Mastercard Incorporated (MA) Forecasted to Post FY2017 Earnings of $4.45 Per Share
Mastercard Incorporated (NYSE:MA) – Analysts at SunTrust Banks boosted their FY2017 earnings per share (EPS) estimates for Mastercard in a research note issued on Thursday. SunTrust Banks analyst A. Jeffrey now forecasts that the credit services provider will post earnings of $4.45 per share for the year, up from their prior forecast of $4.37. SunTrust Banks also issued estimates for Mastercard’s Q4 2017 earnings at $1.15 EPS and FY2018 earnings at $5.34 EPS.
A number of other equities analysts also recently weighed in on the stock. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $158.00 target price (up previously from $149.00) on shares of Mastercard in a research note on Friday. Instinet reiterated a “buy” rating and set a $163.00 price target (up previously from $153.00) on shares of Mastercard in a report on Saturday. Piper Jaffray Companies reiterated an “overweight” rating and set a $150.00 price target (up previously from $143.00) on shares of Mastercard in a report on Friday. Barclays PLC raised their target price on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a report on Friday. Finally, KeyCorp restated a “buy” rating and issued a $150.00 target price on shares of Mastercard in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Mastercard has an average rating of “Buy” and an average price target of $136.78.
Shares of Mastercard (NYSE MA) opened at 137.22 on Monday. The company has a market capitalization of $146.13 billion, a price-to-earnings ratio of 34.05 and a beta of 1.18. The company has a 50-day moving average price of $131.41 and a 200-day moving average price of $120.91. Mastercard has a 12 month low of $97.49 and a 12 month high of $138.64.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the company posted $0.96 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year.
In other news, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 112,649,063 shares in the company, valued at $14,416,827,082.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 850,468 shares of company stock worth $109,574,694. 0.30% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC boosted its position in shares of Mastercard by 784.3% during the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after purchasing an additional 14,962,583 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Mastercard by 289.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock worth $433,643,000 after purchasing an additional 2,654,308 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Mastercard by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after purchasing an additional 1,814,116 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Mastercard by 15.8% during the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after purchasing an additional 1,729,179 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of Mastercard by 22,644.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock worth $189,528,000 after purchasing an additional 1,677,737 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.
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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