Mastercard Incorporated (NYSE:MA) – Analysts at KeyCorp issued their Q2 2017 EPS estimates for Mastercard in a research note issued on Monday. KeyCorp analyst J. Beck anticipates that the credit services provider will post earnings per share of $1.03 for the quarter. KeyCorp also issued estimates for Mastercard’s Q3 2017 earnings at $1.19 EPS, Q4 2017 earnings at $1.03 EPS, FY2017 earnings at $4.27 EPS and FY2018 earnings at $4.94 EPS.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.07. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.65 billion. Mastercard had a net margin of 37.79% and a return on equity of 72.95%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. COPYRIGHT VIOLATION WARNING: “Q2 2017 Earnings Forecast for Mastercard Incorporated Issued By KeyCorp (MA)” was originally posted by BBNS and is the property of of BBNS. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://baseballnewssource.com/markets/q2-2017-earnings-forecast-for-mastercard-incorporated-issued-by-keycorp-ma-updated-updated-updated/1251649.html.
MA has been the topic of a number of other research reports. BidaskClub downgraded shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded shares of Mastercard from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Deutsche Bank AG reiterated a “buy” rating and set a $150.00 target price (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Credit Suisse Group reiterated a “buy” rating and set a $125.00 target price on shares of Mastercard in a research report on Friday, July 7th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $147.00 target price (up previously from $140.00) on shares of Mastercard in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $125.40.
Shares of Mastercard (NYSE:MA) opened at 129.27 on Thursday. The firm has a market capitalization of $138.56 billion, a price-to-earnings ratio of 33.75 and a beta of 1.17. Mastercard has a 12-month low of $92.11 and a 12-month high of $130.20. The firm has a 50-day moving average of $123.84 and a 200 day moving average of $115.15.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, July 5th. Mastercard’s dividend payout ratio is currently 22.98%.
In other Mastercard news, insider Gary J. Flood sold 83,959 shares of the stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $115.43, for a total transaction of $9,691,387.37. Following the transaction, the insider now directly owns 78,819 shares in the company, valued at $9,098,077.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the transaction, the insider now owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The disclosure for this sale can be found here. Insiders sold 479,349 shares of company stock worth $58,430,592 over the last ninety days. 0.30% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. American Beacon Advisors Inc. purchased a new position in shares of Mastercard during the first quarter valued at about $100,000. Integrated Investment Consultants LLC boosted its position in shares of Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock valued at $101,000 after buying an additional 650 shares in the last quarter. Lipe & Dalton purchased a new position in shares of Mastercard during the first quarter valued at about $101,000. Proficio Capital Partners LLC boosted its position in shares of Mastercard by 108.2% in the first 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 in the last quarter. Finally, Israel Discount Bank of New York GFN purchased a new position in shares of Mastercard during the fourth quarter valued at about $110,000. Hedge funds and other institutional investors own 75.74% of the company’s stock.
Mastercard Company Profile
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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