Mastercard Incorporated (NYSE:MA) – Research analysts at William Blair lifted their Q4 2017 earnings per share (EPS) estimates for Mastercard in a report issued on Tuesday. William Blair analyst R. Napoli now anticipates that the credit services provider will post earnings per share of $1.07 for the quarter, up from their previous forecast of $1.01.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: “Mastercard Incorporated to Post Q4 2017 Earnings of $1.07 Per Share, William Blair Forecasts (MA)” was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://weekherald.com/2017/10/20/mastercard-incorporated-to-post-q4-2017-earnings-of-1-07-per-share-william-blair-forecasts-ma.html.
MA has been the topic of several other research reports. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Guggenheim raised Mastercard from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $135.00 to $153.00 in a research note on Monday, September 11th. Mizuho reissued a “hold” rating and set a $140.00 price target on shares of Mastercard in a research note on Thursday, October 12th. BMO Capital Markets boosted their price target on Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, Barclays PLC boosted their price target on Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company. Mastercard currently has a consensus rating of “Buy” and a consensus target price of $148.54.
Shares of Mastercard (MA) traded up 0.11% during trading on Thursday, hitting $145.14. The company’s stock had a trading volume of 2,129,312 shares. The company has a 50-day moving average price of $141.42 and a 200-day moving average price of $127.42. The stock has a market cap of $154.56 billion, a PE ratio of 36.01 and a beta of 1.18. Mastercard has a one year low of $99.51 and a one year high of $148.45.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Mastercard by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after buying an additional 1,490,267 shares during the last quarter. State Street Corp increased its holdings in shares of Mastercard by 0.4% during the 1st quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock worth $4,212,546,000 after buying an additional 140,515 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Mastercard by 784.3% during the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after buying an additional 14,962,583 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Mastercard by 15.8% during the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after buying an additional 1,729,179 shares during the last quarter. Finally, Capital World Investors increased its holdings in shares of Mastercard by 2.3% during the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock worth $1,539,458,000 after buying an additional 289,488 shares during the last quarter. Institutional investors and hedge funds own 76.01% of the company’s stock.
In other news, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 641,820 shares of company stock valued at $83,385,957. Insiders own 0.30% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.61%. Mastercard’s payout ratio is 21.78%.
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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