Q1 2018 Earnings Estimate for Mastercard Incorporated Issued By Wedbush (MA)
Mastercard Incorporated (NYSE:MA) – Equities researchers at Wedbush lowered their Q1 2018 EPS estimates for Mastercard in a report issued on Wednesday. Wedbush analyst M. Katri now expects that the credit services provider will post earnings of $1.15 per share for the quarter, down from their prior estimate of $1.16. Wedbush currently has a “Buy” rating and a $140.00 price objective on the stock. Wedbush also issued estimates for Mastercard’s Q3 2018 earnings at $1.38 EPS, Q4 2018 earnings at $1.31 EPS and FY2018 earnings at $5.11 EPS.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business earned $0.96 earnings per share. Mastercard’s quarterly revenue was up 13.3% compared to the same quarter last year.
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A number of other equities research analysts have also issued reports on MA. Cowen and Company reaffirmed a “buy” rating and set a $137.00 target price on shares of Mastercard in a report on Friday. Credit Suisse Group upped their target price on shares of Mastercard from $128.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Loop Capital upped their target price on shares of Mastercard from $132.00 to $144.00 and gave the stock a “positive” rating in a report on Friday, July 28th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reaffirmed a “top pick” rating and set a $130.00 target price on shares of Mastercard in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $129.60.
Mastercard (NYSE MA) opened at 136.53 on Friday. Mastercard has a 52-week low of $97.49 and a 52-week high of $138.64. The company has a market cap of $145.39 billion, a price-to-earnings ratio of 33.88 and a beta of 1.18. The firm’s 50-day moving average is $131.16 and its 200 day moving average is $120.79.
Institutional investors and hedge funds have recently modified their holdings of the company. Thompson Davis & CO. Inc. lifted its position in shares of Mastercard by 170.1% during the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 546 shares in the last quarter. American Beacon Advisors Inc. purchased a new stake in shares of Mastercard during the first quarter worth approximately $100,000. Proficio Capital Partners LLC increased its stake in shares of Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after buying an additional 464 shares during the period. Lipe & Dalton purchased a new stake in shares of Mastercard during the first quarter worth approximately $101,000. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after buying an additional 874 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the sale, the insider now owns 112,649,063 shares of the company’s stock, valued at $14,416,827,082.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold 850,468 shares of company stock worth $109,574,694 in the last three months. Corporate insiders own 0.30% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.64%. Mastercard’s dividend payout ratio is presently 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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