Mastercard (MA) Expected to Announce Quarterly Earnings on Thursday

Mastercard (NYSE:MA) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Mastercard to post earnings of $3.71 per share and revenue of $7,385,626.37 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the company posted $3.39 EPS. The business’s revenue was up 12.8% on a year-over-year basis. On average, analysts expect Mastercard to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Mastercard Price Performance

Shares of Mastercard stock opened at $547.53 on Tuesday. Mastercard has a twelve month low of $428.86 and a twelve month high of $547.99. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $502.53 billion, a P/E ratio of 41.42, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The firm’s 50-day simple moving average is $524.77 and its 200-day simple moving average is $497.91.

Mastercard announced that its Board of Directors has approved a stock buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a $0.76 dividend. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 annualized dividend and a yield of 0.56%. Mastercard’s payout ratio is currently 23.00%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Jefferies Financial Group increased their price target on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised their target price on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen upped their price target on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Oppenheimer dropped their target price on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Finally, Citigroup increased their price target on shares of Mastercard from $572.00 to $584.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $567.29.

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.