Mastercard Incorporated Forecasted to Earn FY2017 Earnings of $4.56 Per Share (MA)
Mastercard Incorporated (NYSE:MA) – Investment analysts at SunTrust Banks boosted their FY2017 EPS estimates for Mastercard in a report issued on Tuesday. SunTrust Banks analyst A. Jeffrey now anticipates that the credit services provider will earn $4.56 per share for the year, up from their previous estimate of $4.45. SunTrust Banks currently has a “Buy” rating and a $180.00 target price on the stock. SunTrust Banks also issued estimates for Mastercard’s Q1 2018 earnings at $1.22 EPS, Q2 2018 earnings at $1.32 EPS, Q3 2018 earnings at $1.47 EPS, Q4 2018 earnings at $1.31 EPS and FY2019 earnings at $6.28 EPS.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. WARNING: This story was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/11/02/mastercard-incorporated-forecasted-to-earn-fy2017-earnings-of-4-56-per-share-ma.html.
A number of other equities analysts also recently weighed in on the company. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research note on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and issued a $147.00 target price (up previously from $140.00) on shares of Mastercard in a research note on Tuesday, July 18th. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Deutsche Bank AG restated a “buy” rating and issued a $150.00 target price (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Finally, Credit Suisse Group restated a “buy” rating and issued a $125.00 target price on shares of Mastercard in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $156.34.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Mastercard by 2.3% in the second quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after purchasing an additional 1,490,267 shares during the period. State Street Corp increased its holdings in shares of Mastercard by 0.4% in the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock worth $4,212,546,000 after purchasing an additional 140,515 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Mastercard by 784.3% in the second 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 during the period. Capital Research Global Investors increased its holdings in shares of Mastercard by 15.8% in the second 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 during the period. Finally, Capital World Investors increased its holdings in shares of Mastercard by 2.3% in the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock worth $1,539,458,000 after purchasing an additional 289,488 shares during the period. 76.09% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s 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 transaction, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,035 shares of company stock worth $22,502,109. Insiders own 0.30% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. Mastercard’s payout ratio is currently 20.47%.
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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