Mastercard (MA) Scheduled to Post Quarterly Earnings on Wednesday

Mastercard (NYSE:MA) will issue its quarterly earnings data before the market opens on Wednesday, July 31st. Analysts expect the company to announce earnings of $3.51 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

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

Mastercard Stock Up 0.7 %

MA 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 stock has a market capitalization of $410.24 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09. The business has a 50-day moving average of $446.14 and a two-hundred day moving average of $456.18. Mastercard has a 12 month low of $359.77 and a 12 month high of $490.00.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MA. Mizuho reduced their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Evercore ISI reduced their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Barclays reduced their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Robert W. Baird lifted their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $501.23.

Insider Activity

In other news, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the sale, the insider now directly owns 58,940 shares in the company, valued at approximately $26,362,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Foundation Mastercard sold 151,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the transaction, the insider now directly owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the transaction, the insider now owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,720,228 shares of company stock worth $1,224,758,080. 0.10% of the stock is currently owned by insiders.

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.