Mastercard Inc (MA) Expected to Announce Earnings of $1.04 Per Share

Analysts predict that Mastercard Inc (NYSE:MA) will announce earnings per share of $1.04 for the current quarter, Zacks reports. Nine analysts have made estimates for Mastercard’s earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $0.98. Mastercard reported earnings per share of $0.96 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The business is expected to report its next earnings report on Thursday, July 27th.

According to Zacks, analysts expect that Mastercard will report full-year earnings of $4.28 per share for the current year, with EPS estimates ranging from $4.22 to $4.38. For the next fiscal year, analysts anticipate that the company will report earnings of $4.97 per share, with EPS estimates ranging from $4.84 to $5.06. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Mastercard.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. Mastercard had a net margin of 37.67% and a return on equity of 71.09%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year.

Several research analysts recently issued reports on MA shares. Barclays PLC reduced their target price on shares of Mastercard to $124.00 in a report on Wednesday, February 1st. Piper Jaffray Companies reissued a “buy” rating on shares of Mastercard in a report on Friday, April 14th. Jefferies Group LLC set a $123.00 target price on shares of Mastercard and gave the stock a “buy” rating in a report on Saturday, March 25th. Vetr cut shares of Mastercard from a “strong-buy” rating to a “buy” rating and set a $121.89 price objective for the company. in a report on Tuesday, February 14th. Finally, Loop Capital initiated coverage on shares of Mastercard in a report on Tuesday, February 14th. They issued a “buy” rating and a $119.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $118.92.

Shares of Mastercard (NYSE:MA) traded down 0.24% during midday trading on Thursday, hitting $121.63. 2,142,128 shares of the stock were exchanged. The stock has a market cap of $130.37 billion, a price-to-earnings ratio of 31.76 and a beta of 1.26. Mastercard has a 12 month low of $86.65 and a 12 month high of $122.48. The firm’s 50-day moving average is $116.22 and its 200-day moving average is $109.84.

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In related news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $112.24, for a total transaction of $561,200.00. Following the sale, the director now directly owns 49,313 shares of the company’s stock, valued at approximately $5,534,891.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Timothy H. Murphy sold 24,128 shares of the company’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $112.25, for a total transaction of $2,708,368.00. Following the sale, the general counsel now directly owns 53,407 shares in the company, valued at $5,994,935.75. The disclosure for this sale can be found here. Insiders sold a total of 275,592 shares of company stock worth $32,014,163 over the last three months. Insiders own 3.14% of the company’s stock.

Large investors have recently made changes to their positions in the company. Egerton Capital UK LLP increased its stake in shares of Mastercard by 15.0% in the third quarter. Egerton Capital UK LLP now owns 3,079,473 shares of the credit services provider’s stock valued at $313,398,000 after buying an additional 402,332 shares during the last quarter. Bank of The Ozarks increased its stake in shares of Mastercard by 3.2% in the third quarter. Bank of The Ozarks now owns 12,058 shares of the credit services provider’s stock valued at $1,227,000 after buying an additional 375 shares during the last quarter. Klingenstein Fields & Co. LLC increased its stake in shares of Mastercard by 53.9% in the third quarter. Klingenstein Fields & Co. LLC now owns 7,840 shares of the credit services provider’s stock valued at $798,000 after buying an additional 2,745 shares during the last quarter. Bridgewater Wealth & Financial Management LLC increased its stake in shares of Mastercard by 1.2% in the third quarter. Bridgewater Wealth & Financial Management LLC now owns 46,668 shares of the credit services provider’s stock valued at $4,749,000 after buying an additional 570 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Mastercard by 9.2% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 147,322 shares of the credit services provider’s stock valued at $14,993,000 after buying an additional 12,400 shares during the last quarter. 75.53% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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