Analysts expect Mastercard Inc (NYSE:MA) to post sales of $3.87 billion for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Mastercard’s earnings, with the lowest sales estimate coming in at $3.80 billion and the highest estimate coming in at $3.96 billion. Mastercard posted sales of $3.40 billion during the same quarter last year, which suggests a positive year over year growth rate of 13.8%. The business is expected to report its next earnings report on Tuesday, October 30th.
According to Zacks, analysts expect that Mastercard will report full year sales of $14.94 billion for the current year, with estimates ranging from $14.78 billion to $15.10 billion. For the next fiscal year, analysts forecast that the business will report sales of $16.86 billion per share, with estimates ranging from $16.54 billion to $17.09 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Mastercard.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.13. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. Mastercard’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period last year, the company posted $1.10 EPS.
A number of analysts recently weighed in on MA shares. Bank of America increased their price target on shares of Mastercard from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, July 17th. Cowen reiterated a “buy” rating and issued a $207.00 price target on shares of Mastercard in a research report on Friday, July 20th. Buckingham Research increased their price target on shares of Mastercard from $194.00 to $222.00 and gave the company a “buy” rating in a research report on Tuesday, June 26th. Wells Fargo & Co reiterated a “buy” rating on shares of Mastercard in a research report on Wednesday, May 30th. Finally, Loop Capital increased their price target on shares of Mastercard to $232.00 and gave the company a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $208.56.
In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the sale, the chief financial officer now directly owns 128,905 shares in the company, valued at approximately $25,826,116.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.32% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Mastercard by 0.7% in the second quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock valued at $12,779,736,000 after purchasing an additional 452,200 shares during the last quarter. FMR LLC raised its holdings in shares of Mastercard by 6.0% in the second quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock valued at $7,687,891,000 after purchasing an additional 2,229,947 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Mastercard by 4.7% in the second quarter. Jennison Associates LLC now owns 14,330,021 shares of the credit services provider’s stock valued at $2,816,136,000 after purchasing an additional 646,937 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Mastercard by 3.2% in the first quarter. JPMorgan Chase & Co. now owns 10,815,089 shares of the credit services provider’s stock valued at $1,894,372,000 after purchasing an additional 335,213 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Mastercard by 4.6% in the second quarter. Bank of America Corp DE now owns 6,150,557 shares of the credit services provider’s stock valued at $1,208,709,000 after purchasing an additional 269,298 shares during the last quarter. Hedge funds and other institutional investors own 74.43% of the company’s stock.
Shares of NYSE:MA opened at $217.96 on Friday. The company has a market capitalization of $222.26 billion, a P/E ratio of 37.95, a PEG ratio of 1.76 and a beta of 1.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.51 and a current ratio of 1.51. Mastercard has a fifty-two week low of $137.75 and a fifty-two week high of $218.82.
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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