has a market cap of $287.50 billion, a PE ratio of 42.24, a PEG ratio of 2.21 and a beta of 1.07. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40. Mastercard has a fifty-two week low of $171.89 and a fifty-two week high of $283.33. The company’s 50 day moving average price is $271.32.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.34%.

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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