Stock Update: MasterCard Inc (NYSE:MA) – Virtual Reality and Payment Wearables Tee Off at the Arnold Palmer Invitational Presented by MasterCard

[Business Wire] – MasterCard is bringing the future of commerce to life with virtual and augmented reality commerce experiences and payment enabled wearables at the Arnold Palmer Invitational Presented by MasterCard in Orlando, FL. Read more on this. MasterCard Incorporated (MA) , currently valued at $99.21B, began trading this morning at $88.36. During today’s session, MA traded between $89.02 to $89.55 with its 52-week range being $74.61 to $101.76. MA shares are currently priced at 25.18x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.28x earnings multiple. And for dividend hunters, the company pays shareholders $0.76 per share annually in dividends, yielding 0.86%. In a review of the consensus earnings estimate this quarter, 32 sell-side analysts are looking at $0.85 per share, which would be $0.04 worse than the year-ago quarter and a $0.08 sequential decrease. The full-year EPS estimate is $3.53 which would be a $0.10 improvement 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. More recently, BofA/Merrill downgraded MA from Buy to Neutral (Feb 11, 2016). Previously, Sterne Agee CRT Initiated MA at to Buy. The average price target for MA shares by the analysts covering the stock is $104.03, which is 17.73% above where the stock opened this morning. 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 to Hold Masters of Code Global Hackathon Competition in New York City Market Update: MasterCard Inc (NYSE:MA) – MasterCard Launches New Program That Can Turn Any Consumer Gadget, Accessory or Wearable into a Payment Device