Jefferies Group Weighs in on Mastercard’s Q1 2018 Earnings (MA)

Mastercard (NYSE:MA) – Stock analysts at Jefferies Group decreased their Q1 2018 earnings estimates for Mastercard in a research report issued to clients and investors on Tuesday, April 17th. Jefferies Group analyst R. El-Assal now forecasts that the credit services provider will post earnings of $1.26 per share for the quarter, down from their previous estimate of $1.30.

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Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. The business had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The company’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share.

A number of other equities analysts have also weighed in on the stock. Oppenheimer upped their price target on shares of Mastercard from $182.00 to $187.00 and gave the stock an “outperform” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $196.00 price target for the company in a research report on Thursday, April 12th. Vetr raised shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $192.25 target price on the stock in a report on Tuesday, April 10th. Wells Fargo boosted their target price on shares of Mastercard from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, March 29th. Finally, Sanford C. Bernstein started coverage on shares of Mastercard in a report on Tuesday, March 27th. They issued an “outperform” rating and a $207.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. Mastercard has a consensus rating of “Buy” and a consensus price target of $179.78.

MA opened at $177.08 on Thursday. The company has a market capitalization of $188,681.39, a price-to-earnings ratio of 38.66, a PEG ratio of 1.65 and a beta of 1.16. Mastercard has a 1-year low of $114.01 and a 1-year high of $183.73. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s payout ratio is 21.83%.

In related news, insider Michael Fraccaro sold 3,993 shares of the company’s stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of $173.37, for a total transaction of $692,266.41. Following the sale, the insider now owns 5,353 shares of the company’s stock, valued at $928,049.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Timothy H. Murphy sold 30,628 shares of the company’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $180.44, for a total transaction of $5,526,516.32. Following the sale, the general counsel now directly owns 59,907 shares in the company, valued at approximately $10,809,619.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,571 shares of company stock worth $8,174,328. 0.30% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in MA. Brighton Jones LLC raised its stake in shares of Mastercard by 17.7% in the fourth quarter. Brighton Jones LLC now owns 1,972 shares of the credit services provider’s stock valued at $298,000 after acquiring an additional 297 shares during the period. Wetherby Asset Management Inc. raised its stake in shares of Mastercard by 2.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 16,112 shares of the credit services provider’s stock valued at $2,439,000 after acquiring an additional 320 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Mastercard by 21.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,845 shares of the credit services provider’s stock valued at $268,000 after acquiring an additional 322 shares during the period. HPM Partners LLC raised its stake in shares of Mastercard by 2.3% in the fourth quarter. HPM Partners LLC now owns 14,348 shares of the credit services provider’s stock valued at $2,172,000 after acquiring an additional 323 shares during the period. Finally, Chesley Taft & Associates LLC raised its stake in shares of Mastercard by 0.5% in the fourth quarter. Chesley Taft & Associates LLC now owns 65,960 shares of the credit services provider’s stock valued at $9,984,000 after acquiring an additional 325 shares during the period. 76.05% of the stock is currently owned by institutional investors.

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About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Earnings History and Estimates for Mastercard (NYSE:MA)

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