Analysts expect Mastercard Incorporated (NYSE:MA) to post quarterly sales of $4.97 billion

Equity research analysts expect Mastercard Incorporated (NYSE:MA) to post sales of $4.97 billion for the current fiscal quarter, Zacks reports. Twelve analysts have released estimates of Mastercard’s earnings, with estimates ranging from $4.90 billion to $5.17 billion. Mastercard posted sales of $4.16 billion in the same quarter last year, which would indicate a positive growth rate of 19.5% year over year. The company is expected to announce its next quarterly results on Thursday, May 5.

On average, analysts expect Mastercard to record annual sales of $22.49 billion for the current year, with estimates ranging from $22.02 billion to $23.08 billion. For next year, analysts expect the company to post sales of $26.36 billion, with estimates ranging from $25.45 billion to $27.57 billion. Zacks Investment Research’s sales calculations are an average average based on a survey of sell-side research firms that provide coverage for Mastercard.

Mastercard (NYSE:MA) last announced its quarterly results on Thursday, January 27. The credit service provider reported earnings per share of $2.35 for the quarter, beating Thomson Reuters consensus estimate of $2.21 by $0.14. 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 $5.17 billion expected by analysts. In the same period a year earlier, the company posted earnings of $1.64 per share. The company’s revenue increased 26.6% year over year.

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Several research companies have recently weighed in on MA. Mizuho cut its price target on Mastercard shares from $465.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, January 7. Royal Bank of Canada lowered its price target on Mastercard shares from $412.00 to $403.00 and set an “outperform” rating for the stock in a Friday, October 29 research report. Wells Fargo & Company raised its price target on Mastercard shares from $400.00 to $430.00 and gave the stock an “overweight” rating in a Thursday, November 11 research report. UBS Group assumed coverage for Mastercard shares in a Thursday, Nov. 18, research report. They issued a “buy” rating and a price target of $448.00 on the stock. Finally, Morgan Stanley raised its target price on Mastercard from $448.00 to $449.00 and gave the stock an “overweight” rating in a Friday, Jan. 28 research note. Two investment analysts gave the stock a hold rating and fifteen gave the company a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $426.24.

MA shares opened at $369.77 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.29 and a debt ratio of 1.78. The company’s 50-day moving average price is $362.40 and its 200-day moving average price is $354.85. The stock has a market capitalization of $363.32 billion, a PE ratio of 42.21, a P/E/G ratio of 1.83 and a beta of 1.08. Mastercard has a twelve month minimum of $306.00 and a twelve month maximum of $401.50.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 9. Shareholders of record on Friday, April 8 will receive a dividend of $0.49 per share. This represents a dividend of $1.96 on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Thursday, April 7. Mastercard’s dividend payout ratio (DPR) is currently 22.37%.

Mastercard said its board approved a stock repurchase plan on Tuesday, Nov. 30 that sees the company repurchase $8.00 billion worth of stock. This repurchase authorization allows the credit service provider to purchase up to 2.5% of its shares through open market purchases. Stock buyback plans are usually an indication that a company’s management believes its stock is undervalued.

Separately, major shareholder Foundation Mastercard sold 90,994 shares of the company in a transaction that took place on Wednesday, December 1. The stock was sold at an average price of $315.30, for a total transaction of $28,690,408.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Additionally, insider Edward Grunde Mclaughlin sold 15,310 shares of the company in a trade that took place on Friday, January 28. The shares were 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. In the past 90 days, insiders have sold 973,058 shares of the company valued at $338,531,000. 0.33% of the shares are held by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the company. KRS Capital Management LLC bought a new position in Mastercard in the fourth quarter worth $946,000. Primecap Management Co. CA increased its stake in Mastercard by 15.6% in the fourth quarter. Primecap Management Co. CA now owns 308,100 shares of the credit service provider worth $110,706,000 after purchasing an additional 41,600 shares last quarter. Alberta Investment Management Corp increased its holdings in Mastercard by 179.4% in the fourth quarter. Alberta Investment Management Corp now owns 339,500 shares of the credit service provider worth $121,989,000 after buying an additional 218,000 shares last quarter. Endowment Wealth Management Inc. bought a new position in Mastercard in the fourth quarter worth $237,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Mastercard by 2.9% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 786,211 shares of the credit services provider worth $282,501,000 after buying 22,494 more shares last quarter. Institutional investors and hedge funds own 73.32% of the company’s shares.

About Mastercard

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.

Further reading

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Earnings history and estimates for Mastercard (NYSE:MA)

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