Mastercard Incorporated (NYSE:MA) issued its earnings results on Tuesday. The credit services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11, Bloomberg Earnings reports. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS.
Shares of Mastercard (NYSE:MA) opened at 148.77 on Wednesday. The firm’s 50-day moving average price is $143.83 and its 200-day moving average price is $129.54. The company has a market cap of $158.42 billion, a PE ratio of 36.92 and a beta of 1.18. Mastercard has a 12 month low of $99.51 and a 12 month high of $152.00.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.59%. Mastercard’s payout ratio is currently 21.78%.
A number of brokerages have recently weighed in on MA. Cantor Fitzgerald reiterated a “buy” rating and issued a $165.00 target price on shares of Mastercard in a report on Tuesday. Sanford C. Bernstein reiterated a “buy” rating and issued a $166.00 target price (up previously from $145.00) on shares of Mastercard in a report on Monday. They noted that the move was a valuation call. Cowen and Company reiterated an “outperform” rating and issued a $137.00 target price (up previously from $129.00) on shares of Mastercard in a report on Sunday, July 30th. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $153.01.
In other news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the transaction, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Insiders have sold a total of 171,035 shares of company stock worth $22,502,109 in the last ninety days. Insiders own 0.30% of the company’s stock.
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Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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