Mastercard (NYSE:MA) Announces Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Mastercard (NYSE:MA) released its earnings results on Thursday. The credit services provider reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.21, MarketWatch Earnings reports. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.26 billion. Mastercard had a return on equity of 129.52% and a net margin of 45.12%. Mastercard’s quarterly revenue was down 19.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.89 earnings per share.

NYSE MA traded down $0.47 during trading hours on Friday, hitting $308.53. 4,684,553 shares of the company were exchanged, compared to its average volume of 3,495,101. The stock has a 50-day moving average price of $301.05 and a 200 day moving average price of $291.69. The company has a quick ratio of 1.87, a current ratio of 1.95 and a debt-to-equity ratio of 1.92. Mastercard has a 52 week low of $199.99 and a 52 week high of $347.25. The stock has a market cap of $310.16 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 3.82 and a beta of 1.08.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, July 8th. This represents a $1.60 annualized dividend and a yield of 0.52%. Mastercard’s payout ratio is currently 20.59%.

Several research firms recently weighed in on MA. Goldman Sachs Group began coverage on Mastercard in a research report on Tuesday, July 14th. They set a “buy” rating and a $364.00 target price on the stock. Robert W. Baird boosted their price objective on Mastercard from $270.00 to $308.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. UBS Group lowered their price objective on Mastercard from $345.00 to $315.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Raymond James boosted their price objective on Mastercard from $301.00 to $351.00 and gave the company an “outperform” rating in a research report on Friday. Finally, KeyCorp boosted their price objective on Mastercard from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Five analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Mastercard has an average rating of “Buy” and a consensus target price of $331.97.

In other Mastercard news, Director Julius Genachowski sold 2,009 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $281.79, for a total transaction of $566,116.11. Following the sale, the director now directly owns 7,346 shares of the company’s stock, valued at $2,070,029.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ajay Banga sold 61,067 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $315.89, for a total value of $19,290,454.63. Following the sale, the chief executive officer now directly owns 384,371 shares in the company, valued at $121,418,955.19. The disclosure for this sale can be found here. Insiders have sold 1,005,122 shares of company stock worth $304,245,598 over the last three months. 3.79% of the stock is currently owned by insiders.

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 for Mastercard (NYSE:MA)

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