Mastercard Incorporated Expected to Earn Q2 2021 Earnings of $1.70 Per Share (NYSE:MA)

Mastercard Incorporated (NYSE:MA) – Investment analysts at Piper Sandler lowered their Q2 2021 earnings per share estimates for shares of Mastercard in a research report issued on Thursday, April 29th. Piper Sandler analyst C. Donat now expects that the credit services provider will post earnings per share of $1.70 for the quarter, down from their previous estimate of $1.81. Piper Sandler also issued estimates for Mastercard’s Q3 2021 earnings at $1.92 EPS, Q4 2021 earnings at $2.00 EPS, Q1 2022 earnings at $2.04 EPS, Q2 2022 earnings at $2.31 EPS, Q3 2022 earnings at $2.45 EPS, Q4 2022 earnings at $2.70 EPS and Q1 2023 earnings at $2.70 EPS.

A number of other brokerages also recently issued reports on MA. Truist Securities upped their price target on Mastercard from $415.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, March 9th. Mizuho upped their price target on Mastercard from $430.00 to $435.00 and gave the company a “buy” rating in a report on Friday, April 30th. Bank of America raised Mastercard from a “neutral” rating to a “buy” rating and set a $400.00 price target for the company in a report on Wednesday, January 6th. Raymond James upped their price target on Mastercard from $345.00 to $371.00 and gave the company an “outperform” rating in a report on Friday, January 29th. Finally, Macquarie boosted their price objective on Mastercard from $385.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 30th. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $382.26.

Shares of MA opened at $375.91 on Monday. The stock has a 50 day moving average price of $374.42 and a 200 day moving average price of $346.45. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15. The company has a market capitalization of $373.41 billion, a price-to-earnings ratio of 56.36, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. Mastercard has a 52-week low of $263.96 and a 52-week high of $401.50.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, April 29th. The credit services provider reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.19. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.97 billion. Mastercard had a net margin of 43.13% and a return on equity of 114.80%. Mastercard’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.83 EPS.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 7th. Investors of record on Friday, April 9th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, April 8th. Mastercard’s payout ratio is 22.65%.

In other news, insider Sandra A. Arkell sold 2,841 shares of Mastercard stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $385.47, for a total transaction of $1,095,120.27. Following the transaction, the insider now owns 6,321 shares in the company, valued at $2,436,555.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 57,198 shares of Mastercard stock in a transaction on Wednesday, February 10th. The shares were sold at an average price of $333.67, for a total value of $19,085,256.66. Following the transaction, the insider now owns 108,210,635 shares in the company, valued at approximately $36,106,642,580.45. The disclosure for this sale can be found here. Insiders sold a total of 339,529 shares of company stock worth $116,725,147 over the last 90 days. Insiders own 3.79% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Veracity Capital LLC raised its holdings in Mastercard by 1.1% in the 1st quarter. Veracity Capital LLC now owns 2,658 shares of the credit services provider’s stock valued at $947,000 after acquiring an additional 28 shares in the last quarter. Washington Trust Bank lifted its holdings in Mastercard by 0.3% during the 1st quarter. Washington Trust Bank now owns 9,936 shares of the credit services provider’s stock worth $3,537,000 after buying an additional 28 shares in the last quarter. Boenning & Scattergood Inc. lifted its holdings in Mastercard by 1.1% during the 1st quarter. Boenning & Scattergood Inc. now owns 2,501 shares of the credit services provider’s stock worth $890,000 after buying an additional 28 shares in the last quarter. Arbor Wealth Management LLC lifted its holdings in Mastercard by 0.3% during the 1st quarter. Arbor Wealth Management LLC now owns 9,430 shares of the credit services provider’s stock worth $3,358,000 after buying an additional 29 shares in the last quarter. Finally, Bigelow Investment Advisors LLC lifted its holdings in Mastercard by 1.3% during the 4th quarter. Bigelow Investment Advisors LLC now owns 2,394 shares of the credit services provider’s stock worth $855,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 73.64% 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.

Read More: What is a good rate of return for a mutual fund?

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.