Mastercard Incorporated to Post Q1 2018 Earnings of $1.13 Per Share, Oppenheimer Holdings Forecasts (MA)

Mastercard Incorporated to Post Q1 2018 Earnings of $1.13 Per Share, Oppenheimer Holdings Forecasts (MA)

Mastercard Incorporated (NYSE:MA) – Equities researchers at Oppenheimer Holdings issued their Q1 2018 earnings per share (EPS) estimates for shares of Mastercard in a report released on Wednesday. Oppenheimer Holdings analyst G. Greene anticipates that the brokerage will post earnings per share of $1.13 for the quarter. Oppenheimer Holdings also issued estimates for Mastercard’s Q2 2018 earnings at $1.27 EPS, Q3 2018 earnings at $1.40 EPS, Q4 2018 earnings at $1.20 EPS and FY2018 earnings at $5.00 EPS.

Several other equities analysts have also weighed in on the stock. Vetr lowered shares of Mastercard from a “buy” rating to a “hold” rating and set a $105.86 target price on the stock. in a report on Monday, October 3rd. Stifel Nicolaus lifted their target price on shares of Mastercard from $114.00 to $116.00 and gave the company a “buy” rating in a report on Monday, October 31st. Wedbush assumed coverage on shares of Mastercard in a report on Friday, January 20th. They set an “outperform” rating and a $126.00 target price on the stock. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Friday, November 18th. Finally, Compass Point lifted their target price on shares of Mastercard from $95.00 to $99.00 and gave the company a “neutral” rating in a report on Monday, October 31st. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $114.52.

Shares of Mastercard (NYSE:MA) traded up 0.07% during trading on Friday, hitting $109.46. The company’s stock had a trading volume of 1,712,697 shares. The company has a market cap of $119.27 billion, a PE ratio of 30.26 and a beta of 1.19. Mastercard has a 52 week low of $78.52 and a 52 week high of $111.07. The firm’s 50 day moving average price is $106.21 and its 200-day moving average price is $101.15.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Friday, October 28th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the 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%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share.

A number of hedge funds have recently added to or reduced their stakes in MA. Homrich & Berg increased its stake in shares of Mastercard by 0.3% in the third quarter. Homrich & Berg now owns 2,558 shares of the company’s stock valued at $260,000 after buying an additional 8 shares during the period. Compagnie Lombard Odier SCmA increased its stake in shares of Mastercard by 0.8% in the second quarter. Compagnie Lombard Odier SCmA now owns 1,800 shares of the company’s stock valued at $159,000 after buying an additional 15 shares during the period. Alpha Windward LLC increased its stake in shares of Mastercard by 1.0% in the third quarter. Alpha Windward LLC now owns 1,550 shares of the company’s stock valued at $158,000 after buying an additional 15 shares during the period. HBK Sorce Advisory LLC increased its stake in shares of Mastercard by 0.4% in the second quarter. HBK Sorce Advisory LLC now owns 5,129 shares of the company’s stock valued at $452,000 after buying an additional 22 shares during the period. Finally, Krilogy Financial LLC increased its stake in shares of Mastercard by 1.0% in the second quarter. Krilogy Financial LLC now owns 2,383 shares of the company’s stock valued at $210,000 after buying an additional 24 shares during the period. 75.44% of the stock is owned by institutional investors and hedge funds.

In related news, major shareholder Foundation Mastercard sold 72,624 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $103.28, for a total transaction of $7,500,606.72. Following the completion of the sale, the insider now directly owns 114,229,627 shares of the company’s stock, valued at $11,797,635,876.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ann Cairns sold 58,420 shares of the stock in a transaction that occurred on Tuesday, January 24th. The shares were sold at an average price of $110.00, for a total transaction of $6,426,200.00. Following the sale, the insider now directly owns 90,511 shares of the company’s stock, valued at $9,956,210. The disclosure for this sale can be found here. Over the last three months, insiders have sold 908,744 shares of company stock valued at $97,329,399. Company insiders own 3.14% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 9th. Investors of record on Monday, January 9th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, January 5th. This is a positive change from Mastercard’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 0.80%. Mastercard’s dividend payout ratio is currently 24.31%.

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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