Market Update: MasterCard Inc (NYSE:MA) – MasterCard profit beats expectations as purchase volumes rise

[Reuters] – MasterCard Inc, operator of the world’s second-largest payments network, reported a slightly better-than-expected quarterly profit as customers spent more using its cards. However, the company’s net income … Read more on this. MasterCard Incorporated (MA) , with a current market cap of $110.18B, opened this morning at $97.94. Looking at today’s trading action, the company’s one day range from $97.79 to $100.00 with a trailing 52-week range being $74.61 to $101.76. Priced at 27.87x this year’s forecasted earnings, MA shares are relatively expensive compared to the industry’s 14.67x forward p/e ratio. The company pays shareholders $0.76 per share annually in dividends, yielding 0.78%. In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $0.85 per share, which would be $0.04 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $3.53 which would be a $0.10 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.38 Billion. If realized, that would be a 6.73% increase over the year-ago quarter. In terms of ratings, Compass Point Initiated MA at Neutral (Apr 15, 2016). Previously, BofA/Merrill downgraded MA from Buy to Neutral. With the above information in mind, readers should note that the average price target is $104.82, which is 7.02% above where the stock opened this morning. See more in (NYSE:MA) Similar Articles: Stock Update: MasterCard Inc (NYSE:MA) – Virtual Reality and Payment Wearables Tee Off at the Arnold Palmer Invitational Presented by MasterCard Stock Update: MasterCard Inc (NYSE:MA) – MasterCard profit rises 11.1 pct as purchase volumes jump Stock Update: MasterCard Inc (NYSE:MA) – MasterCard beats profit estimates as customers spend more