Mastercard (MA) to Release Earnings on Wednesday

Mastercard (NYSE:MA) will 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 released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter in the previous year, the company posted $2.65 EPS. 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 0.1 %

Mastercard stock opened at $462.42 on Monday. The stock has a market cap of $431.39 billion, a PE ratio of 39.09, a P/E/G ratio of 1.76 and a beta of 1.08. The stock has a 50-day moving average price of $471.35 and a 200 day moving average price of $436.61. Mastercard has a 52 week low of $357.85 and a 52 week high of $490.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard Dividend Announcement

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

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 13,542 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 46,491 shares in the company, valued at approximately $21,388,649.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the transaction, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 13,542 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the transaction, the insider now directly owns 46,491 shares in the company, valued at $21,388,649.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 366,630 shares of company stock worth $168,746,490. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on MA shares. TD Cowen started coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective for the company. Robert W. Baird lifted their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Raymond James lifted their price objective on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. BMO Capital Markets lifted their price objective on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lifted their price target on Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

Mastercard Company Profile

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.