Mastercard (MA) Scheduled to Post Quarterly Earnings on Wednesday

Mastercard (NYSE:MA) will be releasing its earnings data before the market opens on Wednesday, July 31st. Analysts expect Mastercard to post earnings of $3.51 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $2.80 earnings per share. On average, analysts expect Mastercard to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Mastercard Stock Performance

Shares of Mastercard stock opened at $441.30 on Tuesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $410.24 billion, a P/E ratio of 35.08, a P/E/G ratio of 1.73 and a beta of 1.09. The firm has a 50 day simple moving average of $446.14 and a 200 day simple moving average of $456.18. Mastercard has a fifty-two week low of $359.77 and a fifty-two week high of $490.00.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Robert W. Baird raised their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. TD Cowen assumed coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective on the stock. Piper Sandler initiated coverage on shares of Mastercard in a research note on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective on the stock. Evercore ISI reduced their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Susquehanna reissued a “positive” rating and set a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $501.23.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 142,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the transaction, the insider now directly owns 96,377,308 shares in the company, valued at approximately $42,612,262,959.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total value of $136,200.00. Following the transaction, the insider now owns 3,463 shares in the company, valued at approximately $1,572,202. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 142,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the completion of the transaction, the insider now owns 96,377,308 shares in the company, valued at approximately $42,612,262,959.12. The disclosure for this sale can be found here. Insiders have sold 2,720,228 shares of company stock worth $1,224,758,080 in the last ninety days. Insiders own 0.10% of the company’s stock.

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.