MasterCard Inc. Expected to Post FY2016 Earnings of $3.72 Per Share (MA)
MasterCard Inc. (NYSE:MA) – Research analysts at SunTrust Banks cut their FY2016 EPS estimates for MasterCard in a note issued to investors on Wednesday. SunTrust Banks analyst A. Jeffrey now forecasts that the firm will post earnings per share of $3.72 for the year, down from their previous forecast of $3.76.
MA has been the subject of a number of other research reports. Vetr raised MasterCard from a “hold” rating to a “buy” rating and set a $108.31 target price for the company in a report on Tuesday. Zacks Investment Research cut MasterCard from a “buy” rating to a “hold” rating in a report on Monday, August 8th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $128.00 target price (up previously from $120.00) on shares of MasterCard in a report on Friday, July 29th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $115.00 target price (up previously from $112.00) on shares of MasterCard in a report on Monday, October 31st. Finally, Jefferies Group reaffirmed a “buy” rating on shares of MasterCard in a report on Thursday, August 25th. Six analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $110.78.
Shares of MasterCard (NYSE:MA) opened at 101.14 on Monday. MasterCard has a 52-week low of $78.52 and a 52-week high of $108.93. The firm has a market cap of $110.20 billion, a price-to-earnings ratio of 27.96 and a beta of 1.22. The stock’s 50 day moving average price is $102.93 and its 200-day moving average price is $97.30.
MasterCard (NYSE:MA) last released its quarterly earnings results on Friday, October 28th. The company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.74 billion. MasterCard had a return on equity of 69.11% and a net margin of 38.11%. MasterCard’s revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share.
Hedge funds have recently modified their holdings of the stock. Lowe fs LLC increased its stake in shares of MasterCard by 9.8% in the third quarter. Lowe fs LLC now owns 1,120 shares of the company’s stock worth $114,000 after buying an additional 100 shares during the last quarter. Seven Bridges Advisors LLC acquired a new stake in shares of MasterCard during the second quarter worth approximately $109,000. TLP Group LLC acquired a new stake in shares of MasterCard during the third quarter worth approximately $128,000. Hanson McClain Inc. increased its stake in shares of MasterCard by 11.0% in the second quarter. Hanson McClain Inc. now owns 1,409 shares of the company’s stock worth $124,000 after buying an additional 140 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of MasterCard during the second quarter valued at $125,000. 75.18% of the stock is owned by institutional investors.
In related news, major shareholder Foundation Mastercard sold 72,624 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $103.94, for a total transaction of $7,548,538.56. Following the completion of the sale, the insider now directly owns 114,302,251 shares of the company’s stock, valued at $11,880,575,968.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ann Cairns sold 26,630 shares of the stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $101.79, for a total value of $2,710,667.70. Following the sale, the insider now directly owns 58,721 shares of the company’s stock, valued at $5,977,210.59. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Monday, October 10th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, October 5th. MasterCard’s payout ratio is 20.99%.
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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