FY2021 EPS Estimates for Mastercard Incorporated Boosted by Jefferies Financial Group (NYSE:MA)

Mastercard Incorporated (NYSE:MA) – Equities researchers at Jefferies Financial Group lifted their FY2021 EPS estimates for Mastercard in a note issued to investors on Wednesday, January 12th. Jefferies Financial Group analyst T. Williams now forecasts that the credit services provider will post earnings per share of $8.25 for the year, up from their previous estimate of $8.24. Jefferies Financial Group also issued estimates for Mastercard’s Q4 2021 earnings at $2.19 EPS, Q1 2022 earnings at $2.21 EPS, Q2 2022 earnings at $2.44 EPS, Q3 2022 earnings at $2.80 EPS, Q4 2022 earnings at $3.04 EPS, FY2022 earnings at $10.49 EPS, Q2 2023 earnings at $3.02 EPS, Q3 2023 earnings at $3.50 EPS, Q4 2023 earnings at $3.72 EPS and FY2023 earnings at $13.01 EPS.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 28th. The credit services provider reported $2.37 EPS for the quarter, topping the consensus estimate of $2.19 by $0.18. Mastercard had a net margin of 45.50% and a return on equity of 116.88%. The company had revenue of $4.99 billion during the quarter, compared to analysts’ expectations of $4.95 billion. During the same quarter in the previous year, the business posted $1.60 EPS. The firm’s revenue was up 29.9% on a year-over-year basis.

Several other research firms have also recently commented on MA. UBS Group assumed coverage on shares of Mastercard in a report on Thursday, November 18th. They set a “buy” rating and a $448.00 price target for the company. Wells Fargo & Company boosted their price target on shares of Mastercard from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Thursday, November 11th. Raymond James boosted their price target on shares of Mastercard from $430.00 to $453.00 and gave the stock an “outperform” rating in a report on Tuesday. Royal Bank of Canada lowered their price target on shares of Mastercard from $412.00 to $403.00 and set an “outperform” rating for the company in a report on Friday, October 29th. Finally, Wedbush dropped their target price on shares of Mastercard from $400.00 to $380.00 and set an “outperform” rating on the stock in a research report on Monday, December 20th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $426.63.

NYSE MA opened at $372.14 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.95. Mastercard has a 52 week low of $306.00 and a 52 week high of $401.50. The stock has a market capitalization of $365.65 billion, a PE ratio of 45.77, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15. The firm has a 50 day moving average of $350.03 and a two-hundred day moving average of $355.93.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 9th. Investors of record on Friday, January 7th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.53%. The ex-dividend date is Thursday, January 6th. This is a boost from Mastercard’s previous quarterly dividend of $0.44. Mastercard’s payout ratio is 24.11%.

Mastercard announced that its Board of Directors has approved a stock buyback program on Tuesday, November 30th that permits the company to buyback $8.00 billion in outstanding shares. This buyback authorization permits the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In related news, major shareholder Foundation Mastercard sold 90,994 shares of the business’s stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $354.40, for a total value of $32,248,273.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael Miebach sold 10,670 shares of the business’s stock in a transaction dated Monday, November 15th. The shares were sold at an average price of $370.00, for a total value of $3,947,900.00. The disclosure for this sale can be found here. Insiders sold a total of 647,628 shares of company stock worth $214,977,545 in the last 90 days. 0.33% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MA. Cranbrook Wealth Management LLC increased its position in Mastercard by 217.4% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 73 shares of the credit services provider’s stock worth $25,000 after purchasing an additional 50 shares during the period. Moors & Cabot Inc. boosted its stake in shares of Mastercard by 280.0% during the 3rd quarter. Moors & Cabot Inc. now owns 37,000 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 27,263 shares in the last quarter. Capital Directions Investment Advisors LLC boosted its stake in shares of Mastercard by 234.4% during the 2nd quarter. Capital Directions Investment Advisors LLC now owns 107 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 75 shares in the last quarter. Avion Wealth boosted its stake in shares of Mastercard by 34.0% during the 3rd quarter. Avion Wealth now owns 134 shares of the credit services provider’s stock worth $47,000 after acquiring an additional 34 shares in the last quarter. Finally, Core Alternative Capital purchased a new stake in shares of Mastercard during the 3rd quarter worth approximately $47,000. Institutional investors own 73.32% of the company’s stock.

Mastercard Company Profile

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. 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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