Wedbush Comments on Mastercard Inc’s Q1 2018 Earnings (MA)
Mastercard Inc (NYSE:MA) – Equities research analysts at Wedbush increased their Q1 2018 earnings per share (EPS) estimates for Mastercard in a research note issued on Thursday. Wedbush analyst M. Katri now forecasts that the credit services provider will post earnings of $1.23 per share for the quarter, up from their previous estimate of $1.15. Wedbush has a “Buy” rating and a $140.00 price objective on the stock. Wedbush also issued estimates for Mastercard’s Q3 2018 earnings at $1.39 EPS.
Several other research firms have also recently commented on MA. Piper Jaffray Companies reissued a “buy” rating and issued a $161.00 target price on shares of Mastercard in a research note on Friday. Robert W. Baird lifted their target price on Mastercard from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday. Mizuho reissued a “hold” rating and issued a $140.00 target price on shares of Mastercard in a research note on Thursday, October 12th. Cowen and Company reissued a “buy” rating and issued a $137.00 target price on shares of Mastercard in a research note on Thursday, October 12th. Finally, Stephens began coverage on Mastercard in a research note on Friday. They issued an “overweight” rating and a $166.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $146.81.
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Shares of Mastercard (NYSE:MA) traded down 0.08% during mid-day trading on Monday, hitting $146.11. The stock had a trading volume of 514,228 shares. Mastercard has a 12-month low of $99.51 and a 12-month high of $148.45. The stock has a market cap of $155.59 billion, a price-to-earnings ratio of 36.26 and a beta of 1.18. The firm’s 50-day moving average price is $140.23 and its 200 day moving average price is $126.67.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 82.37% and a net margin of 38.55%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.
In other news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value of $2,014,412.00. Following the transaction, the insider now owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 29,206 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $128.00, for a total value of $3,738,368.00. Following the completion of the transaction, the insider now directly owns 112,649,063 shares in the company, valued at approximately $14,419,080,064. The disclosure for this sale can be found here. In the last three months, insiders have sold 758,644 shares of company stock worth $98,337,677. Company insiders own 0.30% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Thompson Davis & CO. Inc. boosted its stake in shares of Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after buying an additional 546 shares during the period. American Beacon Advisors Inc. bought a new stake in Mastercard during the first quarter worth $100,000. Proficio Capital Partners LLC lifted its stake in Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 464 shares during the last quarter. Lipe & Dalton bought a new stake in Mastercard during the first quarter worth $101,000. Finally, Chicago Partners Investment Group LLC lifted its stake in Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 874 shares during the last quarter. Institutional investors and hedge funds own 76.01% of the company’s stock.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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