Mastercard (MA) to Release Earnings on Wednesday

Mastercard (NYSE:MA) is set to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $3.22 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter last year, the business posted $2.65 earnings per share. On average, analysts expect Mastercard to post $14 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Mastercard Trading Up 1.3 %

Shares of MA stock opened at $462.62 on Wednesday. Mastercard has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The stock has a market cap of $431.57 billion, a P/E ratio of 39.11, a P/E/G ratio of 1.73 and a beta of 1.08. The business has a fifty day simple moving average of $471.71 and a 200-day simple moving average of $435.26. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is currently 22.32%.

Wall Street Analyst Weigh In

MA has been the subject of a number of research analyst reports. Evercore ISI raised their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. BMO Capital Markets increased their price objective on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Raymond James increased their price objective on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. The Goldman Sachs Group increased their price objective on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Wells Fargo & Company increased their price objective on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $490.23.

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the transaction, the insider now owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00. Following the transaction, the insider now directly owns 97,432,308 shares in the company, valued at $44,541,179,602.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 257,630 shares of company stock worth $118,303,470. 0.13% of the stock is currently owned by corporate insiders.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.