Media stories about Mastercard (NYSE:MA) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mastercard earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the credit services provider an impact score of 46.1103207387572 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Mastercard Incorporated (MA) Forecasted to Earn FY2019 Earnings of $6.97 Per Share (americanbankingnews.com)
- 3 Big Takeaways From Mastercard’s Latest Quarter – Motley Fool (fool.com)
- Here’s Why Bitcoin Purchases Using Credit Cards Are Getting More Expensive (finance.yahoo.com)
- 3 Big Takeaways From Mastercard's Latest Quarter (finance.yahoo.com)
- Mastercard: Keep It in Your Wallet or Cut It In Half? (finance.yahoo.com)
A number of equities research analysts have issued reports on MA shares. Loop Capital increased their price target on Mastercard to $167.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Cantor Fitzgerald reissued a “buy” rating and set a $165.00 target price on shares of Mastercard in a research report on Tuesday, October 31st. Sanford C. Bernstein reissued a “buy” rating and set a $166.00 target price (up previously from $145.00) on shares of Mastercard in a research report on Monday, October 30th. They noted that the move was a valuation call. Piper Jaffray Companies reissued a “buy” rating and set a $161.00 target price on shares of Mastercard in a research report on Friday, October 13th. Finally, Cowen reissued a “buy” rating and set a $137.00 target price on shares of Mastercard in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirty have assigned a buy rating to the company. Mastercard presently has an average rating of “Buy” and a consensus price target of $176.64.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the business posted $0.86 EPS. The company’s revenue was up 20.2% on a year-over-year basis. analysts expect that Mastercard will post 5.84 earnings per share for the current fiscal year.
Mastercard declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is currently 27.40%.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the transaction, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.
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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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