FY2017 EPS Estimates for Mastercard Incorporated (MA) Lifted by Analyst

Mastercard Incorporated (NYSE:MA) – Research analysts at William Blair lifted their FY2017 earnings estimates for shares of Mastercard in a research note issued to investors on Tuesday. William Blair analyst R. Napoli now expects that the credit services provider will post earnings per share of $4.48 for the year, up from their prior forecast of $4.39. William Blair also issued estimates for Mastercard’s Q1 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.45 EPS, FY2018 earnings at $5.25 EPS and FY2019 earnings at $6.16 EPS.

A number of other research firms have also recently commented on MA. Instinet reaffirmed a “buy” rating and issued a $163.00 target price (up previously from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. KeyCorp reaffirmed a “buy” rating and issued a $165.00 target price on shares of Mastercard in a research report on Wednesday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $174.00 target price on shares of Mastercard in a research report on Wednesday. Deutsche Bank AG reaffirmed a “buy” rating and issued a $150.00 target price (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $161.00 target price on shares of Mastercard in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $156.18.

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Shares of Mastercard (MA) opened at 148.77 on Wednesday. Mastercard has a one year low of $99.51 and a one year high of $152.00. The company’s 50-day moving average is $143.83 and its 200-day moving average is $129.54. The company has a market cap of $158.42 billion, a price-to-earnings ratio of 36.92 and a beta of 1.18.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the business posted $1.08 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis.

The firm 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. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.

In other news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,623 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the transaction, the insider now owns 112,240,179 shares in the company, valued at $14,517,144,751.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 171,035 shares of company stock worth $22,502,109. Insiders own 0.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in MA. Janus Henderson Group PLC grew its position in shares of 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 worth $2,048,899,000 after acquiring an additional 14,962,583 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Mastercard by 289.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock worth $433,643,000 after acquiring an additional 2,654,308 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Mastercard by 2.9% during the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after acquiring an additional 1,814,116 shares during the last quarter. Capital Research Global Investors grew its position in shares of 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 worth $1,540,665,000 after acquiring an additional 1,729,179 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Mastercard by 22,644.6% during the first quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock worth $189,528,000 after acquiring an additional 1,677,737 shares during the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.

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.

Earnings History and Estimates for Mastercard (NYSE:MA)

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