FY2017 Earnings Forecast for Mastercard Incorporated (MA) Issued By Cantor Fitzgerald
Mastercard Incorporated (NYSE:MA) – Stock analysts at Cantor Fitzgerald issued their FY2017 earnings per share (EPS) estimates for shares of Mastercard in a research note issued to investors on Monday. Cantor Fitzgerald analyst J. Foresi forecasts that the credit services provider will post earnings per share of $4.44 for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $165.00 target price on the stock. Cantor Fitzgerald also issued estimates for Mastercard’s FY2018 earnings at $5.32 EPS.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the company earned $0.96 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis.
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MA has been the subject of a number of other reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $147.00 target price (up from $140.00) on shares of Mastercard in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research note on Wednesday, July 5th. Citigroup Inc. raised their price target on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. BidaskClub cut Mastercard from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-five have given a buy rating to the company. Mastercard presently has a consensus rating of “Buy” and an average target price of $143.08.
Mastercard (NYSE MA) opened at 143.02 on Wednesday. Mastercard has a 1-year low of $99.51 and a 1-year high of $143.59. The firm has a 50-day moving average price of $137.09 and a 200 day moving average price of $124.74. The company has a market capitalization of $152.30 billion, a P/E ratio of 35.49 and a beta of 1.18.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the completion of the sale, the insider now owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the sale, the director now owns 45,278 shares in the company, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders have sold a total of 869,668 shares of company stock valued at $112,301,656 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Glassman Wealth Services raised its stake in shares of Mastercard by 0.3% in the 1st quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after purchasing an additional 6 shares during the period. Norway Savings Bank raised its holdings in Mastercard by 1.1% during the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after acquiring an additional 10 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Mastercard by 1.3% during the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares in the last quarter. Genesee Valley Trust Co. raised its holdings in Mastercard by 0.3% during the first quarter. Genesee Valley Trust Co. now owns 6,246 shares of the credit services provider’s stock worth $702,000 after acquiring an additional 18 shares in the last quarter. Finally, Concert Wealth Management Inc. boosted its position in Mastercard by 0.3% during the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after purchasing an additional 18 shares during the last quarter. Institutional investors and hedge funds own 76.05% of the company’s stock.
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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