Brokers Set Expectations for Mastercard Incorporated’s FY2019 Earnings (MA)

Mastercard Incorporated (NYSE:MA) – Analysts at Oppenheimer Holdings issued their FY2019 earnings per share estimates for Mastercard in a note issued to investors on Tuesday. Oppenheimer Holdings analyst G. Greene anticipates that the credit services provider will post earnings of $6.13 per share for the year. Oppenheimer Holdings currently has a “Buy” rating and a $145.00 price target on the stock.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research note on Wednesday, July 5th. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $147.00 price objective (up previously from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. Deutsche Bank AG reiterated a “buy” rating and set a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $125.00 price objective on shares of Mastercard in a research report on Friday, July 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $148.54.

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Mastercard (NYSE MA) traded up 0.28% during midday trading on Thursday, hitting $145.38. 3,547,286 shares of the stock were exchanged. Mastercard has a one year low of $99.51 and a one year high of $148.45. The firm has a 50-day moving average price of $141.42 and a 200-day moving average price of $127.42. The stock has a market cap of $154.81 billion, a P/E ratio of 36.07 and a beta of 1.18.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Thursday, October 5th. Mastercard’s payout ratio is currently 21.78%.

In related news, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the transaction, the director now directly owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $129.46, for a total value of $11,343,026.28. Following the transaction, the insider now directly owns 112,561,445 shares in the company, valued at $14,572,204,669.70. The disclosure for this sale can be found here. Insiders have sold a total of 641,820 shares of company stock valued at $83,385,957 in the last quarter. Company insiders own 0.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Personal Capital Advisors Corp lifted its position in Mastercard by 3.3% during the 2nd quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after acquiring an additional 8,670 shares in the last quarter. IBM Retirement Fund lifted its position in Mastercard by 68.8% during the 2nd quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after acquiring an additional 9,397 shares in the last quarter. Oribel Capital Management LP acquired a new position in Mastercard during the 1st quarter worth approximately $5,849,000. Puzo Michael J lifted its position in Mastercard by 0.4% during the 2nd quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock worth $6,129,000 after acquiring an additional 213 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC lifted its position in Mastercard by 49.6% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 154,675 shares of the credit services provider’s stock worth $18,785,000 after acquiring an additional 51,260 shares in the last quarter. 76.01% of the stock is currently owned by hedge funds and other 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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