$3.98 Billion in Sales Expected for Mastercard Incorporated (NYSE:MA) This Quarter


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Brokerages expect Mastercard Incorporated (NYSE:MA) to report $3.98 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have made estimates for Mastercard’s earnings. The highest sales estimate is $4.19 billion and the lowest is $3.82 billion. Mastercard posted sales of $4.01 billion in the same quarter last year, which would indicate a negative year over year growth rate of 0.7%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, May 5th.

According to Zacks, analysts expect that Mastercard will report full-year sales of $18.11 billion for the current year, with estimates ranging from $17.30 billion to $18.54 billion. For the next fiscal year, analysts anticipate that the company will report sales of $21.27 billion, with estimates ranging from $19.75 billion to $22.60 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Mastercard.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 28th. The credit services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Mastercard had a return on equity of 114.80% and a net margin of 43.13%. Mastercard’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.07 EPS.

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on Mastercard from $383.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, January 14th. Morgan Stanley upped their price target on Mastercard from $375.00 to $377.00 and gave the stock an “overweight” rating in a report on Friday, January 29th. KeyCorp reduced their price target on Mastercard from $365.00 to $325.00 and set an “overweight” rating for the company in a report on Monday, November 2nd. Bank of America raised Mastercard from a “neutral” rating to a “buy” rating and set a $400.00 target price for the company in a report on Wednesday, January 6th. Finally, Seaport Global Securities started coverage on Mastercard in a report on Monday, December 7th. They set a “buy” rating and a $370.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $356.47.

NYSE MA traded up $9.76 during trading hours on Tuesday, reaching $350.42. The company’s stock had a trading volume of 6,280,958 shares, compared to its average volume of 4,513,912. The firm has a market capitalization of $348.09 billion, a price-to-earnings ratio of 51.07, a P/E/G ratio of 2.56 and a beta of 1.19. Mastercard has a 1-year low of $199.99 and a 1-year high of $367.25. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.85 and a quick ratio of 1.85. The company’s 50-day moving average is $335.30 and its two-hundred day moving average is $334.85.

Mastercard declared that its Board of Directors has approved a share buyback program on Tuesday, December 8th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase up to 1.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 7th. Shareholders of record on Friday, April 9th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Thursday, April 8th. Mastercard’s dividend payout ratio is currently 22.65%.

In related news, insider Edward Grunde Mclaughlin sold 13,248 shares of Mastercard stock in a transaction that occurred on Friday, January 8th. The shares were sold at an average price of $350.73, for a total value of $4,646,471.04. Following the completion of the transaction, the insider now owns 38,447 shares in the company, valued at $13,484,516.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 57,194 shares of Mastercard stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $340.03, for a total transaction of $19,447,675.82. Following the completion of the transaction, the insider now owns 108,039,041 shares of the company’s stock, valued at approximately $36,736,515,111.23. The disclosure for this sale can be found here. Insiders have sold 764,346 shares of company stock worth $252,786,532 over the last 90 days. Insiders own 3.79% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Regentatlantic Capital LLC raised its holdings in Mastercard by 0.5% during the third quarter. Regentatlantic Capital LLC now owns 11,107 shares of the credit services provider’s stock worth $3,756,000 after purchasing an additional 52 shares in the last quarter. GFG Capital LLC increased its holdings in shares of Mastercard by 4.0% in the 3rd quarter. GFG Capital LLC now owns 14,626 shares of the credit services provider’s stock valued at $4,946,000 after acquiring an additional 564 shares during the period. PDS Planning Inc increased its holdings in shares of Mastercard by 6.9% in the 3rd quarter. PDS Planning Inc now owns 973 shares of the credit services provider’s stock valued at $329,000 after acquiring an additional 63 shares during the period. Aptus Capital Advisors LLC increased its holdings in shares of Mastercard by 2.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 19,788 shares of the credit services provider’s stock valued at $6,691,000 after acquiring an additional 490 shares during the period. Finally, Scharf Investments LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at $278,000. Institutional investors 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.

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