William Blair Analysts Boost Earnings Estimates for MasterCard Inc. (MA)
MasterCard Inc. (NYSE:MA) – Equities researchers at William Blair increased their Q3 2016 earnings per share (EPS) estimates for MasterCard in a research report issued on Thursday. William Blair analyst R. Napoli now anticipates that the brokerage will post earnings per share of $0.94 for the quarter, up from their prior forecast of $0.89. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for MasterCard’s FY2016 earnings at $3.60 EPS.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of MasterCard from a “buy” rating to a “hold” rating in a report on Monday, August 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $128.00 target price (up from $120.00) on shares of MasterCard in a research note on Friday, July 29th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $118.00 target price on shares of MasterCard in a research note on Monday, July 18th. Jefferies Group reiterated a “buy” rating on shares of MasterCard in a research note on Thursday, August 25th. Finally, Citigroup Inc. raised their price target on shares of MasterCard from $106.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $109.90.
MasterCard (NYSE:MA) traded up 0.73% during trading on Friday, hitting $101.38. 1,249,293 shares of the stock were exchanged. The stock has a 50 day moving average of $100.00 and a 200-day moving average of $96.00. The stock has a market cap of $111.29 billion, a P/E ratio of 29.74 and a beta of 1.19. MasterCard has a 52 week low of $78.52 and a 52 week high of $103.49.
MasterCard (NYSE:MA) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.06. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.76%. MasterCard’s dividend payout ratio (DPR) is 22.35%.
In other MasterCard news, CFO Martina Hundmejean sold 94,345 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $96.82, for a total transaction of $9,134,482.90. Following the completion of the transaction, the chief financial officer now owns 214,968 shares in the company, valued at approximately $20,813,201.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ann Cairns sold 26,630 shares of the business’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $101.79, for a total value of $2,710,667.70. Following the transaction, the insider now owns 58,721 shares of the company’s stock, valued at approximately $5,977,210.59. The disclosure for this sale can be found here. 3.14% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in MA. Picton Mahoney Asset Management raised its position in shares of MasterCard by 2.5% in the first quarter. Picton Mahoney Asset Management now owns 106,747 shares of the company’s stock worth $10,088,000 after buying an additional 2,647 shares during the period. M&T Bank Corp raised its stake in shares of MasterCard by 2.6% in the first quarter. M&T Bank Corp now owns 374,506 shares of the company’s stock valued at $35,392,000 after buying an additional 9,616 shares during the period. Menta Capital LLC purchased a new stake in shares of MasterCard during the first quarter valued at $954,000. USS Investment Management Ltd raised its stake in shares of MasterCard by 32.4% in the first quarter. USS Investment Management Ltd now owns 1,125,000 shares of the company’s stock valued at $106,279,000 after buying an additional 275,000 shares during the period. Finally, East Coast Asset Management LLC. raised its stake in shares of MasterCard by 3.6% in the first quarter. East Coast Asset Management LLC. now owns 80,643 shares of the company’s stock valued at $7,621,000 after buying an additional 2,819 shares during the period. Institutional investors own 75.13% 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. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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