Jefferies Group Weighs in on Mastercard’s Q1 2018 Earnings (MA)

Mastercard (NYSE:MA) – Stock analysts at Jefferies Group dropped their Q1 2018 EPS estimates for Mastercard in a research note issued on Tuesday, April 17th. Jefferies Group analyst R. El-Assal now forecasts that the credit services provider will post earnings of $1.26 per share for the quarter, down from their prior estimate of $1.30.

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Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research report on Wednesday, January 24th. Cowen restated a “buy” rating and set a $171.00 price objective on shares of Mastercard in a research report on Friday, January 12th. Barclays restated a “buy” rating and set a $170.00 price objective on shares of Mastercard in a research report on Friday, January 5th. Mizuho upgraded shares of Mastercard from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Guggenheim restated a “buy” rating and set a $201.00 price objective on shares of Mastercard in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $179.78.

Mastercard stock opened at $177.08 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $188,681.39, a PE ratio of 38.66, a P/E/G ratio of 1.65 and a beta of 1.16. Mastercard has a fifty-two week low of $114.01 and a fifty-two week high of $183.73.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS.

A number of institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its position in shares of Mastercard by 31.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 89,369 shares of the credit services provider’s stock worth $13,527,000 after purchasing an additional 21,262 shares during the period. Certified Advisory Corp purchased a new stake in shares of Mastercard in the 4th quarter worth about $2,158,000. D.B. Root & Company LLC purchased a new stake in shares of Mastercard in the 4th quarter worth about $211,000. KCM Investment Advisors LLC purchased a new stake in shares of Mastercard in the 4th quarter worth about $219,000. Finally, Xact Kapitalforvaltning AB lifted its position in shares of Mastercard by 5.9% in the 4th quarter. Xact Kapitalforvaltning AB now owns 193,241 shares of the credit services provider’s stock worth $29,249,000 after purchasing an additional 10,742 shares during the period. 76.05% of the stock is currently owned by institutional investors and hedge funds.

In other Mastercard news, Director David R. Carlucci sold 5,950 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $183.10, for a total value of $1,089,445.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Fraccaro sold 3,993 shares of the firm’s stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $173.37, for a total transaction of $692,266.41. Following the completion of the sale, the insider now directly owns 5,353 shares in the company, valued at approximately $928,049.61. The disclosure for this sale can be found here. In the last three months, insiders sold 45,571 shares of company stock worth $8,174,328. Insiders own 0.30% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.

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Mastercard Company Profile

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 related products and services.

Earnings History and Estimates for Mastercard (NYSE:MA)

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