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.
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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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.
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