Equities Analysts Lower Earnings Estimates for Mastercard Inc (NYSE:MA)

Equities Analysts Lower Earnings Estimates for Mastercard Inc (NYSE:MA)

Mastercard Inc (NYSE:MA) – Stock analysts at SunTrust Banks reduced their Q2 2019 earnings per share estimates for Mastercard in a research report issued on Tuesday, April 30th, Zacks Investment Research reports. SunTrust Banks analyst A. Jeffrey now anticipates that the credit services provider will post earnings per share of $1.79 for the quarter, down from their previous estimate of $1.94. SunTrust Banks also issued estimates for Mastercard’s Q4 2019 earnings at $1.96 EPS.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Co increased their price objective on shares of Mastercard from $238.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. KeyCorp raised their target price on shares of Mastercard from $230.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Nomura raised their target price on shares of Mastercard to $252.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. Finally, Oppenheimer raised their target price on shares of Mastercard from $242.00 to $259.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Mastercard has an average rating of “Buy” and an average price target of $247.58.

NYSE MA traded down $2.09 during trading hours on Friday, reaching $250.46. 10,653 shares of the company traded hands, compared to its average volume of 3,638,055. The company has a market capitalization of $257.99 billion, a price-to-earnings ratio of 38.82, a price-to-earnings-growth ratio of 2.00 and a beta of 1.15. Mastercard has a 12 month low of $171.89 and a 12 month high of $257.43. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.12. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the prior year, the firm posted $1.50 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year.

In related news, insider Craig Vosburg sold 7,650 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $238.24, for a total transaction of $1,822,536.00. Following the completion of the transaction, the insider now directly owns 28,729 shares in the company, valued at $6,844,396.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ajay Banga sold 252,600 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total value of $63,382,392.00. Following the transaction, the chief executive officer now owns 427,638 shares of the company’s stock, valued at $107,302,926.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 381,530 shares of company stock worth $93,705,711. 0.32% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Focused Wealth Management Inc purchased a new position in shares of Mastercard in the 4th quarter worth about $25,000. Ruggie Capital Group purchased a new stake in Mastercard during the 4th quarter valued at about $27,000. Valley National Advisers Inc. boosted its holdings in Mastercard by 210.9% during the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 97 shares during the period. New Capital Management LP boosted its holdings in Mastercard by 50.0% during the 4th quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock valued at $28,000 after acquiring an additional 50 shares during the period. Finally, Avondale Wealth Management purchased a new stake in Mastercard during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 75.29% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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