Mastercard Incorporated (NYSE:MA) – Analysts at KeyCorp lifted their Q2 2018 earnings per share estimates for shares of Mastercard in a research report issued on Thursday. KeyCorp analyst J. Beck now anticipates that the credit services provider will post earnings per share of $1.38 for the quarter, up from their previous forecast of $1.25. KeyCorp has a “Overweight” rating and a $195.00 price target on the stock. KeyCorp also issued estimates for Mastercard’s Q3 2018 earnings at $1.60 EPS.
Other research analysts have also issued research reports about the company. Loop Capital boosted their target price on Mastercard to $167.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. They noted that the move was a valuation call. Cantor Fitzgerald reissued a “buy” rating and issued a $165.00 target price on shares of Mastercard in a report on Tuesday, October 31st. Sanford C. Bernstein reissued a “buy” rating and issued a $166.00 target price (up previously from $145.00) on shares of Mastercard in a report on Monday, October 30th. They noted that the move was a valuation call. Piper Jaffray Companies reissued a “buy” rating and issued a $161.00 target price on shares of Mastercard in a report on Friday, October 13th. Finally, Cowen restated a “buy” rating and issued a $137.00 price target on shares of Mastercard in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirty have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $176.64.
Mastercard (MA) opened at $164.59 on Monday. The stock has a market capitalization of $174,250.00, a P/E ratio of 45.09, a PEG ratio of 1.80 and a beta of 1.26. The company has a quick ratio of 1.66, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. Mastercard has a twelve month low of $105.69 and a twelve month high of $177.11.
Mastercard (NYSE:MA) last released its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Mastercard by 2.3% in the second quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after acquiring an additional 1,490,267 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Mastercard by 784.3% in the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after acquiring an additional 14,962,583 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Mastercard by 0.5% in the fourth quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock valued at $2,307,780,000 after acquiring an additional 82,024 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Mastercard by 15.8% in the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after acquiring an additional 1,729,179 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of Mastercard by 2.3% in the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after acquiring an additional 289,488 shares in the last quarter. Institutional investors own 75.79% of the company’s stock.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the sale, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by insiders.
Mastercard announced that its Board of Directors has initiated a stock buyback plan on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.61%. Mastercard’s payout ratio is 27.40%.
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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