Mastercard (NYSE:MA) Releases Earnings Results, Beats Estimates By $0.09 EPS

Mastercard (NYSE:MA) posted its quarterly earnings results on Wednesday. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09, Briefing.com reports. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the previous year, the company earned $2.80 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year.

Mastercard Stock Performance

Shares of NYSE MA traded up $2.48 during mid-day trading on Friday, hitting $443.58. The company had a trading volume of 3,692,584 shares, compared to its average volume of 2,472,035. Mastercard has a 12 month low of $357.85 and a 12 month high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.17. The firm has a market cap of $413.81 billion, a P/E ratio of 35.06, a PEG ratio of 1.68 and a beta of 1.08. The business’s 50-day simple moving average is $470.17 and its 200-day simple moving average is $437.44.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Raymond James boosted their price objective on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. KeyCorp increased their price target on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Mizuho decreased their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday. TD Cowen started coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price for the company. Finally, BMO Capital Markets increased their target price on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $493.55.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders sold a total of 583,088 shares of company stock valued at $266,873,978 over the last quarter. Corporate insiders own 0.13% 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.