Q1 2017 EPS Estimates for MasterCard Inc. Decreased by Jefferies Group (MA)
MasterCard Inc. (NYSE:MA) – Investment analysts at Jefferies Group reduced their Q1 2017 EPS estimates for shares of MasterCard in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Kupferberg now anticipates that the firm will post earnings per share of $0.96 for the quarter, down from their previous estimate of $0.97. Jefferies Group currently has a “Buy” rating and a $112.00 price target on the stock. Jefferies Group also issued estimates for MasterCard’s FY2017 earnings at $4.16 EPS and FY2018 earnings at $4.87 EPS.
MasterCard (NYSE:MA) last released its earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the business posted $0.85 EPS. MasterCard’s quarterly revenue was up 12.7% compared to the same quarter last year.
A number of other analysts have also recently weighed in on the company. Vetr raised MasterCard from a “hold” rating to a “buy” rating and set a $111.32 price target for the company in a research report on Tuesday, October 11th. Zacks Investment Research raised MasterCard from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Wednesday, September 28th. Pacific Crest set a $110.00 price target on MasterCard and gave the stock a “buy” rating in a research report on Wednesday, September 14th. Bank of America Corp. set a $103.00 price target on MasterCard and gave the stock a “hold” rating in a research report on Thursday, September 8th. Finally, Argus reaffirmed a “hold” rating on shares of MasterCard in a research report on Thursday, September 8th. Six research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. MasterCard presently has a consensus rating of “Buy” and an average price target of $109.90.
Shares of MasterCard (NYSE:MA) traded up 0.880% during mid-day trading on Wednesday, hitting $102.625. The company had a trading volume of 1,917,658 shares. MasterCard has a 12-month low of $78.52 and a 12-month high of $103.49. The firm has a market cap of $112.66 billion, a PE ratio of 30.104 and a beta of 1.19. The firm’s 50 day moving average is $100.42 and its 200-day moving average is $96.19.
A number of hedge funds and other institutional investors have recently bought and sold shares of MA. Bank of Montreal Can acquired a new stake in shares of MasterCard during the second quarter valued at approximately $217,521,000. Emerald Acquisition Ltd. acquired a new stake in shares of MasterCard during the second quarter valued at approximately $212,422,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of MasterCard by 44.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,667,510 shares of the company’s stock valued at $322,961,000 after buying an additional 1,122,500 shares during the last quarter. Carmignac Gestion boosted its stake in shares of MasterCard by 21.2% in the second quarter. Carmignac Gestion now owns 5,993,989 shares of the company’s stock valued at $527,831,000 after buying an additional 1,047,867 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of MasterCard by 10.8% in the second quarter. BlackRock Group LTD now owns 10,031,237 shares of the company’s stock valued at $883,352,000 after buying an additional 977,812 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.
In other MasterCard news, major shareholder Foundation Mastercard sold 84,000 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $92.96, for a total transaction of $7,808,640.00. Following the transaction, the insider now owns 114,980,971 shares of the company’s stock, valued at approximately $10,688,631,064.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert Reeg sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $94.79, for a total value of $568,740.00. Following the transaction, the insider now directly owns 53,501 shares in the company, valued at approximately $5,071,359.79. The disclosure for this sale can be found here. Company insiders own 3.14% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, October 5th. MasterCard’s dividend payout ratio is 22.35%.
MasterCard Company Profile
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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