Q4 2022 EPS Estimates for Mastercard Incorporated Raised by Analyst (NYSE:MA)

Mastercard Incorporated (NYSE:MAGet Rating) – Analysts at Jefferies Financial Group lifted their Q4 2022 EPS estimates for Mastercard in a note issued to investors on Wednesday, January 18th. Jefferies Financial Group analyst T. Williams now anticipates that the credit services provider will earn $2.58 per share for the quarter, up from their prior estimate of $2.53. Jefferies Financial Group currently has a “Buy” rating and a $430.00 price target on the stock. The consensus estimate for Mastercard’s current full-year earnings is $10.58 per share. Jefferies Financial Group also issued estimates for Mastercard’s Q1 2023 earnings at $2.79 EPS, Q2 2023 earnings at $3.05 EPS, Q3 2023 earnings at $3.26 EPS and Q4 2023 earnings at $3.09 EPS.

Mastercard (NYSE:MAGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The credit services provider reported $2.68 EPS for the quarter, beating the consensus estimate of $2.57 by $0.11. Mastercard had a return on equity of 148.94% and a net margin of 45.22%. The firm had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.66 billion.

A number of other equities research analysts have also issued reports on the company. Atlantic Securities lowered their target price on Mastercard from $400.00 to $345.00 and set an “overweight” rating for the company in a research note on Wednesday, October 12th. Citigroup reduced their price objective on shares of Mastercard from $415.00 to $400.00 in a research note on Friday, October 28th. Keefe, Bruyette & Woods cut their target price on shares of Mastercard from $445.00 to $388.00 in a research report on Monday, October 10th. Moffett Nathanson lowered their target price on shares of Mastercard to $420.00 in a research report on Tuesday, November 1st. Finally, Royal Bank of Canada reduced their price objective on shares of Mastercard from $400.00 to $392.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $405.23.

Mastercard Stock Performance

NYSE:MA opened at $376.28 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 2.11. Mastercard has a twelve month low of $276.87 and a twelve month high of $399.92. The company has a market capitalization of $361.78 billion, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The firm has a 50-day moving average price of $353.48 and a two-hundred day moving average price of $334.53.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 9th. Shareholders of record on Monday, January 9th will be issued a $0.57 dividend. This is a positive change from Mastercard’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, January 6th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.61%. Mastercard’s dividend payout ratio (DPR) is presently 22.78%.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 177,211 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $319.89, for a total transaction of $56,688,026.79. Following the completion of the sale, the insider now directly owns 102,566,047 shares of the company’s stock, valued at $32,809,852,774.83. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, major shareholder Foundation Mastercard sold 177,211 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $319.89, for a total value of $56,688,026.79. Following the transaction, the insider now owns 102,566,047 shares of the company’s stock, valued at $32,809,852,774.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $320.00, for a total value of $2,260,480.00. Following the transaction, the insider now directly owns 11,207 shares of the company’s stock, valued at $3,586,240. The disclosure for this sale can be found here. In the last ninety days, insiders sold 367,819 shares of company stock worth $117,733,271. 0.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mastercard

Large investors have recently modified their holdings of the business. Bishop Rock Capital L.P. grew its position in Mastercard by 32,213.1% during the 2nd quarter. Bishop Rock Capital L.P. now owns 4,889,940 shares of the credit services provider’s stock worth $15,500,000 after purchasing an additional 4,874,807 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Mastercard by 13.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 26,909,008 shares of the credit services provider’s stock valued at $8,489,253,000 after buying an additional 3,102,135 shares during the period. Egerton Capital UK LLP boosted its holdings in Mastercard by 181.5% in the second quarter. Egerton Capital UK LLP now owns 2,404,051 shares of the credit services provider’s stock valued at $758,430,000 after purchasing an additional 1,550,025 shares during the period. Jennison Associates LLC grew its position in shares of Mastercard by 18.2% during the second quarter. Jennison Associates LLC now owns 7,752,362 shares of the credit services provider’s stock worth $2,445,715,000 after buying an additional 1,193,676 shares in the last quarter. Finally, Great West Life Assurance Co. Can acquired a new position in Mastercard during the 3rd quarter worth approximately $237,635,000. Institutional investors own 74.51% of the company’s stock.

About Mastercard

(Get Rating)

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

Recommended Stories

Earnings History and Estimates for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.