Mastercard Incorporated (NYSE:MA) – Stock analysts at Wedbush lifted their Q3 2018 earnings per share estimates for Mastercard in a research report issued on Wednesday. Wedbush analyst M. Katri now anticipates that the credit services provider will post earnings per share of $1.45 for the quarter, up from their previous estimate of $1.43. Wedbush has a “Buy” rating and a $140.00 price target on the stock. Wedbush also issued estimates for Mastercard’s Q4 2018 earnings at $1.41 EPS, FY2018 earnings at $5.34 EPS and Q3 2019 earnings at $1.69 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, topping the Zacks’ consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. Mastercard’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company posted $1.08 earnings per share.
Shares of Mastercard (MA) traded down $0.81 during trading on Thursday, reaching $151.69. The company had a trading volume of 3,618,700 shares, compared to its average volume of 3,220,783. The company has a market capitalization of $161,445.95, a price-to-earnings ratio of 35.38, a P/E/G ratio of 2.03 and a beta of 1.20. Mastercard has a 1-year low of $102.91 and a 1-year high of $154.65. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Mastercard by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after purchasing an additional 1,490,267 shares during the last quarter. Janus Henderson Group PLC raised its position in 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 valued at $2,048,899,000 after purchasing an additional 14,962,583 shares during the last quarter. Capital Research Global Investors raised its position in 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 valued at $1,540,665,000 after purchasing an additional 1,729,179 shares during the last quarter. Capital World Investors raised its position in Mastercard by 2.3% during the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after purchasing an additional 289,488 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Mastercard by 6.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,174,892 shares of the credit services provider’s stock valued at $749,941,000 after purchasing an additional 347,768 shares during the last quarter. 75.81% of the stock is owned by institutional investors.
In other news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,000 shares of company stock valued at $3,582,984. 0.30% of the stock is owned by company insiders.
Mastercard declared that its board has authorized a share repurchase program on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.66%. This is a boost from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, January 8th. Mastercard’s payout ratio is presently 20.47%.
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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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