FY2017 EPS Estimates for Mastercard Incorporated (MA) Increased by Wedbush
Mastercard Incorporated (NYSE:MA) – Analysts at Wedbush lifted their FY2017 earnings per share (EPS) estimates for shares of Mastercard in a research report issued to clients and investors on Thursday. Wedbush analyst M. Katri now anticipates that the credit services provider will post earnings of $4.44 per share for the year, up from their prior forecast of $4.37. Wedbush currently has a “Buy” rating and a $140.00 target price on the stock. Wedbush also issued estimates for Mastercard’s Q4 2017 earnings at $1.13 EPS, Q4 2018 earnings at $1.36 EPS, FY2018 earnings at $5.27 EPS, Q1 2019 earnings at $1.44 EPS, Q2 2019 earnings at $1.50 EPS, Q3 2019 earnings at $1.63 EPS and FY2019 earnings at $6.16 EPS.
A number of other research analysts also recently commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $147.00 price target (up previously from $140.00) on shares of Mastercard in a report on Tuesday, July 18th. Citigroup Inc. increased their price target on shares of Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a report on Monday, June 19th. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a report on Wednesday, July 5th. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $150.00 price target (up previously from $124.00) on shares of Mastercard in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $144.18.
COPYRIGHT VIOLATION NOTICE: “FY2017 EPS Estimates for Mastercard Incorporated (MA) Increased by Wedbush” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.americanbankingnews.com/2017/10/13/fy2017-eps-estimates-for-mastercard-incorporated-ma-increased-by-wedbush.html.
Shares of Mastercard (MA) opened at 146.74 on Friday. Mastercard has a 52-week low of $99.51 and a 52-week high of $148.16. The firm’s 50-day moving average price is $139.61 and its 200-day moving average price is $126.21. The stock has a market cap of $156.26 billion, a P/E ratio of 36.41 and a beta of 1.18.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the Zacks’ 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 business 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 business posted $0.96 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders 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 0.60%. The ex-dividend date is Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.
In related news, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the transaction, the insider now directly owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the transaction, the director now directly owns 45,278 shares in the company, valued at $6,452,567.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 869,668 shares of company stock worth $112,301,656. Corporate insiders own 0.30% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Mastercard by 2.3% during the second quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after buying an additional 1,490,267 shares during the period. State Street Corp increased its holdings in Mastercard by 0.4% during the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after buying an additional 140,515 shares during the period. Janus Henderson Group PLC increased its holdings in Mastercard by 784.3% during the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after buying an additional 14,962,583 shares during the period. Capital Research Global Investors increased its holdings in Mastercard by 15.8% during the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after buying an additional 1,729,179 shares during the period. Finally, Capital World Investors increased its holdings in Mastercard by 2.3% during the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after buying an additional 289,488 shares during the period. 76.05% 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.
Receive News & Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.