Brokers Offer Predictions for Mastercard Incorporated’s Q4 2017 Earnings (MA)
Mastercard Incorporated (NYSE:MA) – Research analysts at William Blair decreased their Q4 2017 EPS estimates for shares of Mastercard in a research note issued on Tuesday. William Blair analyst R. Napoli now anticipates that the credit services provider will earn $1.05 per share for the quarter, down from their previous estimate of $1.07.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 earnings per share.
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Several other research analysts have also weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $145.00 price target on shares of Mastercard in a research report on Friday, September 8th. Deutsche Bank AG reaffirmed a “buy” rating and set a $150.00 price target (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Nomura boosted their price target on Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $158.00 target price (up from $149.00) on shares of Mastercard in a report on Friday, September 8th. Finally, Guggenheim upgraded Mastercard from a “neutral” rating to a “buy” rating and boosted their price target for the company from $135.00 to $153.00 in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $156.34.
A number of large investors have recently bought and sold shares of MA. American Beacon Advisors Inc. bought a new stake in Mastercard during the first quarter valued at $100,000. Lipe & Dalton bought a new stake in shares of Mastercard in the 1st quarter valued at about $101,000. Chicago Partners Investment Group LLC lifted its stake in shares of Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares during the last quarter. Thompson Davis & CO. Inc. lifted its stake in shares of Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in shares of Mastercard by 108.2% in the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 464 shares during the last quarter. 76.09% of the stock is owned by institutional investors.
In other news, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the transaction, the director now owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders sold 171,035 shares of company stock valued at $22,502,109 over the last three months. Company insiders own 0.30% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, October 5th. Mastercard’s dividend payout ratio is currently 20.47%.
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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