Mastercard (MA) Scheduled to Post Quarterly Earnings on Thursday

Mastercard (NYSE:MA - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $3.69 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts' consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.85 billion. On average, analysts expect Mastercard to post $14 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Mastercard Price Performance

NYSE MA traded down $3.25 during trading hours on Thursday, reaching $510.48. 1,911,997 shares of the stock traded hands, compared to its average volume of 2,433,052. The stock has a 50 day simple moving average of $490.23 and a two-hundred day simple moving average of $464.93. Mastercard has a 1 year low of $359.77 and a 1 year high of $518.82. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $474.55 billion, a price-to-earnings ratio of 40.58, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard's dividend payout ratio is 20.99%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MA. Argus raised shares of Mastercard to a "strong-buy" rating in a research note on Thursday, August 1st. Piper Sandler upped their price target on shares of Mastercard from $531.00 to $536.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. BNP Paribas downgraded Mastercard from an "outperform" rating to a "neutral" rating and set a $470.00 price objective on the stock. in a report on Tuesday, September 3rd. William Blair raised Mastercard to a "strong-buy" rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets restated an "outperform" rating and set a $520.00 price target on shares of Mastercard in a research report on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of "Moderate Buy" and an average price target of $525.68.

Insiders Place Their Bets

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the business's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock worth $159,610,703 over the last three months. Company insiders own 0.10% 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.