Wedbush Comments on Mastercard Inc’s Q1 2021 Earnings (NYSE:MA)
Mastercard Inc (NYSE:MA) – Stock analysts at Wedbush lowered their Q1 2021 EPS estimates for shares of Mastercard in a report issued on Monday, March 23rd. Wedbush analyst M. Katri now anticipates that the credit services provider will post earnings per share of $2.08 for the quarter, down from their previous estimate of $2.38. Wedbush also issued estimates for Mastercard’s Q3 2021 earnings at $2.61 EPS and Q4 2021 earnings at $2.72 EPS.
Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, January 29th. The credit services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.87 by $0.09. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.40 billion. Mastercard had a net margin of 48.08% and a return on equity of 150.46%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 earnings per share.
Mastercard stock opened at $256.48 on Wednesday. The company has a 50-day simple moving average of $294.04 and a 200-day simple moving average of $290.15. The firm has a market capitalization of $204.34 billion, a P/E ratio of 32.30, a P/E/G ratio of 1.52 and a beta of 1.00. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.42 and a current ratio of 1.42. Mastercard has a one year low of $199.99 and a one year high of $347.25.
A number of hedge funds have recently bought and sold shares of the business. Pantheon Investment Group LLC purchased a new stake in Mastercard during the fourth quarter valued at about $861,000. HighMark Wealth Management LLC purchased a new stake in Mastercard during the fourth quarter valued at about $59,000. Quadrant Capital Group LLC lifted its stake in Mastercard by 7.3% during the fourth quarter. Quadrant Capital Group LLC now owns 16,422 shares of the credit services provider’s stock valued at $4,876,000 after buying an additional 1,114 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Mastercard by 4.0% during the fourth quarter. Macquarie Group Ltd. now owns 709,496 shares of the credit services provider’s stock valued at $211,848,000 after buying an additional 27,092 shares in the last quarter. Finally, Wealth Advisors Inc. purchased a new stake in Mastercard during the fourth quarter valued at about $12,736,000. 75.61% of the stock is owned by institutional investors.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 28,526 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $302.16, for a total value of $8,619,416.16. Following the completion of the sale, the insider now directly owns 43,215 shares of the company’s stock, valued at approximately $13,057,844.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 38,536 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $312.75, for a total transaction of $12,052,134.00. Following the completion of the sale, the insider now directly owns 111,833,391 shares of the company’s stock, valued at $34,975,893,035.25. The disclosure for this sale can be found here. Insiders sold a total of 425,819 shares of company stock valued at $135,948,244 over the last three months. 3.70% of the stock is owned by corporate insiders.
Mastercard announced that its board has approved a share repurchase plan on Tuesday, December 3rd that permits the company to buyback $8.00 billion in shares. This buyback authorization permits the credit services provider to purchase up to 2.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Wednesday, April 8th. Mastercard’s payout ratio is 20.59%.
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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