Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services. The company offers integrated products and value-added services for account holders, merchants, financial institutions, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; prepaid programs and management services; commercial credit and debit payment products and solutions; and payment products and solutions that allow its customers to access funds in deposit and other accounts. It also provides value-added products and services comprising cyber and intelligence solutions for parties to transact, as well as proprietary insights, drawing on principled use of consumer, and merchant data services. In addition, the company offers analytics, test and learn, consulting, managed services, loyalty, processing, and payment gateway solutions for e-commerce merchants. Further, it provides open banking and digital identity platforms services. The company offers payment solutions and services under the MasterCard, Maestro, and Cirrus. Mastercard Incorporated was founded in 1966 and is headquartered in Purchase, New York.
Mastercard Stock Performance
Shares of MA opened at $359.95 on Tuesday. Mastercard has a 1 year low of $303.65 and a 1 year high of $399.92. The firm has a fifty day moving average of $334.94 and a 200-day moving average of $347.53. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $347.85 billion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 1.68 and a beta of 1.04.
Mastercard (NYSE:MA - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The credit services provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.36 by $0.20. The firm had revenue of $5.50 billion for the quarter, compared to analysts' expectations of $5.26 billion. Mastercard had a net margin of 46.49% and a return on equity of 143.35%. Mastercard's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 earnings per share. As a group, equities analysts anticipate that Mastercard will post 10.63 earnings per share for the current year.
Mastercard Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 9th. Stockholders of record on Friday, July 8th were issued a $0.49 dividend. The ex-dividend date of this dividend was Thursday, July 7th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard's dividend payout ratio is 19.86%.
Analyst Upgrades and Downgrades
MA has been the topic of several recent research reports. Macquarie decreased their target price on shares of Mastercard from $440.00 to $410.00 in a research report on Friday, July 29th. Wells Fargo & Company decreased their target price on shares of Mastercard from $450.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mastercard from $420.00 to $440.00 in a research report on Friday, April 29th. Tigress Financial restated a "buy" rating and issued a $472.00 target price on shares of Mastercard in a research note on Friday, July 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Mastercard from $430.00 to $425.00 in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $415.95.