Mastercard Inc (NYSE:MA) to Post Q2 2019 Earnings of $1.84 Per Share, Jefferies Financial Group Forecasts

Mastercard Inc (NYSE:MA) – Analysts at Jefferies Financial Group dropped their Q2 2019 EPS estimates for shares of Mastercard in a report issued on Tuesday, April 30th, according to Zacks Investment Research. Jefferies Financial Group analyst M. Grosso now anticipates that the credit services provider will post earnings of $1.84 per share for the quarter, down from their previous estimate of $1.93. Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Mastercard’s Q3 2019 earnings at $2.13 EPS, Q4 2019 earnings at $1.98 EPS, FY2019 earnings at $7.73 EPS, Q1 2020 earnings at $2.02 EPS, Q2 2020 earnings at $2.22 EPS, Q3 2020 earnings at $2.33 EPS, Q4 2020 earnings at $2.48 EPS and FY2020 earnings at $9.04 EPS.

MA has been the topic of a number of other research reports. Nomura raised their price target on Mastercard to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Wells Fargo & Co raised their price target on Mastercard from $238.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Barclays restated a “buy” rating on shares of Mastercard in a research note on Sunday, February 3rd. Oppenheimer raised their price target on Mastercard from $221.00 to $242.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th. Finally, Wedbush increased their price objective on Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $247.58.

NYSE:MA traded down $0.87 during mid-day trading on Thursday, reaching $252.55. 2,429,286 shares of the stock were exchanged, compared to its average volume of 3,517,189. The company has a market capitalization of $258.16 billion, a PE ratio of 38.91, a P/E/G ratio of 1.97 and a beta of 1.15. The company has a quick ratio of 1.41, a current ratio of 1.40 and a debt-to-equity ratio of 1.12. Mastercard has a 1 year low of $171.89 and a 1 year high of $257.43.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS.

In other news, insider Michael Fraccaro sold 8,658 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $230.21, for a total value of $1,993,158.18. Following the completion of the sale, the insider now directly owns 4,124 shares of the company’s stock, valued at approximately $949,386.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Timothy H. Murphy sold 60,428 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $230.31, for a total value of $13,917,172.68. Following the completion of the sale, the general counsel now directly owns 46,331 shares of the company’s stock, valued at $10,670,492.61. The disclosure for this sale can be found here. Insiders sold a total of 381,530 shares of company stock valued at $93,705,711 over the last three months. Insiders own 0.32% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Farmers & Merchants Investments Inc. raised its holdings in Mastercard by 1.0% during the first quarter. Farmers & Merchants Investments Inc. now owns 4,560 shares of the credit services provider’s stock worth $1,074,000 after purchasing an additional 43 shares during the last quarter. Next Capital Management LLC raised its holdings in Mastercard by 6.8% during the first quarter. Next Capital Management LLC now owns 674 shares of the credit services provider’s stock worth $159,000 after purchasing an additional 43 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in Mastercard by 1.6% during the first quarter. Coldstream Capital Management Inc. now owns 2,808 shares of the credit services provider’s stock worth $661,000 after purchasing an additional 43 shares during the last quarter. Northwest Quadrant Wealth Management LLC raised its holdings in Mastercard by 2.1% during the first quarter. Northwest Quadrant Wealth Management LLC now owns 2,233 shares of the credit services provider’s stock worth $534,000 after purchasing an additional 45 shares during the last quarter. Finally, Mechanics Bank Trust Department raised its holdings in Mastercard by 3.8% during the first quarter. Mechanics Bank Trust Department now owns 1,245 shares of the credit services provider’s stock worth $293,000 after purchasing an additional 45 shares during the last quarter. 75.29% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Mastercard (NYSE:MA)

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