Brokers Set Expectations for Mastercard Inc’s FY2021 Earnings (NYSE:MA)

Mastercard Inc (NYSE:MA) – Oppenheimer issued their FY2021 earnings per share estimates for Mastercard in a note issued to investors on Thursday, October 17th. Oppenheimer analyst G. Greene anticipates that the credit services provider will post earnings per share of $10.64 for the year.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.07. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. Mastercard’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $1.66 earnings per share.

MA has been the subject of several other reports. ValuEngine downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. SunTrust Banks lifted their price objective on shares of Mastercard from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Nomura lifted their price objective on shares of Mastercard from $282.00 to $324.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley lifted their price objective on shares of Mastercard from $291.00 to $315.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, Barclays lifted their price objective on shares of Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $299.09.

Shares of MA opened at $261.26 on Monday. The company has a market cap of $274.57 billion, a price-to-earnings ratio of 40.26, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06. Mastercard has a twelve month low of $171.89 and a twelve month high of $293.69. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. The company has a 50 day moving average of $275.00 and a two-hundred day moving average of $264.60.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In other Mastercard news, Director Lance Darrell Gordon Uggla bought 1,500 shares of Mastercard stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $275.71 per share, with a total value of $413,565.00. Following the completion of the acquisition, the director now directly owns 3,691 shares in the company, valued at approximately $1,017,645.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 15,900 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $265.31, for a total transaction of $4,218,429.00. Following the transaction, the insider now directly owns 112,070,462 shares of the company’s stock, valued at approximately $29,733,414,273.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,969 shares of company stock valued at $35,963,564. 3.70% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. Joseph P. Lucia & Associates LLC purchased a new position in Mastercard in the second quarter valued at $26,000. Ellevest Inc. increased its holdings in Mastercard by 52.8% in the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after buying an additional 38 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new position in Mastercard in the second quarter valued at $31,000. Delphi Private Advisors LLC purchased a new position in Mastercard in the second quarter valued at $31,000. Finally, Princeton Global Asset Management LLC purchased a new position in Mastercard in the second quarter valued at $33,000. 74.28% of the stock is owned by hedge funds and other institutional investors.

About Mastercard

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 related products and services.

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Earnings History and Estimates for Mastercard (NYSE:MA)

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