Research Analysts Set Expectations for MasterCard Inc.’s Q3 2016 Earnings (MA)
MasterCard Inc. (NYSE:MA) – Equities research analysts at William Blair upped their Q3 2016 earnings per share estimates for MasterCard in a research report issued to clients and investors on Thursday. William Blair analyst R. Napoli now expects that the brokerage will post earnings of $0.94 per share for the quarter, up from their prior estimate of $0.89. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for MasterCard’s FY2016 earnings at $3.60 EPS.
MasterCard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis.
Several other equities analysts also recently issued reports on the company. Jefferies Group reissued a “buy” rating on shares of MasterCard in a research report on Friday, August 12th. Nomura upped their target price on MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. Barclays PLC upped their target price on MasterCard from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, September 8th. Vetr raised MasterCard from a “hold” rating to a “buy” rating and set a $111.32 target price on the stock in a research report on Tuesday. Finally, Pacific Crest set a $110.00 target price on MasterCard and gave the company a “buy” rating in a research report on Wednesday, September 14th. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $109.90.
MasterCard (NYSE:MA) opened at 100.88 on Friday. MasterCard has a 12 month low of $78.52 and a 12 month high of $103.49. The stock has a 50 day moving average price of $100.15 and a 200 day moving average price of $96.07. The stock has a market capitalization of $110.74 billion, a P/E ratio of 29.59 and a beta of 1.19.
A number of institutional investors have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of MasterCard during the first quarter valued at approximately $106,000. Seven Bridges Advisors LLC acquired a new position in shares of MasterCard during the second quarter valued at approximately $109,000. Lowe fs LLC boosted its position in shares of MasterCard by 9.8% in the third quarter. Lowe fs LLC now owns 1,120 shares of the company’s stock valued at $114,000 after buying an additional 100 shares in the last quarter. Feltz Wealth PLAN Inc. acquired a new position in shares of MasterCard during the second quarter valued at approximately $121,000. Finally, Hanson McClain Inc. boosted its position in shares of MasterCard by 11.0% in the second quarter. Hanson McClain Inc. now owns 1,409 shares of the company’s stock valued at $124,000 after buying an additional 140 shares in the last quarter. 75.13% of the stock is owned by institutional investors.
In other MasterCard news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $101.78, for a total value of $508,900.00. Following the completion of the transaction, the director now owns 52,423 shares of the company’s stock, valued at approximately $5,335,612.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martina Hundmejean sold 94,345 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $96.82, for a total transaction of $9,134,482.90. Following the completion of the transaction, the chief financial officer now directly owns 214,968 shares of the company’s stock, valued at approximately $20,813,201.76. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by corporate insiders.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.76 annualized dividend and a yield of 0.75%. MasterCard’s dividend payout ratio (DPR) is presently 22.35%.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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