Mastercard Inc (MA) Releases Earnings Results, Beats Expectations By $0.01 EPS

Mastercard Inc (MA) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.86 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.85. The company posted revenue of $2446.00 million in the period, compared to analysts expectations of $2383.61 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Many Wall Street Analysts have commented on Mastercard Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 110 from a previous price target of $104 .Compass Point Initiated Mastercard Inc on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $95.Mastercard Inc was Downgraded by BofA/Merrill to ” Neutral” on Feb 11, 2016.

Mastercard Inc opened for trading at $97.24 and hit $98.61 on the upside on Wednesday, eventually ending the session at $98.38, with a gain of 1.14% or 1.11 points. The heightened volatility saw the trading volume jump to 52,11,941 shares. Company has a market cap of $109,274 M.

In a different news, on Apr 19, 2016, Ronald E Garrow (Chief Human Resources Officer) sold 5,784 shares at $97.00 per share price. According to the SEC, on Apr 6, 2016, Timothy H Murphy (General Counsel) sold 20,148 shares at $95.30 per share price. On Apr 5, 2016, Richard Haythornthwaite (director) sold 3,000 shares at $93.76 per share price, according to the Form-4 filing with the securities and exchange commission.

MasterCard Incorporated is a technology company in the global payments industry. The Company connects consumers financial institutions merchants Governments and businesses around the world enabling them to use electronic forms of payment instead of cash and checks. The Company’s brands include MasterCard Maestro and Cirrus. It provides offerings such as loyalty and reward programs information services and consulting. The Company focuses on segments including Government programs such as Social Security payments unemployment benefits and others; commercial programs such as payroll health savings accounts employee benefits and others and consumer reloadable programs for individuals without formal banking relationships and non-traditional users of electronic payments. The Company provides a variety of products and solutions that support payment products that customers can offer to their cardholders.

Mastercard Inc

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