Mastercard Inc (MA) Forecasted to Earn Q1 2017 Earnings of $0.94 Per Share
Mastercard Inc (NYSE:MA) – Research analysts at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for shares of Mastercard in a report issued on Tuesday. Jefferies Group analyst R. El-Assal expects that the credit services provider will earn $0.94 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $123.00 target price on the stock. Jefferies Group also issued estimates for Mastercard’s Q2 2017 earnings at $1.06 EPS, Q3 2017 earnings at $1.22 EPS, Q4 2017 earnings at $1.04 EPS, FY2017 earnings at $4.26 EPS and FY2018 earnings at $4.93 EPS.
Several other brokerages have also recently weighed in on MA. Cowen and Company reissued an “outperform” rating and issued a $122.00 price target on shares of Mastercard in a research note on Monday, March 6th. Vetr raised Mastercard from a “buy” rating to a “strong-buy” rating and set a $123.04 price target for the company in a research note on Monday, January 30th. Zacks Investment Research cut Mastercard from a “hold” rating to a “sell” rating in a research note on Thursday. Wedbush started coverage on Mastercard in a research note on Friday, January 20th. They issued an “outperform” rating and a $126.00 price target for the company. Finally, Royal Bank of Canada raised Mastercard from an “outperform” rating to a “top pick” rating and increased their price target for the company from $115.00 to $130.00 in a research note on Thursday, January 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mastercard presently has an average rating of “Buy” and an average target price of $117.55.
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Mastercard (NYSE:MA) opened at 114.59 on Friday. The company has a 50-day moving average price of $111.94 and a 200 day moving average price of $107.09. The company has a market capitalization of $123.52 billion, a PE ratio of 31.05 and a beta of 1.26. Mastercard has a 12 month low of $86.65 and a 12 month high of $114.90.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, January 31st. The credit services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. The firm earned $2.76 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Mastercard had a return on equity of 71.09% and a net margin of 37.67%. Mastercard’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business earned $0.79 earnings per share.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Mastercard during the fourth quarter worth $857,217,000. Price T Rowe Associates Inc. MD raised its position in Mastercard by 10.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,801,206 shares of the credit services provider’s stock worth $4,457,649,000 after buying an additional 4,111,803 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Mastercard during the third quarter worth $405,125,000. Capital Research Global Investors raised its position in Mastercard by 61.0% in the third quarter. Capital Research Global Investors now owns 7,013,658 shares of the credit services provider’s stock worth $713,780,000 after buying an additional 2,656,656 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Mastercard during the fourth quarter worth $221,469,000. Institutional investors own 75.53% of the company’s stock.
In other Mastercard news, insider Ann Cairns sold 58,420 shares of the stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of $110.00, for a total value of $6,426,200.00. Following the transaction, the insider now owns 90,511 shares in the company, valued at $9,956,210. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 205,035 shares of the stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of $109.50, for a total value of $22,451,332.50. Following the completion of the transaction, the insider now owns 113,859,407 shares in the company, valued at approximately $12,467,605,066.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,256,663 shares of company stock worth $135,565,151. Corporate insiders own 3.14% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 9th. Shareholders of record on Friday, April 7th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $0.88 annualized dividend and a yield of 0.77%. Mastercard’s payout ratio is currently 23.85%.
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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