Mastercard Incorporated (NYSE:MA) – Equities research analysts at Cantor Fitzgerald lifted their FY2017 earnings per share (EPS) estimates for Mastercard in a research note issued on Wednesday, according to Zacks Investment Research. Cantor Fitzgerald analyst J. Foresi now anticipates that the credit services provider will post earnings of $4.57 per share for the year, up from their prior estimate of $4.44. Cantor Fitzgerald currently has a “Buy” rating and a $165.00 target price on the stock. Cantor Fitzgerald also issued estimates for Mastercard’s FY2018 earnings at $5.36 EPS.
A number of other equities analysts have also recently weighed in on MA. Oppenheimer Holdings, Inc. upped their price objective on shares of Mastercard and gave the company an “outperform” rating in a research report on Tuesday, July 18th. 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. Loop Capital increased their price objective on shares of Mastercard from $132.00 to $144.00 and gave the stock a “positive” rating in a research note on Friday, July 28th. They noted that the move was a valuation call. BMO Capital Markets raised their price target on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, Cowen and Company restated an “outperform” rating and issued a $137.00 price target (up previously from $129.00) on shares of Mastercard in a research note on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $157.68.
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Shares of Mastercard (MA) opened at $149.54 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. The firm has a market cap of $158,312.31, a price-to-earnings ratio of 34.70, a P/E/G ratio of 1.99 and a beta of 1.21. Mastercard has a 12-month low of $99.51 and a 12-month high of $152.00.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the firm posted $1.08 EPS. The business’s revenue for the quarter was up 18.1% on a year-over-year basis.
Several institutional investors and hedge funds have recently bought and sold shares of MA. Karp Capital Management Corp acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $52,728,000. First Foundation Advisors acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $324,000. Sei Investments Co. boosted its stake in shares of Mastercard by 2.6% in the 1st quarter. Sei Investments Co. now owns 1,199,546 shares of the credit services provider’s stock valued at $134,913,000 after purchasing an additional 29,924 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Mastercard by 1.6% in the 1st quarter. First Eagle Investment Management LLC now owns 1,718,197 shares of the credit services provider’s stock valued at $193,246,000 after buying an additional 26,269 shares during the last quarter. Finally, Baker Chad R raised its holdings in Mastercard by 2.7% in the 1st quarter. Baker Chad R now owns 55,815 shares of the credit services provider’s stock valued at $6,277,000 after buying an additional 1,475 shares during the last quarter. Institutional investors own 76.08% of the company’s stock.
In other news, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were 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 $6,452,567.78. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $3,582,984 in the last quarter. Corporate insiders own 0.30% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 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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