Analysts Anticipate Mastercard Inc (MA) Will Announce Earnings of $1.82 Per Share
Analysts forecast that Mastercard Inc (NYSE:MA) will announce earnings per share (EPS) of $1.82 for the current quarter, according to Zacks. Twelve analysts have issued estimates for Mastercard’s earnings, with the lowest EPS estimate coming in at $1.73 and the highest estimate coming in at $1.90. Mastercard reported earnings of $1.66 per share during the same quarter last year, which would indicate a positive year over year growth rate of 9.6%. The business is expected to announce its next quarterly earnings results on Thursday, July 25th.
According to Zacks, analysts expect that Mastercard will report full year earnings of $7.60 per share for the current financial year, with EPS estimates ranging from $7.46 to $7.73. For the next financial year, analysts expect that the company will report earnings of $8.98 per share, with EPS estimates ranging from $8.70 to $9.16. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Mastercard.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.12. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the prior year, the company posted $1.50 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis.
Shares of Mastercard stock traded up $3.21 during mid-day trading on Wednesday, hitting $249.15. The stock had a trading volume of 3,549,481 shares, compared to its average volume of 3,410,534. Mastercard has a 12-month low of $171.89 and a 12-month high of $257.43. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41. The stock has a market cap of $246.57 billion, a price-to-earnings ratio of 38.39, a price-to-earnings-growth ratio of 1.91 and a beta of 1.15.
In other Mastercard news, CEO Ajay Banga sold 252,600 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $250.92, for a total value of $63,382,392.00. Following the sale, the chief executive officer now directly owns 427,638 shares of the company’s stock, valued at approximately $107,302,926.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Miebach sold 2,711 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $245.00, for a total transaction of $664,195.00. Following the completion of the sale, the insider now directly owns 20,492 shares in the company, valued at $5,020,540. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 381,530 shares of company stock worth $93,705,711. 0.32% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the business. Focused Wealth Management Inc acquired a new stake in shares of Mastercard in the 4th quarter worth $25,000. Valley National Advisers Inc. grew its holdings in shares of Mastercard by 210.9% during the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after buying an additional 97 shares in the last quarter. Ruggie Capital Group purchased a new stake in shares of Mastercard during the fourth quarter worth about $27,000. Harvest Group Wealth Management LLC purchased a new stake in shares of Mastercard during the first quarter worth about $35,000. Finally, New Capital Management LP grew its holdings in shares of Mastercard by 50.0% during the fourth quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock worth $28,000 after buying an additional 50 shares in the last quarter. 75.29% of the stock is currently owned by institutional investors.
Mastercard Company Profile
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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