Jefferies Group Comments on Mastercard Incorporated’s Q2 2017 Earnings (MA)

Mastercard Incorporated (NYSE:MA) – Investment analysts at Jefferies Group lifted their Q2 2017 earnings per share (EPS) estimates for shares of Mastercard in a report released on Tuesday. Jefferies Group analyst R. El-Assal now forecasts that the credit services provider will earn $1.04 per share for the quarter, up from their previous forecast of $1.03. Jefferies Group has a “Buy” rating and a $147.00 price objective on the stock. Jefferies Group also issued estimates for Mastercard’s Q3 2017 earnings at $1.20 EPS, Q4 2017 earnings at $1.06 EPS and FY2017 earnings at $4.31 EPS.

Other equities analysts have also issued research reports about the company. BidaskClub lowered Mastercard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered Mastercard from a “hold” rating to a “sell” rating in a research note on Thursday, April 20th. Deutsche Bank AG reissued a “buy” rating and set a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Credit Suisse Group reissued a “buy” rating and set a $125.00 price objective on shares of Mastercard in a research note on Friday, July 7th. Finally, Vetr lowered Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price objective on the stock. in a research note on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Mastercard has an average rating of “Buy” and an average target price of $125.40.

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Shares of Mastercard (MA) opened at 129.27 on Thursday. The stock’s 50 day moving average price is $123.84 and its 200 day moving average price is $115.15. Mastercard has a one year low of $92.11 and a one year high of $130.20. The stock has a market capitalization of $138.56 billion, a PE ratio of 33.75 and a beta of 1.17.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.07. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Mastercard had a return on equity of 72.95% and a net margin of 37.79%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS.

A number of hedge funds have recently bought and sold shares of MA. Guardian Capital LP increased its stake in Mastercard by 16.6% in the fourth quarter. Guardian Capital LP now owns 112,018 shares of the credit services provider’s stock valued at $11,566,000 after buying an additional 15,988 shares in the last quarter. Atlanta Capital Management Co. L L C increased its stake in Mastercard by 3.1% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 904,917 shares of the credit services provider’s stock valued at $93,433,000 after buying an additional 26,865 shares in the last quarter. A.R.T. Advisors LLC increased its stake in Mastercard by 755.8% in the fourth quarter. A.R.T. Advisors LLC now owns 36,800 shares of the credit services provider’s stock valued at $3,799,000 after buying an additional 32,500 shares in the last quarter. Girard Securities Inc. bought a new stake in Mastercard during the fourth quarter valued at approximately $201,000. Finally, GSA Capital Partners LLP increased its stake in Mastercard by 1,165.6% in the fourth quarter. GSA Capital Partners LLP now owns 45,106 shares of the credit services provider’s stock valued at $4,657,000 after buying an additional 41,542 shares in the last quarter. 75.74% of the stock is owned by hedge funds and other institutional investors.

In other Mastercard news, insider Gary J. Flood sold 83,959 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $115.43, for a total transaction of $9,691,387.37. Following the completion of the sale, the insider now directly owns 78,819 shares of the company’s stock, valued at approximately $9,098,077.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the sale, the insider now directly owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 479,349 shares of company stock valued at $58,430,592. Insiders own 0.30% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. Mastercard’s dividend payout ratio (DPR) is presently 22.98%.

About Mastercard

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.

Earnings History and Estimates for Mastercard (NYSE:MA)

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