MasterCard (MA) Announces Quarterly Earnings, Misses Expectations By $0.02 EPS
MasterCard (NYSE:MA) posted its quarterly earnings results on Friday. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.59 by $0.02, AR Network reports. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion.
A number of analysts have recently weighed in on MA shares. Analysts at TheStreet reiterated a “buy” rating on shares of MasterCard in a research note to investors on Tuesday. On the ratings front, analysts at Sandler O’Neill initiated coverage on shares of MasterCard in a research note to investors on Monday. They set a “hold” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of MasterCard from $920.00 to $92.00 in a research note to investors on Monday. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $725.00.
In other MasterCard news, major shareholder Foundation Mastercard sold 404,760 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $77.74, for a total transaction of $31,466,042.40. Following the completion of the transaction, the insider now directly owns 120,023,730 shares in the company, valued at approximately $9,330,644,770. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of MasterCard (NYSE:MA) traded down 5.10% during mid-day trading on Friday, hitting $75.695. The stock had a trading volume of 8,954,376 shares. MasterCard has a 52-week low of $50.736 and a 52-week high of $84.748. The stock has a 50-day moving average of $81.40 and a 200-day moving average of $71.01. The company has a market cap of $9.112 billion and a price-to-earnings ratio of 3.15. MasterCard also was the target of some unusual options trading on Thursday. Stock traders purchased 36,268 call options on the company. This represents an increase of approximately 157% compared to the typical volume of 14,114 call options.
MasterCard Incorporated (NYSE:MA) is a global payments and technology company that connects consumers, financial institutions, merchants, Governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.