$4.94 billion in sales expected for Mastercard Incorporated (NYSE:MA) this quarter

Wall Street analysts expect Mastercard Incorporated (NYSE:MA – Get Rating) to post sales of $4.94 billion in the current fiscal quarter, according to Zacks. Eleven analysts provided estimates for Mastercard’s earnings, with estimates ranging from $4.77 billion to $5.03 billion. Mastercard reported sales of $4.16 billion in the same quarter last year, indicating a positive year-over-year growth rate of 18.8%. The company is due to release its next earnings report on Monday, January 1.

According to Zacks, analysts expect Mastercard to post annual sales of $22.34 billion for the current fiscal year, with estimates ranging from $21.29 billion to $23.08 billion. For the next fiscal year, analysts expect the company to post sales of $26.23 billion, with estimates ranging from $24.97 billion to $27.57 billion. Zacks Investment Research sales averages are an average average based on a survey of research analysts who cover Mastercard.

Mastercard (NYSE:MA – Get Rating) last announced its results on Thursday, January 27. The credit services provider reported earnings per share (EPS) of $2.35 for the quarter, beating Thomson Reuters consensus estimate of $2.19 by $0.16. Mastercard had a return on equity of 122.90% and a net margin of 46.00%. The company posted revenue of $5.22 billion for the quarter, versus analyst estimates of $5.17 billion. During the same period a year earlier, the company posted EPS of $1.64. The company’s quarterly revenue increased by 26.6% compared to the same quarter last year.

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A number of stock analysts have released reports on MA stocks. Morgan Stanley raised its price target on Mastercard from $448.00 to $449.00 and gave the stock an “overweight” rating in a Friday, Jan. 28 research report. Barclays cut its price target on Mastercard from $455.00 to $430.00 in a Friday, January 21 report. Raymond James cut his price target on Mastercard from $453.00 to $447.00 and set an “outperform” rating for the company in a Friday, January 28 report. Mizuho reduced its target price on Mastercard from $465.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, January 7. Finally, Wedbush reduced its target price on Mastercard from $400.00 to $380.00 and set an “outperform” rating for the company in a Monday, Dec. 20 research note. One equity research analyst gave the stock a hold rating and fourteen gave the company’s stock a buy rating. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $429.20.

MA shares opened at $349.35 on Friday. The stock’s 50-day simple moving average is $357.91 and its 200-day simple moving average is $352.03. The company has a debt ratio of 1.78, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $341.48 billion, a PE ratio of 39.88, a P/E/G ratio of 1.71 and a beta of 1.09. Mastercard has a fifty-two week minimum of $305.61 and a fifty-two week maximum of $401.50.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 9. Investors of record on Friday, April 8 will receive a dividend of $0.49. The ex-dividend date is Thursday, April 7. This represents a dividend of $1.96 on an annualized basis and a yield of 0.56%. Mastercard’s dividend payout ratio (DPR) is currently 22.37%.

Mastercard said its board launched a stock repurchase plan on Tuesday, Nov. 30 that authorizes the company to repurchase $8.00 billion in stock. This repurchase authorization authorizes the credit service provider to repurchase up to 2.5% of its shares through purchases on the open market. Stock repurchase plans usually indicate that the management of the company believes that its shares are undervalued.

In other Mastercard news, major shareholder Foundation Mastercard sold 155,060 Mastercard shares in a trade dated Wednesday, February 9. The stock was sold at an average price of $383.74, for a total transaction of $59,502,724.40. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, insider Edward Grunde Mclaughlin sold 15,310 Mastercard shares in a trade dated Friday, January 28. The stock was sold at an average price of $360.26, for a total value of $5,515,580.60. The disclosure of this sale can be found here. During the last quarter, insiders sold 480,490 shares of the company valued at $181,379,981. 0.33% of the shares are currently held by insiders of the company.

Several institutional investors and hedge funds have recently bought and sold shares of MA. Norges Bank acquired a new stake in Mastercard shares during the fourth quarter worth approximately $3,107,220,000. Lone Pine Capital LLC acquired a new stake in Mastercard stock during the fourth quarter worth approximately $1,732,927,000. Nordea Investment Management AB increased its position in Mastercard by 100.8% in Q3. Nordea Investment Management AB now owns 4,210,345 shares of the credit services provider valued at $1,491,346,000 after acquiring an additional 2,113,096 shares during the period. BlueSpruce Investments LP acquired a new position in Mastercard in Q3 worth approximately $602,624,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Mastercard in Q4 valued at approximately $574,844,000. Institutional investors and hedge funds hold 73.86% of the company’s shares.

Mastercard Company Profile (Get a rating)

Mastercard, Inc operates as a technology company. The company engages in the payments industry that connects consumers, financial institutions, merchants, governments and businesses. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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Earnings history and estimates for Mastercard (NYSE:MA)

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