Mastercard Incorporated (MA) to Post Q3 2017 Earnings of $1.23 Per Share, William Blair Forecasts

Mastercard Incorporated (NYSE:MA) – William Blair upped their Q3 2017 earnings per share estimates for shares of Mastercard in a report issued on Thursday. William Blair analyst R. Napoli now anticipates that the credit services provider will earn $1.23 per share for the quarter, up from their prior forecast of $1.21. William Blair also issued estimates for Mastercard’s Q4 2017 earnings at $1.01 EPS, FY2017 earnings at $4.33 EPS, FY2018 earnings at $4.98 EPS and FY2019 earnings at $5.75 EPS.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS.

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Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered shares of Mastercard from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Deutsche Bank AG reaffirmed a “buy” rating and set a $150.00 price target (up from $124.00) on shares of Mastercard in a report on Monday, July 10th. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 price target on shares of Mastercard in a report on Friday, July 7th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $147.00 price target (up from $140.00) on shares of Mastercard in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $128.20.

Shares of Mastercard (NYSE MA) opened at 129.49 on Monday. Mastercard has a one year low of $94.41 and a one year high of $132.20. The stock’s 50 day moving average is $124.99 and its 200-day moving average is $116.49. The firm has a market cap of $137.89 billion, a P/E ratio of 32.13 and a beta of 1.17.

The firm 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 dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.68%. Mastercard’s payout ratio is 21.78%.

In other Mastercard news, major shareholder Foundation Mastercard sold 29,206 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $129.27, for a total transaction of $3,775,459.62. Following the completion of the transaction, the insider now owns 112,473,827 shares of the company’s stock, valued at approximately $14,539,491,616.29. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 467,296 shares of company stock valued at $60,036,146. 0.30% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. American Beacon Advisors Inc. bought a new stake in Mastercard during the first quarter valued at approximately $100,000. Integrated Investment Consultants LLC increased its stake 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 acquired a new stake in shares of Mastercard during the first quarter valued at about $101,000. Chicago Partners Investment Group LLC increased its stake in shares of Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after buying an additional 874 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake 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. 75.68% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for Mastercard (NYSE:MA)

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