3 Reasons for Mastercard Investors to Cheer
Mastercard Inc's (NYSE: MA) business continues to hum: When the company recently reported its third-quarter earnings, there was a lot for investors to like. Net revenue rose to $3.4 billion, an 18% increase year over year, while earnings per share were up to $1.34, an even more robust 24% increase year over year. The revenue and earnings growth were driven by increases in gross dollar volume and switched transaction counts, up 10% and 17%, respectively, from 2016's third quarter. The market reacted to the news only mildly, probably because Mastercard shares have already had an incredible run-up this year. As I write, shares are up more than 44% year to date and almost 15% since the start of August.
After reading through the company's conference call transcript provided by S&P Global Market Intelligence, here are three more catalysts shareholders in the global payments network can look forward to in the quarters and years ahead.
Mastercard continues to ride macro trends of digital and electronic payments. Image source: Mastercard Inc.
Source: Fool.com
Mastercard Inc. A Stock
The stock is an absolute favorite of our community with 61 Buy predictions and no Sell predictions.
With a target price of 448 € there is a slightly positive potential of 9.14% for Mastercard Inc. A compared to the current price of 410.5 €.
