Mastercard Incorporated to Post Q1 2022 Earnings of $2.15 Per Share, Jefferies Financial Group Forecasts (NYSE:MA)

Mastercard Incorporated (NYSE:MAGet Rating) – Investment analysts at Jefferies Financial Group dropped their Q1 2022 earnings per share estimates for shares of Mastercard in a research report issued to clients and investors on Tuesday, April 19th. Jefferies Financial Group analyst T. Williams now anticipates that the credit services provider will post earnings per share of $2.15 for the quarter, down from their previous forecast of $2.18. Jefferies Financial Group also issued estimates for Mastercard’s Q2 2022 earnings at $2.23 EPS, Q3 2022 earnings at $2.55 EPS, Q4 2022 earnings at $2.79 EPS, FY2022 earnings at $9.72 EPS, Q1 2023 earnings at $2.63 EPS and Q3 2023 earnings at $3.31 EPS.

Mastercard (NYSE:MAGet Rating) last posted its quarterly earnings results on Thursday, January 27th. The credit services provider reported $2.35 EPS for the quarter, topping the Zacks’ 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 had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same period in the previous year, the firm earned $1.64 EPS. The firm’s revenue was up 26.6% compared to the same quarter last year.

MA has been the topic of a number of other research reports. Barclays decreased their price target on shares of Mastercard from $430.00 to $420.00 and set an “overweight” rating on the stock in a research note on Monday, April 4th. Morgan Stanley lifted their price target on Mastercard from $448.00 to $449.00 and gave the stock an “overweight” rating in a research report on Friday, January 28th. StockNews.com assumed coverage on Mastercard in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Mizuho dropped their price target on Mastercard from $465.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, January 7th. Finally, Bank of America dropped their price target on Mastercard from $416.00 to $402.00 and set a “buy” rating for the company in a research report on Monday. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $426.88.

Shares of MA opened at $363.87 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $355.67 billion, a price-to-earnings ratio of 41.54, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. Mastercard has a 1 year low of $305.61 and a 1 year high of $401.50. The business’s 50 day simple moving average is $353.05 and its 200-day simple moving average is $353.07.

A number of large investors have recently modified their holdings of the stock. State Street Corp grew its holdings in Mastercard by 4.4% in the fourth quarter. State Street Corp now owns 35,528,530 shares of the credit services provider’s stock worth $12,766,111,000 after purchasing an additional 1,511,927 shares during the last quarter. Morgan Stanley grew its holdings in shares of Mastercard by 4.6% during the third quarter. Morgan Stanley now owns 19,650,864 shares of the credit services provider’s stock valued at $6,832,213,000 after buying an additional 871,206 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Mastercard by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 15,148,167 shares of the credit services provider’s stock valued at $5,429,311,000 after buying an additional 421,767 shares during the last quarter. Capital International Investors grew its holdings in shares of Mastercard by 8.5% during the fourth quarter. Capital International Investors now owns 14,789,616 shares of the credit services provider’s stock valued at $5,314,216,000 after buying an additional 1,160,809 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Mastercard during the fourth quarter valued at $3,107,220,000. 73.86% of the stock is owned by institutional investors.

In related news, insider Craig Vosburg sold 1,561 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $365.00, for a total value of $569,765.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 155,060 shares of the business’s stock in a transaction that occurred on Monday, February 7th. The stock was sold at an average price of $377.50, for a total transaction of $58,535,150.00. The disclosure for this sale can be found here. Insiders have sold 482,051 shares of company stock valued at $181,949,746 in the last ninety days. Insiders own 0.33% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 9th. Stockholders of record on Friday, April 8th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Thursday, April 7th. Mastercard’s dividend payout ratio is presently 22.37%.

About Mastercard (Get Rating)

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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