Q4 2022 EPS Estimates for Mastercard Incorporated (NYSE:MA) Increased by Analyst

Mastercard Incorporated (NYSE:MAGet Rating) – Investment analysts at Jefferies Financial Group increased their Q4 2022 earnings per share estimates for Mastercard in a research report issued to clients and investors on Wednesday, January 18th. Jefferies Financial Group analyst T. Williams now forecasts that the credit services provider will earn $2.58 per share for the quarter, up from their prior forecast of $2.53. Jefferies Financial Group has a “Buy” rating and a $430.00 price objective on the stock. The consensus estimate for Mastercard’s current full-year earnings is $10.58 per share. Jefferies Financial Group also issued estimates for Mastercard’s Q1 2023 earnings at $2.79 EPS, Q2 2023 earnings at $3.05 EPS, Q3 2023 earnings at $3.26 EPS and Q4 2023 earnings at $3.09 EPS.

MA has been the topic of several other reports. Truist Financial increased their price target on Mastercard from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley reduced their price target on Mastercard from $441.00 to $437.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Redburn Partners assumed coverage on Mastercard in a research note on Tuesday, November 29th. They issued a “neutral” rating on the stock. Barclays dropped their price objective on Mastercard from $430.00 to $428.00 and set an “overweight” rating on the stock in a research note on Monday, October 31st. Finally, StockNews.com assumed coverage on Mastercard in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $405.23.

Mastercard Trading Up 2.3 %

Shares of NYSE MA opened at $376.28 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.25 and a current ratio of 1.25. The business’s 50 day moving average price is $353.48 and its 200-day moving average price is $334.42. Mastercard has a fifty-two week low of $276.87 and a fifty-two week high of $399.92. The company has a market cap of $361.78 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 1.68 and a beta of 1.10.

Mastercard (NYSE:MAGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The credit services provider reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.11. Mastercard had a return on equity of 148.94% and a net margin of 45.22%. The firm had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.66 billion.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 9th. Stockholders of record on Monday, January 9th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Friday, January 6th. This is a positive change from Mastercard’s previous quarterly dividend of $0.49. Mastercard’s dividend payout ratio is currently 22.78%.

Insider Activity

In related news, insider Craig Vosburg sold 6,333 shares of the firm’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $380.05, for a total value of $2,406,856.65. Following the completion of the transaction, the insider now owns 41,314 shares in the company, valued at approximately $15,701,385.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Craig Vosburg sold 6,333 shares of the firm’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $380.05, for a total value of $2,406,856.65. Following the completion of the transaction, the insider now owns 41,314 shares in the company, valued at approximately $15,701,385.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $320.00, for a total value of $2,260,480.00. Following the completion of the transaction, the insider now owns 11,207 shares of the company’s stock, valued at approximately $3,586,240. The disclosure for this sale can be found here. In the last quarter, insiders sold 367,819 shares of company stock worth $117,733,271. Insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Mastercard

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MA. Cottonwood Capital Advisors LLC raised its stake in shares of Mastercard by 5.0% during the 2nd quarter. Cottonwood Capital Advisors LLC now owns 1,249 shares of the credit services provider’s stock valued at $394,000 after buying an additional 59 shares during the last quarter. TCI Wealth Advisors Inc. grew its position in shares of Mastercard by 6.7% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 2,352 shares of the credit services provider’s stock valued at $742,000 after acquiring an additional 147 shares during the period. Well Done LLC grew its position in shares of Mastercard by 9.0% during the 2nd quarter. Well Done LLC now owns 884 shares of the credit services provider’s stock valued at $279,000 after acquiring an additional 73 shares during the period. Aries Wealth Management acquired a new stake in shares of Mastercard during the 2nd quarter valued at about $387,000. Finally, Van ECK Associates Corp grew its position in shares of Mastercard by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 135,993 shares of the credit services provider’s stock valued at $38,668,000 after acquiring an additional 6,905 shares during the period. Hedge funds and other institutional investors own 74.51% of the company’s stock.

Mastercard Company Profile

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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 other payment-related products and services.

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Earnings History and Estimates for Mastercard (NYSE:MA)

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