Mastercard Incorporated (MA) to Post Q1 2018 Earnings of $1.20 Per Share, Wedbush Forecasts
Mastercard Incorporated (NYSE:MA) – Equities researchers at Wedbush upped their Q1 2018 EPS estimates for Mastercard in a report issued on Wednesday. Wedbush analyst M. Katri now anticipates that the credit services provider will post earnings per share of $1.20 for the quarter, up from their prior estimate of $1.18. Wedbush has a “Buy” rating and a $140.00 price target on the stock. Wedbush also issued estimates for Mastercard’s Q2 2018 earnings at $1.29 EPS, Q1 2019 earnings at $1.41 EPS, Q2 2019 earnings at $1.50 EPS and FY2019 earnings at $6.26 EPS.
A number of other brokerages have also weighed in on MA. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $180.00 price target (up from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Vetr raised shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $161.72 price target for the company in a research note on Tuesday, December 5th. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Bank of America upped their price target on shares of Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, J P Morgan Chase & Co upped their price target on shares of Mastercard from $152.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Two analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $159.69.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 EPS.
Mastercard announced that its board has initiated a share buyback plan on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 0.65%. The ex-dividend date is Monday, January 8th. Mastercard’s dividend payout ratio is presently 20.47%.
In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the sale, the insider now owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,000 shares of company stock valued at $3,582,984. Corporate insiders own 0.30% of the company’s stock.
Large investors have recently modified their holdings of the business. Massey Quick Simon & CO. LLC bought a new position in Mastercard during the 3rd quarter worth approximately $102,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Mastercard in the third quarter valued at approximately $106,000. Thompson Davis & CO. Inc. raised its holdings in shares of Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 12 shares during the last quarter. Finally, Horan Capital Advisors LLC. acquired a new stake in shares of Mastercard in the third quarter valued at approximately $131,000. 75.81% of the stock is currently owned by hedge funds and other institutional investors.
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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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