FY2017 EPS Estimates for Mastercard Incorporated (MA) Raised by SunTrust Banks
Mastercard Incorporated (NYSE:MA) – Analysts at SunTrust Banks increased their FY2017 earnings estimates for shares of Mastercard in a research report issued to clients and investors on Thursday. SunTrust Banks analyst A. Jeffrey now anticipates that the credit services provider will earn $4.45 per share for the year, up from their previous forecast of $4.37. SunTrust Banks also issued estimates for Mastercard’s Q4 2017 earnings at $1.15 EPS and FY2018 earnings at $5.34 EPS.
Several other equities research analysts have also issued reports on the stock. Guggenheim raised shares of Mastercard from a “neutral” rating to a “buy” rating and boosted their price target for the company from $135.00 to $153.00 in a report on Monday. Susquehanna Bancshares Inc restated a “positive” rating and issued a $158.00 target price (up previously from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Instinet restated a “buy” rating and issued a $163.00 target price (up previously from $153.00) on shares of Mastercard in a research note on Saturday. Piper Jaffray Companies restated an “overweight” rating and issued a $150.00 target price (up previously from $143.00) on shares of Mastercard in a research note on Friday, September 8th. Finally, Barclays PLC boosted their target price on shares of Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Mastercard presently has a consensus rating of “Buy” and an average price target of $137.38.
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Shares of Mastercard (NYSE:MA) opened at 142.42 on Monday. The company has a 50-day moving average of $131.84 and a 200 day moving average of $121.37. The company has a market capitalization of $151.66 billion, a P/E ratio of 35.34 and a beta of 1.18. Mastercard has a 12 month low of $98.38 and a 12 month high of $143.52.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. Mastercard’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $100,000. Lipe & Dalton acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $101,000. Chicago Partners Investment Group LLC boosted its holdings in shares of Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after buying an additional 874 shares during the last quarter. Thompson Davis & CO. Inc. boosted its holdings in shares of Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after buying an additional 546 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in shares of Mastercard by 108.2% in the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after buying an additional 464 shares during the last quarter. 76.10% of the stock is owned by institutional investors.
In other news, major shareholder Foundation Mastercard sold 87,623 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total value of $11,333,158.82. Following the completion of the sale, the insider now owns 112,240,179 shares of the company’s stock, valued at approximately $14,517,144,751.86. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 850,468 shares of company stock valued at $109,574,694. Insiders own 0.30% of the company’s stock.
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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