Stock Update: MasterCard Inc (NYSE:MA) – MasterCard profit rises 11.1 pct as purchase volumes jump

[Reuters] – MasterCard Inc, the operator of the world’s second-largest payments network, reported an 11.1 percent rise in quarterly profit as purchase volumes rose. The company’s net income rose to $890 million, or … Read more on this. MasterCard Incorporated (MA) , with a current value of $92.90B, began trading this morning at $81.51. Looking at today’s trading action, the company’s one day range from $81.00 to $82.62 and has traded between $74.61 and $101.76 over the past 12 months. Master Card (MA) shares are currently priced at 25.05x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 20.90x earnings multiple for the same period. And for income investors, the company pays shareholders $0.76 per share annually in dividends, yielding 0.87%. In a review of the consensus earnings estimate this quarter, 33 sell-side analysts are looking at $0.69 per share, which would be $0.00 worse than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $3.33 is a $0.23 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.55 Billion. If reported, that would be a 5.37% increase over the year-ago quarter. In terms of ratings, Sterne Agee CRT Initiated MA at Buy (Dec 17, 2015). Previously, Credit Agricole Initiated MA at to Outperform. The average price target for MA shares by the analysts covering it is $110.88, which is 36.03% above where the stock opened. See more in (NYSE:MA) Similar Articles: Stock Update: MasterCard Inc (NYSE:MA) – Walmart Adds MasterPass™ by MasterCard to Online and Mobile Checkout Stock Update: MasterCard Inc (NYSE:MA) – MasterCard beats profit estimates as customers spend more Stock Update: MasterCard Inc (NYSE:MA) – MasterCard to Hold Masters of Code Global Hackathon Competition in New York City