FY2017 EPS Estimates for Mastercard Incorporated Lifted by Analyst (MA)
Mastercard Incorporated (NYSE:MA) – Equities research analysts at Wedbush increased their FY2017 EPS estimates for shares of Mastercard in a research report issued to clients and investors on Tuesday. Wedbush analyst M. Katri now expects that the credit services provider will post earnings of $4.59 per share for the year, up from their previous estimate of $4.44. Wedbush has a “Buy” rating and a $140.00 price target on the stock. Wedbush also issued estimates for Mastercard’s Q4 2017 earnings at $1.15 EPS, Q2 2018 earnings at $1.27 EPS, Q3 2018 earnings at $1.43 EPS, Q4 2018 earnings at $1.39 EPS, Q1 2019 earnings at $1.37 EPS, Q2 2019 earnings at $1.46 EPS, Q3 2019 earnings at $1.64 EPS and FY2019 earnings at $6.09 EPS.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the business earned $1.08 earnings per share. Mastercard’s revenue was up 18.1% compared to the same quarter last year.
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A number of other research firms have also issued reports on MA. Loop Capital upped their target price on shares of Mastercard to $167.00 and gave the company a “buy” rating in a report on Wednesday. They noted that the move was a valuation call. Nomura upped their target price on shares of Mastercard from $163.00 to $164.00 and gave the company a “buy” rating in a report on Wednesday. KeyCorp restated an “overweight” rating and issued a $170.00 target price (up from $165.00) on shares of Mastercard in a report on Wednesday. SunTrust Banks, Inc. upped their target price on shares of Mastercard to $180.00 and gave the company a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets restated an “outperform” rating and issued a $174.00 target price (up from $157.00) on shares of Mastercard in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $156.34.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is currently 20.47%.
In related news, major shareholder Foundation Mastercard sold 58,412 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $129.87, for a total transaction of $7,585,966.44. Following the transaction, the insider now directly owns 112,298,591 shares in the company, valued at $14,584,218,013.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,035 shares of company stock valued at $22,502,109. Company insiders own 0.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. lifted its stake in Mastercard by 170.1% during the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 546 shares during the last quarter. American Beacon Advisors Inc. bought a new position 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 position 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. Hedge funds and other institutional investors own 76.09% 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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