Q1 2018 EPS Estimates for Mastercard Incorporated (MA) Cut by Analyst

Mastercard Incorporated (NYSE:MA) – Stock analysts at Wedbush lowered their Q1 2018 earnings per share estimates for Mastercard in a research note issued to investors on Wednesday. Wedbush analyst M. Katri now forecasts that the credit services provider will post earnings of $1.15 per share for the quarter, down from their previous forecast of $1.16. Wedbush currently has a “Buy” rating and a $140.00 price target on the stock. Wedbush also issued estimates for Mastercard’s Q3 2018 earnings at $1.38 EPS, Q4 2018 earnings at $1.31 EPS and FY2018 earnings at $5.11 EPS.

A number of other equities analysts have also recently commented on MA. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $150.00 price target (up from $143.00) on shares of Mastercard in a research note on Friday. Instinet reaffirmed a “buy” rating and issued a $163.00 price target (up from $153.00) on shares of Mastercard in a research note on Saturday. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $158.00 price target (up from $149.00) on shares of Mastercard in a research note on Friday. Cowen and Company reaffirmed a “buy” rating and issued a $137.00 price target on shares of Mastercard in a research note on Friday. Finally, Credit Suisse Group AG lifted their price target on Mastercard from $128.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday. One 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 company. The company currently has a consensus rating of “Buy” and an average price target of $136.78.

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Shares of Mastercard (MA) opened at 137.22 on Friday. The company has a market capitalization of $146.13 billion, a PE ratio of 34.05 and a beta of 1.18. The company has a 50-day moving average price of $131.41 and a 200 day moving average price of $120.91. Mastercard has a one year low of $97.49 and a one year high of $138.64.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year.

A number of institutional investors have recently added to or reduced their stakes in the business. Glassman Wealth Services boosted its holdings in Mastercard by 0.3% in the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after acquiring an additional 6 shares in the last quarter. Norway Savings Bank boosted its holdings in Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after acquiring an additional 10 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares in the last quarter. Genesee Valley Trust Co. boosted its holdings in Mastercard by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 6,246 shares of the credit services provider’s stock worth $702,000 after acquiring an additional 18 shares in the last quarter. Finally, Concert Wealth Management Inc. boosted its holdings in Mastercard by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock worth $664,000 after acquiring an additional 18 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 29,206 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $127.63, for a total value of $3,727,561.78. Following the completion of the sale, the insider now directly owns 112,649,063 shares in the company, valued at $14,377,399,910.69. The disclosure for this sale can be found here. Insiders have sold 850,468 shares of company stock worth $109,574,694 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

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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